The Daily Docket: Sbarro Begins Restructuring With Quick Pace

Italian fast-food chain Sbarro LLC’s second restructuring in three years is cooking, as a bankruptcy judge granted a number of approvals Wednesday and scheduled an April 25 hearing to review its prepackaged Chapter 11 plan. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Mexican home builder Corporación Geo SAB is preparing to file for bankruptcy protection in Mexico as early as Thursday, WSJ reports.

Steel foundry Pacific Steel Casting Co. has filed for bankruptcy protection in California, telling a judge that it is still struggling after laying off nearly 200 undocumented workers in late 2011. The DBR article is available via WSJ.

LightSquared wants to alter a proposed bonus package for its top executives by removing the regulatory hurdles tied to the payments, DBR reports via WSJ.

According to WSJ, hog producer AgFeed Industries Inc. is in settlement talks with the Securities and Exchange Commission related to a fraud suit against it.

Oleo e Gas Participacoes SA creditors will invest $125 million in the Brazilian oil firm, WSJ reports.

DealBook looks at how lawyers are getting ready for suits against General Motors Co. involving the company’s vehicle recall for faulty-ignition switches.

GM is now saying it detected its ignition-switch issue in 2001, WSJ reports.

American Airlines Group Inc. was sued for allegedly operating a “sham” fuel sales office to avoid paying higher taxes, Reuters reports.

According to Bloomberg, battery maker Exide Technologies wants to hire law firm King & Spalding LLP as special antitrust counsel.

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