Altegrity Executives Got Payout Before Firm’s Bankruptcy

Newly released court records show that Altegrity Inc., a company linked to some notable U.S. security stumbles of recent years, shelled out $25.7 million to top executives the year before it filed for bankruptcy protection. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Corinthian Colleges Inc. is ending operations and closing its remaining 28 campuses, WSJ reports.

Salus Capital’s co-founder and chief executive left following losses from a $250 million RadioShack Corp. loan, Bloomberg reports.

General Motors Co. Chief Executive Mary Barra earned $16.2 million last year, WSJ reports.

Atlantic City, N.J., got a mediator—former bankruptcy judge Donald Steckroth, Reuters reports.

The New York Times looks at how private equity firm Providence Equity Partners grew too fast.

Washington Wire reports on the possibility of Michigan Gov. Rick Snyder making a presidential bid.

LyondellBasell Industries NV’s profit is growing, but revenue is worse than expected, WSJ reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa