Relativity Executive Bonus Details to Remain Secret

A judge approved about $1.6 million in bonuses for some Relativity Media LLC employees, but the details will remain silent.Read the Daily Bankruptcy Review 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.”)

Japanese shipper Daiichi Chuo KK filed for bankruptcy with debts of more than ¥120 billion ($1 billion) and plans to delist its stock shares, Bloomberg reports.

According to The Wall Street Journal, Republic Airways Holdings Inc. reached a tentative three-year contract with pilots that, if approved, will allow it to avoid bankruptcy.

Officials from Puerto Rico on Tuesday will testify on the island’s debt crisis in front of a Senate panel, DealBook reports.

Tissue and paper-making mill Lincoln Paper and Tissue filed for bankruptcy with plans to keep operations going during its chapter 11, the Associated Press reports.

According to Reuters, former executives of Italian airline Alitalia were given jail time over the company’s 2008 bankruptcy.

Baha Mar contractors were “lulled into abnormal payment practices” when working on the resort, according to the Bahamas Tribune.

(And don’t forget to check back this week for our latest Examiners posts, on whether an old bond law is complicating restructurings.)

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