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Athletic Gear Giant Proposes to Buy ‘Smart’ Basketball

06/23/16

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., made a $1.5 million offer for the bankrupt startup behind the 94Fifty Smart Sensor Basketball, according to court papers.

The deal still needs approval from a bankruptcy judge.

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Oi Seeks Bankruptcy in U.S.

06/23/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38007492/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38007492/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38007492/smartcrop?height=853&width=1280" caption="The logo of Brazil's largest fixed-line telecoms group Oi is seen inside a shop in Sao Paulo October 2, 2013. Oi SA on April 25, 2016, formally started talks to restructure $14.3 billion of bonds, pitting some of the world's biggest investors against each other as Brazil's most-indebted phone carrier fights for its survival.

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Premier Exhibitions Floats Sale of Titanic Items

06/22/16

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OP454_titani_P_20160622153644.jpg" J="//si.wsj.net/public/resources/images/BN-OP454_titani_J_20160622153644.jpg" M="//si.wsj.net/public/resources/images/BN-OP454_titani_M_20160622153644.jpg" caption="A photograph of the Titanic in Belfast in a family album." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

The Titanic is sinking again—but this time, some of its trinkets might be saved in advance.

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Gawker Challenged by Hulk Hogan Over Sale

06/22/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37390531/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37390531/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37390531/smartcrop?height=853&width=1280" credit="Steve Nesius/Associated Press" placement="Inline" suppressEnlarge="false" ]

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Gallup Diocese Clergy Abuse Settlement Approved

06/22/16

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 Thuma signed off on the $25 million plan, which is largely funded by contributions from the diocese, insurance carriers, parishes and sales of the diocese’s property.

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Commentary: In Chapter 11 Disclosure, No Firm Is Above the Rules

06/22/16

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 the fabric of chapter 11 cases. The successful adjudication of a bankruptcy case requires many building blocks, with process and transparency being two of the most critical.

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U.K.’s Sports Direct and Modell’s May Bid on Sports Authority

06/21/16

[wsj-responsive-image P="//art.wsj.net/api/photos/39017482/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/39017482/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/39017482/smartcrop?height=853&width=1280" credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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Coming and Going Concerns

06/20/16

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 in chapter 11 cases. Mr. Horan is on the American Bankruptcy Institute’s board of directors.

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Peabody Is Paying Laurence Tribe to Fight Climate Plan

06/20/16

[wsj-responsive-image P="//art.wsj.net/api/photos/37799296/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/37799296/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/37799296/smartcrop?height=853&width=1280" caption="A dragline excavator mines coal in this aerial photograph taken above the Peabody Energy Somerville Central strip mine in Oakland City, Ind. The company is paying Harvard Law School professor Laurence Tribe at least $435,000 to lead its opposition to the Obama administration’s signature climate-change initiative." credit="Bloomberg News" placement="Inline"

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Maxus Energy Enters Bankruptcy

06/20/16

[wsj-responsive-image P="//art.wsj.net/api/photos/27922233/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/27922233/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/27922233/smartcrop?height=853&width=1280" caption="Tires are removed from the Passaic River in Paterson, N.J. Maxus Energy Corp. filed for bankruptcy protection after reaching a deal with its corporate parent, YPF SA, on the terms of a settlement tied to liabilities for the cleanup of the contaminated river. " credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

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