News

Commentary: Municipal Bankruptcy, Atlantic City and Other Games of Chance

05/24/2016 Atlantic City, N.J., is in the midst of a financial crisis that has been in the making for years. Increased competition and a host of unfortunate spending and hiring decisions have led to a state of affairs that currently features the nation’s highest ...[more]

Next Week in Bankruptcy

04/22/2016 [wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-NP655_SANBER_P_20160418181909.jpg" J="//si.wsj.net/public/resources/images/BN-NP655_SANBER_J_20160418181909.jpg" ...[more]

Martin Shkreli-Linked KaloBios Enters Chapter 11

12/30/2015 KaloBios Pharmaceuticals Inc., a company that recently fired Martin Shkreli as chief executive, filed for chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here . ...[more]

Molycorp Warns of Unpaid Debts if Pushed to Liquidate

12/29/2015 Rare-earths miner Molycorp Inc. is pushing for a trimmed-down company that can exit chapter 11 bankruptcy rather than being pushed into a liquidation, saying it would be worth more in the former scenario. The Wall Street Journal has the Daily Bankruptcy ...[more]

Next Week in Bankruptcy

12/18/2015 A federal judge will hear protests on Wednesday from bondholders who say the city of San Bernardino, Calif., shouldn’t leave bankruptcy protection without making a higher repayment offer on roughly $51 million worth of bonds. ...[more]

Children’s Tablet-Maker Fuhu Files for Chapter 11 Bankruptcy

12/07/2015 Children’s tablet-maker Fuhu Inc. filed for chapter 11 bankruptcy protection Monday with a tentative deal to be acquired by Mattel Inc. for $9.5 million. Read the Daily Bankruptcy Review story via The Wall Street Journal . ...[more]

GT Advanced in New Accord With Apple

11/04/2015 GT Advanced Technologies Inc. , a former sapphire supplier to Apple Inc. , reached a new accord on a $439 million with the iPhone maker. ...[more]

Energy Future Holdings Fights $460 Million Interest Claim

10/29/2015 Energy Future Holdings Corp. battled in court Wednesday in a bid to defeat bondholder demands for some $460 million in interest, Daily Bankruptcy Review reports . ...[more]

How a $15 Million Legal Bill Put a Kentucky Town in Bankruptcy

09/30/2015 The Kentucky town of Hillview, a southern suburb of Louisville, gave one reason why it filed for bankruptcy: a multimillion-dollar land dispute with a truck driver training school that has been simmering for a decade. Trucking school officials filed a ...[more]

Alabama Bankruptcy Judge Retires From the Bench

09/16/2015 Thomas Bennett, the judge who oversaw the $4.1 billion bankruptcy of Jefferson County, Ala., has retired from the court and taken a job at a law firm, the latest retirement in a noticeable judicial exodus. Mr. Bennett, 66 years old, joined Bailey Glasser ...[more]

Judge Upholds Judgment Against Rennert and Renco

08/24/2015 A judge upheld a multimillion-dollar judgment against Renco Group and leader Ira Rennert, Daily Bankruptcy Review reports via The Wall Street Journal . ...[more]

U.S. Government Settles With Altegrity in Whistleblower Suit

08/21/2015 The federal government reached a settlement with Altegrity Inc. worth at least $30 million over a whistleblower lawsuit, Daily Bankruptcy Review reports via The Wall Street Journal . ...[more]

Bankruptcy Trustee Sues Transportation Head

08/13/2015 Transportation Secretary Anthony Foxx testifies before Congress in March 2014.  Associated Press A bankruptcy trustee sued U.S. ...[more]

Energy Future Faces Criticism on Bankruptcy Plan

08/12/2015 Energy Future Holdings Corp. faced criticism from creditors Tuesday on its bankruptcy-exit plan. Read the Daily Bankruptcy Review article here . ...[more]

Alpha Natural Resources Can Tap Bankruptcy Loan

08/05/2015 A Komatsu Ltd. bulldozer dumps coal onto a pile at the Brooks Run Mining Co., owned by Alpha Natural Resources Inc., in Cucumber, W.Va., in January 2011. Jon C. ...[more]

Film Studio Relativity Media Enters Bankruptcy, Plans to Sell Itself at Auction

07/31/2015 Ryan Kavanaugh, Relativity Media CEO, takes part in a panel titled “Can Hollywood Speak Chinese?” during the Milken Institute Global Conference in Beverly Hills, Calif., in April. ...[more]

Caesars Can’t Ouickly Appeal Ruling

07/30/2015 John Greim/LightRocket/Getty Images A bankruptcy judge won’t let Caesars Entertainment ...[more]

Baha Mar Contractor, Export-Import Bank of China Want Bankruptcy Tossed

07/29/2015 Construction of the Baha Mar resort on the beach on New Providence island, Bahamas, May 2014. Craig Karmin/The Wall Street Journal The Export-Import Bank o ...[more]