Drama Nears End for Sports Authority and Consignment Suppliers

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A settlement between Sports Authority and its consignment suppliers is on the horizon in a deal that looks to resolve more than 160 lawsuits. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

SunEdison subsidiary TerraForm says its parent diverted funds, and it is seeking $231 million, WSJ reports.

Online retailer Beyond the Rack filed for creditor protection in Canada, WSJ reports.

Bankruptcy Beat reports on the formation of distressed lender Encina Business Credit, which wants to fill a void left by major players who have stepped back from asset-based financing.

Stephen Lubben has some initial thoughts on the Puerto Rico draft bill (via Credit Slips).

A WSJ opinion piece delves into crashing oil prices and how they have affected the energy industry.

(And don’t forget to check out the latest moves in the bankruptcy professional world.)

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