The Daily Docket: Judge Has Concerns Over GM Bankruptcy Shield

A federal judge expressed concerns Tuesday over whether General Motors Co. should be allowed to keep a bankruptcy shield blocking legal claims by some customers seeking damages over a defective ignition switch. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Enterprise software provider Allen Systems Group Inc. filed for Chapter 11 bankruptcy protection Wednesday to implement a balance sheet restructuring agreed to by most of its top-ranking lender, DBR (sub. req.) reports.

RadioShack Corp .’s unsecured creditors say the retailer should have left a suicide note instead of a trail of unanswered questions about opportunities missed to save the business, DBR reports in WSJ.

Atlantic City’s Revel casino wants approval to terminate its sale and try to find a buyer, Bloomberg reports.

Dry-bulk shipper Winland Ocean Shipping Corp. filed for bankruptcy after freight rates collapsed, Reuters reports.

Another California nursing home operation filed for bankruptcy, the New York Times reports.

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