The Daily Docket: Detroit Nears Bond Insurer Deal

The bankrupt city of Detroit is in advanced talks with some bond insurers to strike a deal as early as Wednesday in efforts to build more momentum for its plan of reorganization, the Wall Street Journal reports.

American Airlines Group Inc. distributed the last big chunk of its payout to its bankrupt predecessor’s shareholders, delivering them a windfall that was even more enormous than previously expected, via WSJ.

James River Coal is considering selling its assets during its Chapter 11 restructuring. Read Daily Bankruptcy Review’s story here.

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After the bankruptcy filing of Bitcoin exchange Mt. Gox, the U.S. Justice Department wary of the virtual currency, Reuters reports.

Bloomberg reports on Greenwich Lane, an apartment complex under construction at the site of the shuttered St. Vincent’s Hospital.

The Illinois legislature voted to raise the amount that thousands of Chicago city employees must contribute to the retirement system and reducing future cost-of-living increases for retirees in an attempt to tackle the pension problems before the pension fund runs out of money, WSJ reports.

Former Ole Miss football player Abner White’s restaurant chain, Abner’s Famous Chicken Tenders, filed for Chapter 11 bankruptcy, WTVA reports.

Write to Stephanie Gleason at [email protected]. Follow her on Twitter at @stephgleason.