WSJcomBankruptcyBeat

It’s Not Goodbye; It’s ‘See You Later’

07/05/16

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Relativity Could Miss $30 Million Payment

07/01/16

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.

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Synthetic Grass Maker AstroTurf Enters Chapter 11

06/30/16

[wsj-responsive-image P="//art.wsj.net/api/photos/27217755/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/27217755/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/27217755/smartcrop?height=853&width=1280" caption="Residents of the Morro da Mineira favela play in the newly installed soccer pitch powered by player's footsteps, in Rio de Janeiro, Brazil, on Sept. 10, 2014.

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Higher Ed Law Firm Takes on Bankruptcy Trustees in Tuition Battles

06/29/16

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The law firm that has bailed colleges and universities out of NCAA athletic-compliance trouble is getting dragged into the bankruptcy courtroom, where fights are increasingly breaking out over tuition payments.

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McKinsey Ordered to Reveal Client Roster

06/29/16

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.

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GoPro Competitor iON Files for Bankruptcy

06/28/16

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

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Coming and Going Concerns

06/27/16

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 in chapter 11 cases and out-of-court restructurings. He has also advised private-equity firms and hedge funds. Mr.

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Hotel Company Founded by John Q. Hammons Enters Chapter 11

06/27/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_P_20160626150922.jpg" J="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_J_20160626150922.jpg" M="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_M_20160626150922.jpg" caption="In a March 30, 2004, file photo, John Q. Hammons poses for a photo in his new 8,000 seat baseball stadium in Springfield, Mo. Hammons, a prominent hotel developer and southwest Missouri philanthropist, died May 26, 2013.

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Next Week in Bankruptcy

06/24/16

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 horse, or lead, offer from Ziff Davis LLC.

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Garlock Creditors to Weigh in on Asbestos Settlement

06/24/16

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.

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