Patriot Coal Plan Wins Aprroval

Patriot Coal Corp. won a judge’s approval of its chapter 11 bankruptcy plan, which will let it hand over its mines to new owners, 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.”)

The bankruptcy of casino company Caesars Entertainment Corp.’s operating unit, which filed an amended bankruptcy plan Thursday, can’t shield the parent from investor lawsuits, DBR reports via WSJ.

A $338 million fund for victims of an oil-train derailment in Canada is close to winning final approval, the Associated Press reports.

According to Reuters, creditors of San Bernardino, Calif., aren’t happy with the company’s proposed debt-payment plan.

Puerto Rico’s congressman wants a U.S. guarantee on Puerto Rico’s debt, Reuters reports.

(And don’t forget to check out our blog post on Dow Charney facing setbacks in his defamation lawsuits against American Apparel Corp.)

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