The Daily Docket: Miners Appeal Patriot Labor Ruling
The mine workers union that’s been battling with Patriot Coal Corp. for months is appealing a recent court ruling that cleared Patriot to reject its collective-bargaining agreements. Read the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review and DBR Small Cap are daily newsletters 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.”)
Electric-car manufacturer Miles Electric Vehicles filed for Chapter 11 protection, Reuters reports.
Also according to Reuters, shipper Excel Maritime Carriers Ltd. plans to file for bankruptcy.
A bankruptcy judge Monday endorsed Powerwave Technologies Inc.'s decision to abandon Chapter 11 bankruptcy for a Chapter 7 liquidation. Read the DBR article via Total Telecom (sub. req.).
According to The Wall Street Journal, Detroit’s emergency manager, Kevyn Orr, is nearing a concession agreement with two creditors.
Reuters reports that Bank of America Corp. could place its Countrywide Financial in bankruptcy if it isn’t allowed an $8.5 billion settlement with mortgage investors.
WSJ has more on Exide Technologies Inc. ’s bankruptcy filing.
A $3 billion lawsuit filed against General Motors Co. by Dutch auto maker Spyker was dismissed, WSJ reports.
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.
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