Judge Says Sabine Can Reject Pipeline Contracts

Sabine Oil & Gas Corp. won approval to reject pipeline contracts made before the price of oil plunged. 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.”)

DBR reports in WSJ on how the failed bankruptcy auction of rare-earths miner Molycorp Inc. is stirring up rancor from bondholders.

Japanese auto supplier Takata Corp. has enlisted restructuring lawyers at Weil, Gotshal & Manges, WSJ reports.

WSJ reports on the declining sales of sporting-goods retailers.

Bloomberg reports on the tumbling share price of Lumber Liquidators Inc. after hedge-fund manager Whitney Tilson, who also noted there s a 50% chance the company files for bankruptcy, said he is betting against it.

Rick Ross is defending his remix of rapper 50 Cent’s “In Da Club” and wants a judge to drop a lawsuit against him, Bankruptcy Beat reports.

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