NII Holdings Adviser Says No Litigation Estimate Made

A NII Holdings Inc. financial adviser said creditors received no specific estimates on the potential cost of litigation of certain disputed claims, a key sticking point in the Latin American Nextel carrier’s bid to have its restructuring plan approved. 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.”)

The Houston Rockets and Houston Astros sued Comcast Corp. in bankruptcy court, alleging it tried to “financially cripple” a local sports network the company and sports teams co-owned, Bloomberg reports.

According to MoneyBeat, the borough president of the Bronx is calling for the allowance of chapter 9 protections in Puerto Rico.

The Arizona Coyotes are looking at getting a temporary restraining order to stop the city of Glendale from ending its sports arena deal with the team, the Associated Press reports.

Oil and gas producer BPZ Resources Inc. will go to court to seek an emergency order for a sale, Reuters reports.

(And don’t forget to check out our blog post on a bankruptcy watchdog’s efforts for transparency in money given to a fund designed to help victims of a train derailment.)

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