WSJcomBankruptcyBeat

Anti-Trump Super PAC Airs Radio Ad in New Hampshire

12/31/15
Donald Trump acknowledges the crowd before addressing supporters at a campaign rally in Grand Rapids, Mich., on Dec.
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Greg Norman Hedge Fund Bids on Nabi Maker Fuhu

12/31/15

Great White Shark Opportunity Fund LP, a hedge fund founded by Austrlian golf star Greg Norman, made an 11th-hour bid Wednesday for Fuhu, the producer of the Nabi kids tablet. The $10 million bid beats an offer from children’s toy giant Mattel Inc. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Martin Shkreli-Linked KaloBios Enters Chapter 11

12/30/15

KaloBios Pharmaceuticals Inc., a company that recently fired Martin Shkreli as chief executive, filed for chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Molycorp Warns of Unpaid Debts if Pushed to Liquidate

12/29/15

Rare-earths miner Molycorp Inc. is pushing for a trimmed-down company that can exit chapter 11 bankruptcy rather than being pushed into a liquidation, saying it would be worth more in the former scenario. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Failed Golf Channel Back9Network Files for Bankruptcy

12/28/15
Back9Network, a golf channel that briefly aired on DirecTV, has filed for bankruptcy with a $2 million offer for a smartphone app that mapped out more than 35,000 golf courses around the world.
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San Bernardino’s Chapter 9 Plan Rejected

12/28/15

A bankruptcy judge last week rejected San Bernardino, Calif.’s plan to leave chapter 9 bankruptcy. The plan proposes to repay a fraction of the city’s debt instead of raising taxes. The Wall Street Journal has the Daily Bankruptcy Review article here.

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No More Rdio Silence as Pandora Wins Approval to Buy Streaming-Music Company

12/24/15

Pandora Media Inc. won approval to buy the assets of fallen streaming-music company Rdio Inc. for $75 million. The Wall Street Journal has the Daily Bankruptcy Review article here.

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50 Cent Sues Rick Ross Over Mixtape

12/23/15
Rapper Curtis James Jackson III, also known as 50 Cent, leaves court after testifying in front of the jury about his finances in July. Mr.
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Columbia House Wants to Return to Vinyl Roots

12/23/15

Former mail-order music giant Columbia House, whose only sales now belong to a flailing DVD business, wants to return to its vinyl roots. The Wall Street Journal has the Daily Bankruptcy Review article here.

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