News Topic: WSJcomBankruptcyBeat

Nortel Networks Corp .’s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion. Read the Daily Bankruptcy Review story via The Wall Street Journal. ... Read full article

Republic of Texas Brands Inc. , which exited Chapter 11 bankruptcy protection earlier this month, is blazing a new trail in Texas. ... Read full article

Energy Future Holdings Corp. is terminating the restructuring support agreement it brought with it when it filed for Chapter 11 bankruptcy in April and making plans for an auction, according to a Thursday filing with the Securities and Exchange ... Read full article

In this July 27, 2009, photo, Scott Rothstein is shown in his former office. Associated Press More than four years after Scott Rothstein’s ... Read full article

In this Sept. ... Read full article

A customer orders food at the Union Station location of Sbarro in Washington, D.C., in March. Alex Wong/Getty Images The family of ... Read full article

Reuters Two former Dewey & LeBoeuf LLP executives have settled a civil suit brought by the defunct firm’s bankruptcy trustee to recover nearly $22 million, according to a Tuesday court filing. ... Read full article

It’s not one of the multibillion-dollar settlements or multimillion-dollar jury awards designed to spur reform of such allegedly abusive mortgage-servicing practices as falsified court documents, improper fees and other misconduct. But a recent ruling ... Read full article

Four years after emerging from bankruptcy, CLEAR , a biometric identification service that allows customers to zip through security screenings, is preparing to open fast lanes in new airports across the country. According to CLEAR President and Chief ... Read full article

Detroit pension holders approved the bankrupt city’s debt-cutting plan, which will dent their future benefits, The Wall Street Journal reports . ... Read full article

For-profit school company BioHealth College Inc., which operates four Bryman College campuses in California, has filed for Chapter 11 bankruptcy protection. It wasn’t immediately clear Monday what would happen as a result of the Chapter 11 filing. ... Read full article

A federal judge Friday declared a mistrial in a whistleblower lawsuit that questions the safety of thousands of highway guardrail end caps on the nation’s roads. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article

The Indubitable Equivalents play at the House of Blues in Cleveland Indubitable Euqivalents archives For a few hours on Saturday night, Judge Steven Rhod ... Read full article

NextEra Energy Inc. is pitching the board of an Energy Future Holdings Corp. division on a takeover plan that it claims would mean higher recoveries for creditors of the Dallas power company, which is tackling some $42 billion in debt in Chapter 11 ... Read full article

On Tuesday in Manhattan, James River Coal Co. , is scheduled to auction itself off at the offices of its bankruptcy counsel, Davis Polk & Wardwell LLP. Originally scheduled to hold the auction on July 8, James River has been wavering among ... Read full article

Thomas Duignan and Jeffrey Rosenthal have joined the Otterbourg law firm as members of the banking and finance group. The two will coordinate with the workout, distressed debt and insolvency group. Mr. Rosenthal focuses on advising clients on workouts of ... Read full article

The Archdiocese of Milwaukee has been running a tab when it comes to professionals working on its Chapter 11 bankruptcy case, and lawyers for unsecured creditors—chiefly survivors of sexual abuse— say it’s time to pay the bills . ... Read full article

Teen-focused clothing retailer Love Culture Inc. sought Chapter 11 protection Wednesday, citing an overexpansion that left the chain with weakened finances. Read the Daily Bankruptcy Review article here . ... Read full article