The Daily Docket: Trump Entertainment Showdown Pushed Back a Week

12/04/14
The Trump Taj Mahal Casino is illuminated at dusk in Atlantic City, N.J., Oct. 24.
Reuters

A planned showdown over the fate of Trump Entertainment Resorts Inc. has been pushed back a week, reset to the day before the planned closure of the company’s last remaining casino, the Trump Taj Mahal in Atlantic City. The Wall Street Journal has 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.”)

Victims of a 2012 deadly meningitis outbreak are closer to receiving compensation now that the Massachusetts pharmacy tied to the disease has filed its debt-payment plan in bankruptcy court. Read the DBR article via WSJ here.

A judge approved private-equity fund manager Z Capital Partners’ purchase of the Canyon Ranch Hotel & Spa in Miami Beach, which a Lehman Brothers affiliate put into bankruptcy protection earlier this year. Read the DBR article in WSJ.

The federal government says Sentinel Management’s former chief executive is an “unrepentant con man” who deserves at least 20 years behind bars for defrauding investors, DBR reports via WSJ.

According to WSJ, the lender created from the collapsed Banco Espírito Santo SA, Novo Banco SA, reported more than €72 billion ($88.6 billion) in assets.

Maine’s shuttered Great Northern Paper Co. is selling its assets for $5.4 million to Los Angeles-based investment firm Hackman Capital Partners, DBR reports in WSJ.

Since its 2012 bankruptcy filing, the city of San Bernardino, Calif., has racked up more than $6 million in legal costs, Reuters reports.

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

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