Restructuring

USC in Tuition Battle: Former Students Will Face Consequences

11/17/15
Andrew Krech/Citizens’ Voice via Associated Press

In the latest battle over whether bankrupt parents should have paid for their kids’ college education, the University of Southern California made it clear that t

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The Tilapia Are Safe

11/17/15
Associated Press/Red Lobster

For a moment, it seemed like 58,000 tilapia kept in a financially struggling fish farm weren’t going to make it to your dinner plate.

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Insider Pay in Bankruptcy

11/16/15

When companies file for chapter 11 bankruptcy, the price they pay for the court’s protection is transparency. That can be a sticking point for businesses, especially when it comes to the pay its executives, directors and other insiders receive in the months before bankruptcy.

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Next Week in Bankruptcy

11/13/15

Another $1.2 billion could soon be divided among Bernard Madoff’s cheated investors if a bankruptcy judge approves that payout at a court hearing scheduled for Wednesday.

The money won’t flow until Judge Stuart Bernstein of the U.S. Bankruptcy Court in Manhattan signs off on it. Under the proposal, the average payment amount for investors is $1.1 million, though payments range from less than $1,300 to more than $200 million for one investor.

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Justice Department Watchdog, Creditors Look to Delay Caesars Restructuring

11/12/15

A Justice Department watchdog and several creditors of Caesars Entertainment Operating Co. want to delay the casino unit’s restructuring. Read the Daily Bankruptcy Review article here.

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Watchdog Seeks More Cuts to Caesars Professional Fees

11/11/15
The Caesars Entertainment Corp.'s Caesars Palace hotel in Las Vegas
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Drug-Testing Lab Millennium Enters Bankruptcy

11/11/15

Drug-testing laboratory Millennium Health LLC filed for chapter 11 protection a month after agreeing to settle allegations of billing the federal government for unnecessary tests.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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GM Could Face Punitive Damages on Ignition-Switch Lawsuits

11/10/15

A bankruptcy judge said General Motors Co.  can face punitive damages on defective ignition switch lawsuits in certain circumstances.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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NextEra Circles Oncor as Energy Future Pursues Sale

11/09/15

Florida-based NextEra Energy Inc. is circling Energy Future Holdings Corp. as it tries to implement its $42 billion debt-repayment plan.Read the Daily Bankruptcy Review article here.

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Next Week in Bankruptcy

11/06/15

The Roman Catholic Archdiocese of Milwaukee will appear in a federal courtroom Monday to ask a judge to formally wind down its bankruptcy, which has dragged out over nearly five years and provoked bitter legal battles that went as high as the U.S. Supreme Court.

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