Garlock Creditors to Weigh in on Asbestos Settlement

Creditors of Garlock Sealing Technologies LLC who say they were exposed to asbestos won approval to weigh in on a settlement. 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.”)

Berkshire Hathaway Co. subsidiary Russell Brands LLC is proposing to buy the maker of the first “smart” basketball, Bankruptcy Beat reports.

The Federal Reserve said all big banks cleared capital requirements, The Wall Street Journal reports.

A bankruptcy judge Friday will weigh whether a private-client unit of National Bank of Anguilla can keep customer names a secret as it tries to get their money back, Bloomberg reports.

Detroit’s public schools’ proposed budget was released at a public hearing, the Associated Press reports.

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