RadioShack’s Junior Creditor File Suit Against Standard General

Junior creditors of the former RadioShack are suing hedge fund Standard General LP to try to get repaid, 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.”)

Ex-Apple Inc. sapphire supplier GT Advanced Technologies Inc. is cutting 40% of its workforce, DBR reports in WSJ.

Patriot Coal Corp. won approval to auction its remaining assets this month, DBR reports.

According to Bloomberg, Moody’s Investors Service is questioning whether the city of Hillview, Ky.—the first city to file for bankruptcy since Detroit—is truly insolvent.

Regulators in West Virginia are concerned about buried debris at the Freedom Industries Inc. chemical spill site, the Associated Press reports.

(And don’t forget to check out our blog post on a “Duck Dynasty”-themed ice tea maker fighting a lawsuit.)

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