Kevin Spacey Won’t Be Relativity Chairman

Hollywood film studio Relativity Media LLC, which released its new film schedule, said actor Kevin Spacey won’t become chairman upon its exit from bankruptcy. 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.”)

Coal miner Foresight Energy LP said it might have to file for bankruptcy if it can’t reach an agreement with lenders out of court, Reuters reports.

Newspaper publisher Freedom Communications Inc. has a $45.5 million lead offer for its assets in an auction set to take place Wednesday, DBR reports.

DBR reports via WSJ on Russian billionaire Vladislav Doronin’s legal win in a dispute with his former business partner in his Aman Resorts hotel chain. The win comes days after creditors tried to push the former owner and defunct shell company into bankruptcy.

Life Partners Holdings Inc.’s former chief executive is accusing an animal shelter to siphon money to his mistress, Bloomberg reports.

Rapper 50 Cent is delaying a disclosure-statement hearing on his reorganization plan until next month, the Hartford Courant reports.

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