The Daily Docket: Shipper Nautilus Holdings Enters Bankruptcy

Nautilus Holdings Ltd., a container shipping venture led by Andreas Papathomas, filed for bankruptcy protection, the latest victim of too much debt and a downturn in the shipping industry. 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.”)

Source Home Entertainment LLC filed for Chapter 11 protection Monday after failing to reach a deal to save its magazine distribution business, DBR reports.

Brookstone Holdings Corp. won a judge’s approval on Monday to sell itself to a consortium of Chinese investors that plans to continue operating the majority of the specialty retailer’s 240 stores after the company exits bankruptcy. Read the DBR article via The Wall Street Journal.

According to Reuters, lawmakers in California approved a measure to ease the use of alternative currencies like bitcoin.

Former Los Angeles Dodgers owner Frank McCourt bought a 50% stake in horse jumping series Global Champions Tour, Bloomberg reports.

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