The Daily Docket: Detroit Judge Approves $178 Million in Fees

02/13/15
In this July 18, 2013, file photo, the Detroit skyline rises behind the Monument to boxer Joe Louis, also known as “The Fist.”
Paul Sancya/Associated Press

A bankruptcy judge approved the nearly $178 million in fees paid to the army of lawyers, consultants and other advisers who worked on Detroit’s historic bankruptcy, the most expensive municipal restructuring in U.S. history. Read 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.”)

Two former Freedom Industries officials facing criminal water pollution charges agreed to plead guilty in connection with the government’s case over a chemical leak that contaminated the water supply for 300,000 people in West Virginia last year. The Wall Street Journal has the DBR article here.

The Family Christian retail chain has filed for bankruptcy after sales have fallen for years, DBR reports.

General Motors Co. is worried a stock buyback would hurt credit ratings, WSJ reports.

The energy sector is drawing investors in distressed securities, WSJ reports.

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

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