Children’s Tablet-Maker Fuhu Files for Chapter 11 Bankruptcy

Children’s tablet-maker Fuhu Inc. filed for chapter 11 bankruptcy protection Monday with a tentative deal to be acquired by Mattel Inc. for $9.5 million. Read the Daily Bankruptcy Review story via The Wall Street Journal.

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Caesars Entertainment Corp. is lobbying to roll back a Depression-era creditor-protection law that could complicate the casino giant’s financial restructuring, according to the Journal.

The Supreme Court agreed Friday to review Puerto Rico’s moves to restructure public utilities’ debts by enacting its own bankruptcy law, stepping into the territory’s effort to address its fiscal troubles, the Journal reports.

Federal regulators Friday approved LightSquared’s request to transfer its valuable spectrum licenses to a newly formed company, paving the way for the wireless venture to emerge from bankruptcy protection by the end of the year, WSJ reports.

Manhattan prosecutors said Friday they plan to retry a criminal case against former Dewey & LeBoeuf LLP leaders that ended in a mistrial earlier this year, reports WSJ.

In Hillview, Kentucky, residents enjoy free bluegrass music program every Thursday night as the Louisville town bids to cut its debts in in bankruptcy, Bloomberg reports.

Bloomberg reports Abengoa SA is scheduled to meet with its main creditor banks this week as it seeks to line up the funds it may need to avoid insolvency.

Fresh off of a major expansion, iconic San Francisco craft brewery Magnolia Brewing Co. filed voluntarily for Chapter 11 bankruptcy protection last week, the San Francisco Business Times reports.

Write to Patrick Fitzgerald at [email protected]. Follow him on Twitter at @PatFitzgerald23