The Daily Docket: Energy Future Scraps Restructuring Pact

Energy Future Holdings Corp. is terminating the restructuring support agreement it brought with it when it filed for Chapter 11 bankruptcy in April and making plans for an auction, according to a Thursday filing with the Securities and Exchange Commission. Read the Daily Bankruptcy Review article here.

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A federal grand jury indicted TelexFree LLC co-founders and owners James Merrill and Carlos Wanzeler Wednesday on fraud charges tied to allegations that their company operated a massive pyramid scheme. The DBR article is available on WSJ.

The state of Florida has filed a lawsuit against former executives of Digital Domain Media Group Inc., saying the movie-special-effects company was essentially a Ponzi scheme that defrauded the state out of more than $80 million in job-creation grants. Read the DBR article via WSJ.

General Motors Co. plans to spend at least $400 million to pay victims of the auto maker’s ignition-switch recalls, Bloomberg reports.

According to Reuters, a group of Chinese investors is in talks to buy a stake in failed Icelandic bank Islandbanki.

A U.S. court blocked an auction of bitcoins.com, a domain name owned by Mt. Gox’s chief executive, WSJ reports.

According to WSJ, American Airlines Group Inc. posted its biggest quarterly profit ever.

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