The Daily Docket: GT Advanced Seeks to Pay Bonuses

12/31/14
The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, Calif., in this Sept. 9, 2014 file photo.
Reuters

GT Advanced Technologies Inc., the New Hampshire company that fell into bankruptcy following a failed deal with Apple Inc. is asking to pay millions in bonuses to its senior executives. The Wall Street Journal has 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 our homepage, scroll to the bottom and click “try for free.”)

A bankruptcy judge on Tuesday approved a $26 million tax settlement between Atlantic City, N.J., and the closed Revel Casino Hotel, DBR reports via WSJ.

The Detroit News reports that the city’s bankruptcy fees topped $170 million.

DealBook writes about Montana’s Yellowstone Club bouncing back form bankruptcy.

CMO Today reports that Aereo Inc. subscriptions grew 40% in its last six months in existence.

Bloomberg discusses the American Bankruptcy Institute’s 332-page report on recommended bankruptcy law reforms.

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

[more]