The Daily Docket: Asarco Wins Latest Round Against India’s Sesa Ster...

08/20/14

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy Review.

(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 our homepage, scroll to the bottom and click “try for free.”)

Freedom Industries Inc., the company behind a chemical spill that contaminated a significant swath of West Virginia’s water supply, filed a creditor-payment plan that aims to start resolving the claims brought by those affected by the spill. Read DBR’s Joe Checkler in The Wall Street Journal.

Three weeks after defaulting on its debt, Argentina moved to circumvent a U.S. court order by offering a bond swap that would let it pay bondholders in Argentina instead of in the U.S., WSJ reports.

The Journal looks at troubled fish farmer Nireus Aquaculture SA and the gaps in Greece’s bankruptcy law.

Sam Zell and his former partner Equity International partner Gary Garrabrant are set to face off in emerging markets, reports WSJ.

The estate of Anna Nicole Smith has failed in its final bid to obtain her late husband’s money, seven years after the death of the Playboy model and reality TV star, the Associated Press reports.

MMX Mineracao & Metalicos SA, Eike Batista’s mining company, is looking to unload assets to avoid following the former billionaire’s oil and shipping units into bankruptcy, reports Bloomberg.

After cutting a deal with his biggest creditor, Chicago developer Michael Rose asked a bankruptcy judge to dismiss his Chapter 11 case, Crain’s reports.

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

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