Lynn Tilton and Patriarch Win Minor Victory

[wsj-responsive-image P="//art.wsj.net/api/photos/31690525/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/31690525/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/31690525/smartcrop?height=853&width=1280" caption="Lynn Tilton speaks with her attorneys after her hearing at the U.S. District courthouse in New York, May 11, 2015. A" credit="Reuters" placement="Inline" suppressEnlarge="false" ]

Private-equity chief Lynn Tilton and her Patriarch Partners LLC won a minor victory Thursday in a probe over the past finances of ambulance company TransCare Corp., which Patriarch once controlled. 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.”)

Union workers voted to strike at Atlantic City, N.J., casinos, DBR reports in WSJ.

Bankruptcy Beat reports on another payout soon to be received by Bernard Madoff investors. The payout will bring total recoveries near $9.5 billion.

Regulators are pushing back on their right to use the “too big to fail” label. DealBook reports.

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