Restructuring

Forward Motions: Crumbs, James River Coal Seek Sale Approval

08/22/14
Pedestrians pass by a closed Crumbs Bake Shop Inc. store in New York on July 8.
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The Daily Docket: BofA and FDIC Settle Failed Bank Suits

08/22/14

The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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Pittsburgh Riverhounds Aim to Score Bankruptcy Exit

08/21/14

The Pittsburgh Riverhounds soccer team has a plan to get out of bankruptcy with a new owner: a local businessman who has already extended several million dollars to keep the team kicking.

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Capmark Strikes Secret Settlement With Former CEO

08/21/14

Capmark Financial Group reached a settlement with its former head honcho over the nearly $17 million he received when he left the commercial real estate lender the year before its bankruptcy, but one key detail is under wraps—how much the individual will pay.

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The Daily Docket: Lehman Brokerage Appeals Barclays Ruling

08/21/14

Lehman Brothers Holdings Inc.’s brokerage is asking a U.S. court to reconsider its ruling affirming Barclays PLC’s right to billions of dollars in disputed assets, saying the decision throws into question the integrity of bankruptcy sales. Read the Daily Bankruptcy Review story in the Wall Street Journal. 

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Where’s the Boardwalk? Ravel Isn’t Revel

08/20/14
The Revel Casino Hotel in Atlantic City, N.J., in Feb.
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The Daily Docket: Asarco Wins Latest Round Against India’s Sesa Sterlite

08/20/14

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy Review.

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Energy Future Keeps a Lid on Questions About Solvency

08/19/14

Energy Future Holdings Corp. Tuesday successfully fended off questions from creditors anxious to probe the financial health of a company division that is the target of deal talks.

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The Daily Docket: Daehan Shipbuilding Seeks U.S. Bankruptcy Protection

08/19/14

Daehan Shipbuilding Co. Ltd. filed for Chapter 15 bankruptcy protection Monday in New York, seeking to shield its U.S. assets from efforts to collect a $54.5 million judgment. Read the story in the Daily Bankruptcy Review. 

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The Daily Docket: NII Holdings Skips an Interest Payment

08/18/14

Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review story here.

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