The Daily Docket: NII Holdings Skips an Interest Payment

Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review story 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.”)

Exide Technologies has been hit with a grand jury subpoena in connection with a criminal investigation involving its Vernon, Calif., lead-recycling plant. Read the Daily Bankruptcy Review story in The Wall Street Journal.

Credit Suisse Group AG helped sell billions of dollars of securities that ultimately played a role in toppling Portugal’s second-largest bank, The Wall Street Journal reports.

Two attorneys who sued Toyota Motor Corp . over unintended acceleration in vehicles will join a Texas lawyer in suing General Motors Co.  for economic losses, personal injury or deaths tied to the auto maker’s recall of the Chevrolet Cobalt and other older models for a defective ignition switch, WSJ reports.

The owners of Revel Casino Hotel wanted to shut down the Atlantic City casino on Monday, the Associated Press reports.

Momentive Performance Materials, the quartz and silicone maker owned by Apollo Global Management, will embark Monday on a week of hotly contested hearings seeking court approval of a plan to cut $3 billion in debt and exit bankruptcy, writes Reuters.

Detroit plans to sell about $975 million in bonds for retirement costs and some creditor settlements as part of its bankruptcy restructuring plan awaiting approval by a federal judge, Bloomberg reports.