The Daily Docket: Texas AG Cites Privacy Concerns in RadioShack Cust...

04/17/15
Tony Gutierrez/Associated Press

Texas Attorney General Ken Paxton says a plan to sell the RadioShack Corp. name and customer lists jeopardizes the privacy promises made during the decades when the company pioneered the field of consumer electronics retailing. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

LightSquared’s bankruptcy has hit another milestone: $2 billion in losses since Philip Falcone’s wireless venture filed for chapter 11 protection in May 2012., DBR reports in The Wall Street Journal.

The energy arm of private equity giant Blackstone Group LP is objecting to Optim Energy LLC’s plan to exit bankruptcy through the sale of its two Texas power plants that it says is designed to benefit only Bill Gates’s private investment firm, DBR reports in WSJ.

Caesars Entertainment Operating Co. wants to extend until Nov. 15 the amount of time it has to file its own reorganization proposal without the threat of rival plans. Read the DBR article in WSJ.

The Internal Revenue Service wants $3.22 billion from businessman Sam Wyly and his deceased brother’s estate, Reuters reports.

Brazilian conglomerate Grupo OAS asked a U.S. bankruptcy judge to help protect its assets from bondholders attempting to interfere with its restructuring efforts abroad, DBR reports in WSJ.

Stephen Lubben discusses via DealBook the possibility of General Electric Co. escaping Dodd-Drank’s Hotel California.

According to WSJ, Espirito Santo’s insolvency receivers put up art and buildings for sale.

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

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