News Topic: Restructuring

Caesars Entertainment Corp . may have violated federal law when it shuffled its casino assets, said a federal judge in a ruling that could complicate the casino company’s efforts to unload $18.4 billion in debts in a bankruptcy restructuring of its ... Read full article

Teen retailer Wet Seal  Inc. filed for Chapter 11 bankruptcy protection early Friday morning, hoping to salvage some of its stores using a financing offer from B. Riley Co. LLC, The Wall Street Journal reports . The filing followed warnings that Wet Seal ... Read full article

Gambling giant   Caesars Entertainment   Corp. put its largest unit into Chapter 11 protection in Chicago early Thursday morning, leaving it to a judge to settle the bitter dispute among the company’s creditors and the investment firms whose buyout left ... Read full article

Caesars Palace stands in Las Vegas on March 20, 2014. Bloomberg News Investors attempting to push the largest operating unit of Caesars Entertainment Cor ... Read full article

This photo shows transformers that are ready to ship at Oncor’s staging area in Lancaster, Texas, on Thursday, Dec. ... Read full article

Caesars Entertainment Corp.’s Caesars Palace casino stands in Las Vegas, Nevada, U.S., on Sunday, March 9, 2014. Bloomberg News A group of hedge funds on ... Read full article

Lawyers who recently put the Balmoral Racing Club outside Chicago into bankruptcy are preparing to fight the $82 million penalty that hit the horse-racing operation over an alleged bribery scheme involving disgraced ex-Illinois Gov. Rod Blagojevich. ... Read full article

LightSquared on Thursday will ask a New York bankruptcy judge to sign off on a version of its restructuring strategy, which, if approved, will be send out to creditors for a vote. Last month, LightSquared filed the latest of its restructuring proposals, ... Read full article

Getty Images Struggling teen retailer Wet Seal Inc. ... Read full article

Teen fashion retailer Deb Shops on Wednesday won court approval to launch going-out-of-business sales that will culminate with the closing of nearly 300 stores. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

GNC employee Shianne Penoli walks past the future location of Wet Seal Tuesday, July 2, 2013, at th ... Read full article

A group of well-known financial institutions settled a lawsuit brought by former MF Global Holdings Ltd. investors for $74 million. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

Associated Press A bankruptcy judge on Monday approved the sale of Atlantic City, N.J.’s Revel Casino Hotel to Florida real-estate developer Glenn Straub for $95.4 million, after Mr. ... Read full article

The trustee unwinding Lehman Brothers Holdings Inc.’s U.S. brokerage arm has struck a deal with Pacific Investment Management Co. that would settle more than $187 million in claims against the brokerage at a fraction of their asserted value. The Wall ... Read full article

Three Washington, D.C.-area bankruptcy attorneys have moved their practices to Nelson Mullins Riley & Scarborough LLP two months after news broke that their former firm, Wiley Rein LLP, no longer wanted to support a bankruptcy team. ... Read full article

Revel Hotel Casino in Atlantic City, N.J. Associated Press A bankruptcy judge on Monday will consider Revel Casino Hotel’s sale to a Florida real-estate developer af ... Read full article

Celebrities ruled  in 2013 , but retail and restaurants reigned supreme on Bankruptcy Beat this year. It’s time to break free of 2014, though—a new year is coming.  Coldwater Creek, which nailed three of our top 11, was the winner with more than 122,000 ... Read full article

Rich Gaspari Gaspari Nutrition A New Jersey company that makes protein powders and other muscle-building mixes has been sold out of bankruptcy for $10.1 ... Read full article