Restructuring

Caesars Examiner Close to Deal on Creditors’ Investigation

04/30/15
Caesars Entertainment Corp.’s Caesars Palace casino stands in Las Vegas.
Bloomberg News

The independent examiner inCaesars Entertainment Operating Co.

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Endeavour International Looks to Ward Off Lawsuit

04/28/15

Oil and gas developer Endeavour International Corp. is attempting to swat away accusations from unsecured creditors seeking to sue over allegedly improper prebankruptcy financial maneuvers. Read the Daily Bankruptcy Review article here.

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Altegrity Executives Got Payout Before Firm’s Bankruptcy

04/27/15

Newly released court records show that Altegrity Inc., a company linked to some notable U.S. security stumbles of recent years, shelled out $25.7 million to top executives the year before it filed for bankruptcy protection. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Lehman’s $83 Million Trader Taped Conversations

04/24/15

A former Lehman Brothers star trader secretly recorded several conversations that he says prove Lehman owes him more than $83 million in bonuses for his work done mostly in 2008, even though he received a similar amount when Barclays PLC bought Lehman, The Wall Street Journal reports.

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Lehman Brothers Says Former Top Trader Seeking ‘Double Recovery’

04/23/15

Lehman Brothers on Wednesday said former top trader Jonathan Hoffman is seeking “double recovery” on his bonus from 2008, in day one of a trial over whether Lehman owes Mr. Hoffman and three other employees millions in back bonuses. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Tim Blixseth Jailed for Contempt

04/21/15
Tim Blixseth was ordered to jail for contempt until he accounts for million he owes creditors.
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Forward Motions: Siga Creditors to Seek Permission to Investigate Executives

04/17/15

In an Austin, Texas, courtroom Monday, WBH Energy LP will ask a bankruptcy judge to approve bidding procedures that could see the company’s assets sold for at least $25 million.

WBH Energy’s lender, investment firm Castlelake LP, has agreed to serve as the lead bidder at an upcoming bankruptcy auction. The lender intends to credit bid—or offer to forgive some of the debt it is owed—for the independent oil company’s assets.

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The Daily Docket: Texas AG Cites Privacy Concerns in RadioShack Customer Data Sale

04/17/15
Tony Gutierrez/Associated Press

Texas Attorney General Ken Paxton says a plan to sell the RadioShack Corp.

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The $12,473 Corporate Reorganization

04/16/15

The owner of a small, struggling business can get sticker shock at the $100,000 to $300,000 price of a corporate reorganization in bankruptcy.

Meet the Florida lawyer who fixed VitaChef Steamer Skillets’ financial problems for a fraction of that amount.

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Another Settlement of Fraud Accusations May Be on the Way for Plethico

04/15/15

Plethico Pharmaceuticals Ltd., which has twice been accused of fraud in connection with a natural products company it sold in bankruptcy, may have once again negotiated its way out of legal trouble.

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