WSJcomBankruptcyBeat

Corporate Bankruptcy Filings Rise Nearly 13% in January

02/05/16
People wait to enter U.S. Bankruptcy Court in New York Feb. 2, 2010.
Brendan McDermid/Reuters

The number of U.S.

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Rich Dad Broke Dad?

02/05/16

A seminar promoter owed nearly $24 million for arranging speaking gigs for Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” is fighting for access to a secret lawsuit.

Lawyers for Learning Annex LLC, which has accused Mr. Kiyosaki of moving “tens of millions of dollars plus other lucrative assets” among his companies to avoid making royalty payments, are now arguing to unseal an August 2014 lawsuit that appears to cover similar ground.

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Next Week in Bankruptcy

02/05/16

Ahead of a long weekend, companies are looking for approval from bankruptcy judges next week on a variety of motions, including one signoff that would largely conclude an old dispute.

On Monday, J.P. Morgan Chase & Co. and the remnants of Lehman Brothers Holdings Inc. will ask for approval of a $1.42 billion settlement that resolves claims that J.P. Morgan illegally siphoned billions of dollars from Lehman before its collapse.

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KaloBios Won’t Get Bankruptcy Trustee to Oversee It

02/05/16

A judge rejected a request to have a trustee oversee the bankruptcy case of KaloBios Pharmaceuticals Inc., which fired Chief Executive Martin Shkreli after he was arrested on securities-fraud charges. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Pharma Company KaloBios Still Looking to Buy Chagas Disease Drug

02/04/16

KaloBios Pharmaceuticals Inc., the company that fired ex-Chief Executive Martin Shkreli after he was arrested for securities fraud, is still in talks to buy a drug that treats Chagas disease. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Caesars Tackles Gordon Ramsay Restaurants in Bankruptcy

02/03/16
Gordon Ramsay attends the FOX 2013 Summer TCA press tour at the Beverly Hilton Hotel on Thursday, Aug.
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Natural-Gas Company Peregrine Midstream Enters Chapter 11

02/03/16

Natural-gas company Peregrine Midstream Partners LLC filed for chapter 11 protection a few months before a new facility was set to be completed. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Zinc Producer Horsehead Holding Files for Chapter 11

02/02/16

Zinc producer Horsehead Holdings Corp. filed for chapter 11 Tuesday because of weak demand for base metals and low commodities prices. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Martin Shkreli’s Failed Last Play for a Pharmaceutical Coup

02/01/16
Martin Shkreli, center, leaves the courthouse after his arraignment in New York on Dec.
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Put the ‘Community’ Back Into Community Hospital Bankruptcies

02/01/16

When a community hospital closes or is sold to a for-profit operator, there is a loss to the community. Despite protestations by for-profit operators, a community loses something of value by the conversion of a nonprofit hospital to a for-profit hospital. The mission statements are different. The question is how the loss gets valued and whether the community is compensated for the loss.

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