WSJcomBankruptcyBeat

Emerald Oil Has a Suitor: Brian Kennedy’s Latium Group

03/24/16
SPENCER PLATT/GETTY IMAGES

Emerald Oil Inc., which filed for chapter 11 protection earlier this week, has an interested suitor: rugby club owner and businessman Brian Kennedy’s Latium Group.

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Oil and Gas Exploration Company Emerald Enters Bankruptcy

03/23/16
Citizens of the Planet/Education Images/UIG/Getty Images

Oil and gas exploration company Emerald Oil Inc.

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Judge Cancels Loan Debt for Illinois Man Who Upgraded Cars for Uber

03/22/16
An Uber driver sits in his car near the San Francisco International Airport on July 15, 2015.
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Martin Shkreli’s Holdings in KaloBios Could Be Diluted Through Loans

03/22/16
Entrepreneur and pharmaceutical executive Martin Shkreli listens during a hearing of the House Oversight and Government Reform Committee on Capitol Hill Feb.
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Gallup Diocese Files Plan to Compensate Abuse Victims

03/21/16

The Roman Catholic Diocese of Gallup, N.M., on Monday unveiled a $22 million reorganization plan, the bulk of which will be used to compensate 57 clergy sexual-abuse victims.

The plan, filed Monday with the U.S. Bankruptcy Court in Albuquerque, N.M., lays out how the diocese expects to repay its creditors, the vast majority of whom say they were sexually abused by the diocese’s clergy decades ago.

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Coming and Going Concerns

03/21/16

H. Stephen Castro has joined law firm Norton Rose Fulbright as a partner in the New York office. Mr. Castro, who most recently worked with Kaye Scholer, represents lenders, private-equity firms and others in distressed investing and restructuring situations. He has worked in industries including energy, mining and transportation.

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Freedom Communications to be Sold to Digital First

03/21/16
Digital First is set to buy the publisher of the Orange County Register, whose offices are pictured here in a 2012 photo.
Jae C.
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One Energy Industry Lifeline May Be Running Out of Steam

03/18/16

Energy companies that are struggling to avert bankruptcy have recently been relying on a tool to buy time called a distressed-debt exchange. For some of them, that tactic may not work for much longer.

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Magnum Hunter Learns From Sabine Ruling

03/18/16
Sue Ogrocki/Associated Press

The influence of a New York court’s 

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Next Week in Bankruptcy

03/18/16

On Monday in Santa Ana, Calif., the publisher of the Orange County Register will ask a bankruptcy judge to approve its sale to Tribune Publishing Co. for $56 million in cash.

Tribune has been a mainstay in Freedom Communications Inc.’s bankruptcy from the early days of the proceeding, but a new civil antitrust lawsuit from the Justice Department could block the sale.

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