Global Maritime Chapter 11 Causes Snags for Harvard Endowment

Global Maritime Investments Cyprus Ltd.’s bankruptcy filing is causing some snags for Harvard University’s endowment manager. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(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.”)

Check out DBR’s update via WSJ on oil and gas company Samson Resources Corp.’s chapter 11 filing.

General Motors Co., which was charged with wire fraud by the U.S. Department of Justice and concealing a deadly safety defect, will pay $900 million to settle criminal charges on its ignition switch defect issues, WSJ reports.

Also according to WSJ, GM settle more than 1,400 lawsuits tied to the defects.

According to MoneyBeat, Samson Resources’ bankruptcy may be part of a trend among oil and gas companies.

Energy Future Holdings Corp. won approval of its chapter 11 support pact, DBR reports in WSJ.

Electric transformer company Baoding Tainwei Group Co. is filing for bankruptcy along with three of its business units, Blomberg reports.

WSJ’s Briefly blog takes a look at all the numbers in the General Motors Co. ignition switch defect saga.

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