GM Could Face Punitive Damages on Ignition-Switch Lawsuits

A bankruptcy judge said General Motors Co.  can face punitive damages on defective ignition switch lawsuits in certain circumstances.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.”)

The Archdiocese of Milwaukee Monday won approval to exit bankruptcy, clearing the way for sexual-abuse victims to receive payments from a $21 million settlement, DBR reports via WSJ.

Some creditors of rare-earths miner Molycorp Inc. aren’t happy with the company’s bankruptcy plans, DBR reports via WSJ.

Arch Coal Inc. is talking with creditors about how to restructure its balance sheet, WSJ reports.

Bloomberg reports that Caroline “Dee” Wyly, the widow of Texas billionaire Charles Wyly, said she was being wrongly accused of a tax-avoidance plot by the Internal Revenue so it would have a bigger claim in her bankruptcy case.

Driller Hercules Offshore Inc. exited bankruptcy protection under news ownership, DBR reports.

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