Restructuring

The Daily Docket: Judge Approves Anadarko Settlement Over Tronox Acquisition

11/12/14

A judge on Monday approved Anadarko Petroleum Corp.’s $5.15 billion settlement over its ill-fated acquisition of Tronox Inc., the final major hurdle in the federal government’s largest environmental settlement ever. The Wall Street Journal has the Daily Bankruptcy Review article here.

[more]

Read more

Pittsburgh’s Soccer Team Almost Out of Bankruptcy

11/11/14

: Wilmington Hammerheads defenseman Dylan Riley, right, battles for possession with Pittsburgh Riverhounds midfielder Matthew Kassal, left, at Legion Stadium in Wilmington, N.C., in April 2012.

[more]

Read more

The Daily Docket: Atlantic City Looks to Sell Trump Entertainment Tax Lien

11/11/14

: The exterior of the former Trump Taj Mahal in Atlantic City, N.J.; Wayne Parry

New Jersey’s Atlantic City, struggling to meet its annual budget after the

[more]

Read more

Detroit Judge to Residents: Your Anger Will Prevent Another Meltdown

11/10/14

: Tonja Boyd (L) talks with her daughters Nemyla Boyd (C) and Alexandria Boyd (R) as they wait at a bus stop Nov.

[more]

Read more

Why Judge Rhodes Let Detroit Out of Bankruptcy

11/10/14

: U.S. Bankruptcy Court Judge Steven Rhodes, seen in this 2012 file photo, approved Detroit’s bankruptcy plan.; John Meiu

U.S.

[more]

Read more

Florida Gambling Ship Files For Bankruptcy

11/10/14

Florida’s Island Breeze Casino ship has filed for bankruptcy with the hope of someday returning to sea.

Ship officials on Thursday put the 600-passenger vessel into bankruptcy after halting daily excursions from Palm Beach and laying off nearly all of its 250 employees, according to documents filed in U.S. Bankruptcy Court in West Palm Beach, Fla.

[more]

Read more

The Daily Docket: Drug Maker Dendreon Files for Bankruptcy

11/10/14

Dendreon Corp. filed for Chapter 11 bankruptcy protection Monday after coming to terms with senior lenders on a restructuring that could mean a reorganization or a sale of its cancer drug operation. Read the Daily Bankruptcy Review story in The Wall Street Journal.

[more]

Read more

Detroit, Bond Insurer Reached Haircut Deal Over Haircuts

11/07/14

: Jones Day lawyers David Heiman (front left) and Heather Lennox leave court at the start of Detroit’s bankruptcy case in July 2013.; Bill Pugliano/Getty Images

[more]

Read more

Forward Motions: Natrol Set to Auction Its Assets

11/07/14

Next Monday at a law office in Wilmington, Del., vitamin maker Natrol Inc. will auction itself off. ICV Partners is offering approximately $90 million for Natrol, but other bidders can top that at the auction.

The California company filed for Chapter 11 bankruptcy protection in June, due to a dispute with lender Cerberus Business Finance LLC. The buyout firm had criticized the company’s management. Natrol lawyers said they “strongly disputed” the lender’s claims of mismanagement.

[more]