Solar Power Company SunEdison Enters Bankruptcy
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SunEdison Inc. filed for chapter 11 protection, saying it wants to curb a major global expansion fueled by debt. Two of the solar-energy company’s publicly traded subsidiaries say they won’t file for bankruptcy The Wall Street Journal has the Daily Bankruptcy Review article 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.”)
Teen clothing company Aerpostale Inc. said it plans to file for bankruptcy as soon as this month, Bloomberg reports.
Casino workers’ union Unite Here says private-equity firms Apollo Global Management and TPG shouldn’t be able to vote at an annual shareholder meeting for Caesars Entertainment Corp. because of questions raised by an investigation, DBR reports in WSJ.
New Jersey abortion clinic Pilgrim Medical Center Inc. filed for bankruptcy after losing a lawsuit brought by three former employees who said they were fired after getting pregnant, Bankruptcy Beat reports.
Florida cardiologist Aaid Qamar, who recently has been among the highest billers in the Medicare program, filed for bankruptcy, DBR reports in WSJ.
The Portland Press Herald reports on the bankruptcy filing of Maine-to-Nova Scotia ferry service Nova Star Cruises.
MoneyBeat shows some of the hedge funds that bet on SunEdison.
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa
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