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The Daily Docket: NII Holdings Strikes Deal With Bondholders

11/25/14

NII Holdings Inc. on Monday announced a restructuring deal that would put the Latin American Nextel carrier in the hands of its bondholders. Read Joe Checkler’s Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Madoff Bankruptcy Trustee Strikes Another Clawback Deal

11/19/14

An investment fund that parked all of its money with Bernard Madoff has agreed to give up $95 million for the benefit of Mr. Madoff’s victims in the second major settlement announced this week by the court-appointed official tracking down money tied to the biggest Ponzi scheme ever. Read Sara Randazzo’s Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Madoff Trustee Claws Back Another $500 Million

11/18/14

A new legal settlement will bring in nearly $500 million for Bernard Madoff ’s cheated investors, putting their total recovery to date above $10 billion. Read Jacqueline Palank’s Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Mutual Fund Appeals Stockton Bankruptcy Ruling

11/17/14

Mutual fund giant Franklin Templeton Investments is appealing a judge’s decision to allow the city of Stockton, Calif., to exit bankruptcy under a plan that pays Franklin-managed funds a fraction of the $37 million owed them but makes full payments for the city’s pensions. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Denmark’s O.W. Bunker U.S. Units File for Chapter 11

11/14/14
OW Bunker vessels in Singapore.
O.W. Bunker

Denmark’s O.W. Bunker AS on Thursday placed its U.S.

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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.

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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.

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How American Sniper’s Death Caused a Headache for a Texas Hedge Fund Manager

11/07/14
Former Navy SEAL and author of the book “American Sniper”, Chris Kyle poses in Midlothian, Texas, in 2012, less than a yer before his death.
Associated Press
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The Daily Docket: Bankruptcy Judge Delays Key Trump Taj Mahal Ruling

11/06/14
Trump Entertainment

As cash quickly runs out to keep Atlantic City’s Trump Taj Mahal Casino Resort open, a bankruptcy judge refused to sign off on the outlines of a bankruptcy-exit plan for owner Trump Enterta

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The Daily Docket: Nortel Canada Looks to Block U.S. Unit’s $1 Billion Bondholder Deal

11/05/14

Nortel Networks Corp. of Canada Tuesday attacked a $1 billion pact between its U.S. division and investment firms that bought debt after the former telecommunications powerhouse collapsed in bankruptcy in 2009. Read the Daily Bankruptcy Review story here.

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