WSJcomBankruptcyBeat

The Litigation in Caesars’ Bankruptcy Case is Decadent and Depraved

06/03/15
Caesars Palace Hotel & Casino is pictured on the Las Vegas Strip Thursday, Jan.
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Patriot Coal Makes Sale Deal With Blackhawk Mining

06/03/15

Patriot Coal Corp. has lined up a deal to sell most of its operating mines to Blackhawk Mining LLC. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Rival Bidders in Talks On Reviving New York City Opera

06/03/15
City Opera performers bow at the final performance of ‘Anna Nicole’ on Sept.
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Energy Future Wins More Time to Get Chapter 11 Plan Support

06/02/15

A U.S. bankruptcy judge on Monday granted Energy Future Holdings Corp. more time to round up support for its chapter 11 plan, as creditors and potential bidders circle its valuable transmissions unit, Oncor. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Indiana Toll Road Leaves Bankruptcy

06/01/15

A toll road that runs across northern Indiana exited bankruptcy protection and will now be operated by Australia’s IFM Investors. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Next Week in Bankruptcy

05/29/15

On Wednesday, biofuel maker KiOR Inc. will go before a Wilmington, Del., bankruptcy judge to seek final approval of its chapter 11 reorganization plan.

Under the proposed plan, KiOR will turn over control of its business to lender Pasadena Investments LLC—a company affiliated with venture capitalist and KiOR co-founder Vinod Khosla—in exchange for $16 million in debt forgiveness.

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Richard Fuld Still Doesn’t Think Lehman Was Really Bankrupt

05/28/15
Bloomberg News

Nearly seven years since the collapse of Lehman Brothers, former chief Richard Fuld Jr. is still in the first stage of grief—denial.

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Lehman’s Fuld, 7 Years Later, Says ‘Perfect Storm’ Caused Crisis

05/28/15

Richard Fuld Jr., the man at the helm of Lehman Brothers Holdings Inc. when it collapsed in 2008, said a “perfect storm” of events caused the financial crisis.

Among the contributing factors Mr. Fuld listed Thursday were government officials who pushed for lower home-lending standards and homeowners who used their equity on their homes “as ATM accounts.”

“It’s not just a one single thing, it’s all these things taken together,” he said.

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Caesars Entertainment Allowed to Keep Control of Bankruptcy

05/28/15
Caesars Palace Hotel & Casino is pictured on the Las Vegas Strip in January 2015.
Isaac Brekken for The Wall Street Journal

A judge on Wednesday said Cae

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