The Daily Docket: Bankruptcy Judge Has Harsh Words for Caesars

A federal bankruptcy judge dispensed harsh words for Caesars Entertainment Corp. and its private-equity owners Wednesday, marking the second time this month a federal judge has called into question financial maneuvers the owners made before putting the casino company’s largest unit into bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Trump Entertainment Resorts Inc.’s unsecured creditors want a bankruptcy judge’s blessing to sue investor Carl Icahn, who is poised to own the casino company under its current restructuring proposal, DBR reports in WSJ.

The official winding down Lehman Brothers Holdings Inc.’s brokerage business said Wednesday he plans to return another $2.2 billion in cash to former employees and other creditors, more than six years after the investment bank’s collapse. Read the DBR article in WSJ.

Japan’s Skymark Airlines Inc. blamed its bankruptcy filing on the weak yen, WSJ reports.

General Motors Co. is rejecting two senators’ request to push off their ignition switch compensation claim deadline, WSJ reports.

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