The Daily Docket: Denmark’s O.W. Bunker U.S. Units File for Chapter ...

Denmark’s O.W. Bunker AS on Thursday placed its U.S. subsidiaries in Chapter 11 bankruptcy, just days after the shipping fuel supplier said it had discovered a $125 million fraud committed by senior employees at its Singapore unit. Read the Daily Bankruptcy Review story in the Wall Street Journal.

(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.”)

Colt Defense LLC warned that it could default by the end of the year, as the privately owned company, which has suffered from declining demand for rifles and handguns, is likely to miss a payment to bondholders. Read DBR’s Stephanie Gleason’s story in the Journal.

A Swiss bank tied to the collapsed Espírito Santo empire may withdraw from a U.S. Justice Department program designed to find hidden American accounts as it focuses instead on reimbursing clients, according to people familiar with the matter, WSJ reports.

Lawyers for the defunct Foxwoods project – whose license to build a casino in Philadelphia was revoked four years ago – are scheduled to square off against lawyers for the state over the $50 million license fee Foxwoods paid in 2007, the Philadelphia Inquirer reports.

Trump Entertainment Resorts said it will close the Taj Mahal on Dec. 12 if its main union doesn’t drop an appeal of a court-ordered savings package, the Associated Press reports.

The New York Post reports Apollo Global Management and Metropoulos & Co. are preparing to shop the much smaller but profitable bakery outfit for $1.5 billion—more than triple the $410 million they paid for it.

New Jersey’s Renault Winery in Egg Harbor filed for Chapter 11 bankruptcy protection Thursday, the Press of Atlantic City reports.

The rise in law firm mergers is creating a host of conflicts for companies, reports Reuters.

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