The Daily Docket: Judge Approves Fontainebleau Settlement

A judge approved a settlement between the trustee in charge of Jeffrey Soffer’s failed Fontainebleau Las Vegas casino project and the company’s former directors and officers that will put millions in creditors’ pockets. 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 judge Monday denied a request by GT Advanced Technologies Inc. shareholders to have a voice in the former Apple Inc. supplier’s bankruptcy, though he left open the possibility for the group to come back with a new proposal, DBR reports in The Wall Street Journal.

Japan’s Skymark Airlines Inc. filed for bankruptcy after running low on cash, Bloomberg reports.

Some of Trump Entertainment Resorts Inc.’s unsecured creditors want permission to sue lenders led by Carl Icahn, Bloomberg reports.

Bitcoin miner CoinTerra Inc. filed for bankruptcy amid lawsuits, DBR reports.

Eike Batista resigned of chairman and board member of oil company Óleo e Gás Participações SA, WSJ reports.

American Airlines Group Inc. profited last year and won’t change its strategy because of lower oil prices, WSJ reports.

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