Patriot Coal Judge Urges Union, Buyer to Continue Talks

A judge “strongly” recommended that Patriot Coal Corp.’s buyer and its miners’ union keep engaging in bargaining talks, Daily Bankruptcy Review reports 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.”)

Puerto Rico’s power authority, Prepa, reached a restructuring deal with bondholders, WSJ reports.

Bloomberg reports that Republic Airways Holdings Inc. might be getting closer to a possible bankruptcy after national Teamers backed the company’s pilots union on not voting on a final contract offer.

According to Law Blog, the defense team for three former Dewey & LeBoeuf LLP lawyers failed to get their financial fraud case thrown out.

Bankruptcy Beat reports on Marcus Lemonis relinquishing his Crumbs stake to Dippin’ Dots owner Fischer Enterprises LLC.

Bodybuilding supplement maker Ultimate Nutrition Inc. is suing the Mr. Olympia contest organizers to try to restrict their ability to get other sponsors, Bankruptcy Beat reports.

(And don’t forget to check out our blog post on sexual-abuse victims of the Twin Cities archdiocese seeking to restrict access the church has to claims.)

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