The Daily Docket: Revel Auction to Resume Tuesday

An auction to sell Atlantic City, N.J.’s Revel Casino Hotel will resume next week after no winner was chosen Wednesday afternoon. The Wall Street Journal has the Daily Bankruptcy Review article here.

The distribution of $7.3 billion raised in the international bankruptcy liquidation of Nortel Networks Corp. moved a step closer to fruition, but Justice Frank Newbould in Canada and Judge Kevin Gross in the U.S. will issue separate rulings. Read the DBR 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 U.S. Treasury denied allowing “excessive pay” for top executives at General Motors Co. and Ally Financial Inc., Reuters reports.

Brazilian businessman Eike Batista is facing new criminal charges, WSJ reports.

A federal judge in New York will hold a hearing Friday to decide whether to find Argentina in contempt of court for passing a law letting bondholders trade their bonds with Argentine law bonds, the New York Post reports.

Credit Slips does a comparison of bankruptcy mortgage servicing and Ebola.

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