Relativity Media Sale Faces Obstacles

Film studio Relativity Media LLC’s sale is facing some hurdles from affiliates of Elliott Management.Read the Daily Bankruptcy Review article 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.”)

Energy Future Holdings Corp. won approval to send out its chapter 11 plan to creditors for a vote, DBR reports.

Great Atlantic & Pacific Tea Co. won a bankruptcy judge’s approval to sell 95 of its stores, DBR reports.

According to WSJ, the former owner of Peanut Corp. of America, which has taken a turn in bankruptcy, was sentenced to 28 years in prison for helping to cover up what led to a massive salmonella outbreak.

According to Bloomberg, surfwear retailer Quiksilver Inc. had considered putting “pop-up” shops inside abandoned RadioShack space but ultimately rejected the idea.

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