WSJcomBankruptcyBeat

Forward Motions: Cerberus Attempts to Oust Natrol Executives

07/03/14

Next week in bankruptcy, vitamin and supplement supplier Natrol Inc. and its lender, Cerberus Business Finance LLC, will go to court to settle a dispute over control of the company.

Last month, Cerberus asked Judge Brendan Shannon of the U.S. Bankruptcy Court Wilmington, Del., to oust Natrol’s current management, replacing executives with a Chapter 11 trustee.

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San Angelo Colts File for Bankruptcy to Save Stadium

07/03/14
Foster Field in San Angelo, Texas, the home of the Colts.
Sanangelocolts.com

The S

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The Daily Docket: Bankruptcy Judge to Confirm Genco Plan

07/03/14

A bankruptcy judge said on Wednesday that Genco Shipping & Trading Ltd.’s restructuring plan appropriately values the dry-bulk shipper and that he will confirm the plan. Read the Daily Bankruptcy Review article here.

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Revival Is on the Table for Bankrupt New York City Opera

07/02/14
The Brooklyn Academy of Music’s Peter Jay Sharp Building, where New York City Opera performed “Anna Nicole” until Oct.
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The Daily Docket: LightSquared Unveils $3.05B Restructuring Plan

07/02/14

Philip Falcone‘s LightSquared on Tuesday unveiled a $3.05 billion restructuring plan that would give 74% of the wireless venture to Cerberus Capital Management LP, Fortress Investment Group  LLC and J.P. Morgan Chase & Co., and leave Mr. Falcone with just 12.5% of the reorganized company’s equity. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Madonna Gives Detroit New Ray of Light

07/01/14
Madonna performs at the Joe Louis Arena on Thursday Nov. 8, 2012, in Detroit.
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Energy Future Insiders Took in $46 Million Last Year

07/01/14

Energy Future Holdings Corp. insiders took nearly $46 million out of the company in the 12 months leading up to its April 29 bankruptcy filing, new court records show.

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The Daily Docket: Energy Future Loan Draws Competition, Opposition

07/01/14

Energy Future Holdings Corp. on Monday unveiled changes to a $1.9 billion bankruptcy loan, including improvements in its fees and terms, that the Texas power company hopes will garner it court approval over opposition on multiple fronts. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Giant Emerald for Sale After Owner Loses Battle for an Even Bigger One

06/30/14
This 2008 file photo provided by the Los Angeles County Sheriff’s Department shows the so-called Bahia Emerald.
Associated Press

A Nevada

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Former Rothstein Partner Receives Prison Sentence

06/30/14

A South Florida lawyer on Friday received a 30-month prison sentence, the consequences of getting mixed up with Ponzi-scheme operator Scott Rothstein.

Russell Adler, one of three name partners in the now-defunct law firm Mr. Rothstein founded, received his sentence from a federal judge after pleading guilty to making illegal contributions to political campaigns at Mr. Rothstein’s request.

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