New Gulf Resources Files for Bankruptcy Protection

Tulsa, Okla., energy company New Gulf Resources LLC filed for chapter 11 protection Thursday, the latest in a slew of energy companies to enter bankruptcy. 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.”)

The new LightSquared settled its Global Positioning System lawsuit with Gamin, DBR reports via The Wall Street Journal.

American Apparel Inc. founder and ousted leader Dov Charney is getting closer to a return to the company, Bloomberg reports, with firms that are backing him making nonbinding offers to buy the clothing retailer.

A battle for profits from the reality-TV show “Survivor” has come to bankruptcy court, Bankruptcy Beat reports. Leslie Layne Birtton, who says he helped re-pitch the show after major networks snubbed it, says he is owed money from an entertainment consultant and his bankrupt company, Cloudbreak Entertainment.

A company that wants control of bankrupt New York City Opera Co. will present six performance of Giacomo Puccini’s “Tosca,” the Associated Press reports.

(And check out the shout-out from Poynter on Bankruptcy Beat’s report of the New York newspaper chain that blamed last year’s mega-snowstorm for its bankruptcy.)

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