The Daily Docket: Judge Says TelexFree Chapter 11 Must Go to Massach...

A bankruptcy judge Tuesday rebuffed TelexFree LLC’s efforts to keep its Chapter 11 proceedings out of Massachusetts, where most of the company’s assets and operations are based. The Daily Bankruptcy Review article is available 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 federal bankruptcy judge said creditors of Adelphia Communications Corp. can’t claw back $150 million the failed cable television company paid to a Florida utility in a 1999 stock buyback. Read the DBR article via The Wall Street Journal.

A $100 million settlement between the owners of New England Compounding Center, the Massachusetts pharmacy connected to a deadly meningitis outbreak in 2012, and its controlling trustee was filed in bankruptcy court Tuesday. Read the DBR article via WSJ.

According to WSJ, General Motors Co. is offering major discounts on new cars to owners of vehicles involved in the company’s ignition-switch recalls.

Bloomberg reports that Detroit still needs help form state lawmakers to pay obligations as the city’s creditors get read to vote on a debt-cutting plan.

A group of former Howrey LLP partners have agreed to pay more than $4.2 million to the defunct law firm’s bankruptcy estate through a settlement that Howrey’s trustee calls a crucial step toward constructing a plan to pay back creditors, DBR reports via Law Blog.

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