Hercules Offshore Wins Bankruptcy Plan Approval

Oil and gas driller Hercules Offshore Inc. won approval of its restructuring plan. 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.”)

Walter Energy Inc. sought a new cash order that would appease lenders in an effort to salvage its restructuring, DBR reports via The Wall Street Journal.

As DBR reports via WSJ, the owner of the Columbia House brand won approval to put its assets on the auction block next month.

According to the Associated Press, confirmation of a settlement for victims of a massive oil train derailment that killed 47 people in Quebec has been delayed so its loan opposition can come to an agreement with the bankruptcy trustee for train operator Montreal, Maine & Atlantic Railways Ltd.

According to WSJ, a new bill that subjects Puerto Rican mutual funds to the same regulation of those in the mainland U.S. is expected to be introduced to Congress.

The mall staple pizza chain Sbarros is now looking to become a more “traditional” pizza chain post-bankruptcy, Bloomberg reports.

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