The Daily Docket: Judge Threatens to Kick Trump Entertainment Out of...

A judge is threatening to boot Trump Entertainment Resorts Inc. out of Chapter 11 bankruptcy, due to the lack of a “reasonable likelihood of rehabilitation” for the gambling company. Read 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.”)

The Associated Press reports on Brookfield canceling its plan to buy Atlantic City, N.J.’s Revel Casino Hotel.

The Wall Street Journal looks into the failed alliance between sapphire maker GT Advanced Technologies Inc. and Apple Inc. and delves into the tech company’s bankruptcy.

The state of Arizona sued General Motors Co., accusing it of hiding ignition-switch defects, Reuters reports.

Caesars Entertainment Corp. is proposing to convert its biggest unit into a real-estate investment trust, WSJ reports.

OW Bunker A/S’s U.S. units want permission to sell more than 150,000 barrels of oil, Bloomberg reports.

The city of San Bernardino, Calif., won’t challenge the state’s pension system to try to reduce obligations, Bloomberg reports.

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