The Daily Docket: Union Protests Trump Bid to Cut Benefits

The union for some 1,140 workers at Atlantic City, N.J.’s Trump Taj Mahal casino who are rallying to save their health-care and pension benefits are now fighting in two places: in the courtroom and on the streets. 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.”)

The abrupt bankruptcy filing by GT Advanced Technologies Inc. earlier this week stunned investors, creditors and partners including Apple Inc., which backed the materials maker for its massive bet on sapphire screen technology, DBR reports via WSJ.

Portugal’s Espirito Santo Financial Group SA filed for bankruptcy after a court in Luxembourg denied its request for creditor protection, WSJ reports.

WSJ looks at the latest in the American International Group Inc. suit, including an argument that former top government officials wrongfully imposed harsh terms to punish the company.

Banks are set to agree on a deal that will help end “too big to fail,” WSJ reports.

(And don’t forget to check out our latest batch of Examiners posts, on Puerto Rico’s turnaround efforts.)

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