The Daily Docket: Indiana Toll Road Approved to Leave Bankruptcy

A bankruptcy judge cleared the operator of the Indiana Toll Road to exit Chapter 11 and continue its hunt for a buyer who can help the company pay off about $6 billion in debt. 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.”)

GT Advanced Technologies Inc . said it needs to settle disputes with Apple Inc. because “protracted litigation against one of the largest corporations in the world with over $100 billion of cash would be challenging and expensive,” DBR reports in WSJ.

A lawsuit accuses pension consultant Gabriel Roeder Smith & Co. of covering up a shortfall in Detroit’s pension plan, DealBook reports.

Sam and Charles Wyly’s wives and children have been added to a fraud suit by the U.S. Securities and Exchange Commission to try to secure $187.7 million plus interest, Bloomberg reports.

The Stockton Record looks at the city of Stockton, Calif.’s $41 million bankruptcy cost.

WSJ has an opinion piece on a judge’s plan to open up evidence in Garlock Sealing Technologies LLC’s asbestos case.

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