News Topic: WSJcomBankruptcyBeat

Relativity Media LLC is expected to miss a $30 million payment to lenders, which increases doubts about the film studio’s ability to stay afloat after leaving bankruptcy. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

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Consulting giant McKinsey & Co. was ordered to turn over its client roster in a win for turnaround guru Jay Alix, who accused the firm on not following bankruptcy rules. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

Jeffrey D. Pawlitz  has joined law firm  King & Spalding  as a partner in the financial restructuring group. Mr. Pawlitz, who most recently worked with  Kirkland & Ellis  in Chicago, will be based in New York. He has advised managers and directors ... Read full article

Wearable camera maker iON Worldwide Inc., a competitor of GoPro, filed for bankruptcy. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

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Gawker Media Group will head to bankruptcy court Monday in hopes of putting itself up for sale following a crippling legal judgment. The media company will ask the Manhattan bankruptcy court to sign off not only on its sale timeline, but also the stalking ... Read full article

Creditors of Garlock Sealing Technologies LLC who say they were exposed to asbestos won approval to weigh in on a settlement. Read the Daily Bankruptcy Review article here . ... Read full article

Sports-equipment giant Russell Brands LLC made a bid to purchase the world’s first smart basketball, whose sensors transmit ball-handling data to smartphones. The Kentucky manufacturer, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Co., ... Read full article

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The retention of a professional firm in a chapter 11 case, while requiring some thoughtful and perhaps tedious work, is incredibly straightforward. There are long established standards that are intended to protect the integrity of the proceeding and form ... Read full article

The Roman Catholic Diocese of Gallup, N.M., on Tuesday won court approval of its plan to compensate clergy sexual abuse victims, paving the way for it to exit bankruptcy. Following a hearing at the U.S. Bankruptcy Court in Albuquerque, N.M., Judge David ... Read full article

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Thomas M. Horan  will lead the law firm  Shaw Fishman Glantz & Towbin’s  new office in Delaware. Mr. Horan, who most recently worked with law firm  Womble Carlyle Sandridge & Rice , has represented debtors, creditors’ committees and other parties ... Read full article

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