The Daily Docket: Teen Retailer Delia*s to Shut Doors

Teen clothing retailer Delia*s Inc. will file for bankruptcy and shut down after it couldn’t find a merger partner or another source of money to survive after years of steady losses, The Wall Street Journal reports. The retailer’s shelves could start emptying as early as Friday in going-out-of-business sales.

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Retailer Deb Shops filed for Chapter-11 bankruptcy protection on Thursday, abandoned by its owners and likely headed into liquidation, The Wall Street Journal reports. The chain’s 295 stores, mostly located in malls, would need to find a buyer soon to stay alive.

Former IMF head Dominique Strauss-Kahn’s bankrupt hedge fund never made a trade, The Wall Street Journal reports.

A pay day for Howrey LLP creditors could finally be coming soon, The Wall Street Journal’s Law Blog reports. The defunct law firm’s bankruptcy trustee reached a pair of settlements this week—with Howrey’s former Washington, D.C., landlord and a group of ex-partners—that should clear the way for the creation of a debt-repayment plan in the 3 ½-year old case.

Billionaire Paul Singer’s hedge fund has been adding to derivatives trades that would pay off if Caesars Entertainment Corp. defaults, Bloomberg reports citing unnamed sources.

Write to Katy Stech at [email protected]. Follow her on Twitter at @KatyStech