Daily Bankruptcy & Restructuring Newsletter for January 30, 2015

Press Release: Dendreon Reaches Agreement for Valeant to Serve as “Stalking Horse Bidder” in Court-Supervised Sales Process

Court Docket: Dendreon’s emergency motion for entry of an order (a) approving Valeant Pharmaceuticals International, Inc. as the stalking horse bidder for the sale of all or substantially all of the Debtors’ non-cash assets and authorizing bid protections in connection therewith and (b) rescheduling the hearing to approve the sale


Press Release: Jones New York to Pursue Strategic Alternatives for Brand; Will Discontinue Wholesale and Outlet Businesses


Press Release: Kate Spade & Company Announces Plan to Focus Investment on kate spade new york and Provides Preliminary 2014 Results and 2015 Summary Guidance


S&P Capital IQ: J.Crew High Yield Bond Debt Slips in Trading After Company COO Resigns


Philly.com: Hard Rock Intl. CEO says company still interested in Revel


Financial Planning: Auditor of REITs in Schorsch’s American Realty Capital Resigns


SEC Filing: KPMG Resigned as Advanced Emissions Solutions, Inc.’s Independent Accounting Firm.  Quoting the Current Report, in part: “In addition, KPMG expressed to management and the Audit Committee its concern that there is an inappropriate tone at the top, discontent with the Company’s timeliness and responsiveness to its requests for information and inability to determine whether management has made available all financial records and related data. In giving the Company its resignation notice, KPMG referenced the issues noted above and its inability to rely on management’s representations.”


San Antonio Business Journal: Segrest Saltwater Resources files for Chapter 11 bankruptcy


Milwaukee Journal Sentinel: SupplementWarehouse.com files for bankruptcy reorganization


AutoBlog: Court vacates Spyker bankruptcy, plans for merger, Venator and electric cars


Wall Street Journal: Coming and Going Concerns

Daily Bankruptcy & Restructuring Newsletter for January 29, 2015

Court Docket (Bankr. D. Del.): Order Determining Appropriate Venue for Caesars Entertainment Operating Company, Inc. et al. Bankruptcy Cases

Bloomberg Business: Caesars Wins Bid to Move $20 Billion Bankruptcy to Chicago


New York Times: Revenge Retail Gone Awry? Tory Burch’s Ex-Husband Describes C. Wonder’s Fall


Press of Atlantic City: Revel, Atlantic City reach deal to slash 2015 taxes


Dow Jones Business News: Judge Says SkyMall Can Stay Open Online Pending Sale


Bloomberg Business: Trump Entertainment Gets Approval for $20 Million Icahn Loan


Reuters: Japanese carrier Skymark files for bankruptcy, blames Airbus


Chicago Tribune: Sears cuts 115 jobs in effort to reduce expenses


Reuters: Troubled China property firm Kaisa appoints Houlihan Lokey to formulate a plan that will be agreeable to all its creditors as the indebted company struggles with the risk of defaulting on its credit


S&P Capital IQ: Budgeting With Revenues Growing Means California Must Confront Its Past


Commercial Observer: Slippery Situation: Oil’s Potential Impact on Real Estate


Bloomberg Business: UBS Distressed-Debt Trader Einhorn Said Leaving to Start Fund


Skadden, Arps, Slate, Meagher & Flom LLP: Trends in Chapter 11 Filings, Venue and Proposed Reforms

Daily Bankruptcy & Restructuring Newsletter for January 28, 2015

Bloomberg: Caesars to Hear Whether What Happens in Delaware Stays There


Reuters: Atlantic City downgraded again ahead of note sale


Wall Street Journal: GT Advanced Shareholders Denied Role in Bankruptcy


Bureau of Labor Statistics/U.S. Department of Labor: Regional and State Employment and Unemployment – December 2014


Los Angeles Times: SkyMall’s bankruptcy had less to do with its absurd catalog than you think


Mergers & Acquisitions: Distressed Company Watchlist


Trepp: Update: Potential Loss on Richmond Retail Loan Continues to Grow


Mergers & Acquisitions: Still Troubled, Viggle Gets Another $2M Loan from CEO


Skadden, Arps, Slate, Meagher & Flom: The US High-Yield Market: Balancing Risk and Return in 2015


Orrick: Overview and Analysis of Select Provisions of the ABI Chapter 11 Reform Commission Final Report and Recommendations


Skadden, Arps, Slate, Meagher & Flom: Recent Cases Highlight Potential Pitfalls for Distressed Investors


The George Mason University Municipal Sustainability Project: Sovereignty, Sharing Services, & Rolling the Die

Daily Bankruptcy & Restructuring Newsletter for January 27, 2015

Daily Bankruptcy Review: Cache Hires Pachulski Stang Ziehl & Jones to Help Prepare Bankruptcy Filing


Reuters: Caesars, creditors start unusual trial to pick bankruptcy court


Washington Business Journal: AT&T buys NII Holdings’ Mexico business for $1.9B


Bloomberg: France Seeking Insolvency Law Change to Speed Up Restructuring


Press of Atlantic City: Executive Order No. 171 Appointing an Emergency Manager for Atlantic City, New Jersey


Court Docket (Bankr. M.D. Fla.): Memorandum Opinion & Order Denying FirstBank Puerto Rico’s Emergency Motion for Stay of Confirmation Order Pending Appeal in In re Scrub Island Development Group Limited and Scrub Island Construction Limited


Bloomberg: Defaulting Sugar Producers Signal More Bond Pain to Come


Phoenix Business Journal: Jerry Moyes wins legal fight with NHL over Coyotes losses


The Des Moines Register: Kum & Go, Hy-Vee bid on Dahl’s assets


Wall Street Journal Law Blog: Nixon Peabody to Merge With Smaller Chicago Firm


Press Release: Gap Inc. to Close Smallest Brand, Piperlime

Martifer Aurora Solar, LLC Bankruptcy New Filing Alert: Stipulation Regarding Motion For Approval Of Procedures Regarding Voting On A Plan Of Reorganization Or Liquidation

On January 23, 2015, a stipulation regarding motion for approval of procedures regarding voting on a plan of reorganization or liquidation was filed in the bankruptcy case of Martifer Aurora Solar, LLC and its affiliates.
Continue reading Martifer Aurora Solar, LLC Bankruptcy New Filing Alert: Stipulation Regarding Motion For Approval Of Procedures Regarding Voting On A Plan Of Reorganization Or Liquidation

Garlock Sealing Technologies LLC  Bankruptcy New Filing Alert: Stipulation Regarding Motion For A Protective Order/To File A Pleading Under Seal

On January 23, 2015, a stipulation regarding motion for a protective order/to file a pleading under seal was filed in the bankruptcy case of Garlock Sealing Technologies LLC  and its affiliates.
Continue reading Garlock Sealing Technologies LLC  Bankruptcy New Filing Alert: Stipulation Regarding Motion For A Protective Order/To File A Pleading Under Seal

Howrey LLP (f/k/a Howrey Simon Arnold & White) Bankruptcy New Filing Alert: Stipulation Regarding Motion For An Extension Of A Pending Deadline

On January 23, 2015, a stipulation regarding motion for an extension of a pending deadline was filed in the bankruptcy case of Howrey LLP (f/k/a Howrey Simon Arnold & White) and its affiliates.
Continue reading Howrey LLP (f/k/a Howrey Simon Arnold & White) Bankruptcy New Filing Alert: Stipulation Regarding Motion For An Extension Of A Pending Deadline

O.W. Bunker Holding North America Inc. Bankruptcy New Filing Alert: Stipulation Regarding To Initiate An Adversary Proceeding

On January 23, 2015, a stipulation regarding to initiate an adversary proceeding was filed in the bankruptcy case of O.W. Bunker Holding North America Inc. and its affiliates.
Continue reading O.W. Bunker Holding North America Inc. Bankruptcy New Filing Alert: Stipulation Regarding To Initiate An Adversary Proceeding

The Young Men’s Christian Association of Metropolitan Milwaukee, Inc.  Bankruptcy New Filing Alert: Stipulation Regarding Motion For Authority To Assume And/Or Assign Agreements

On January 23, 2015, a stipulation regarding motion for authority to assume and/or assign agreements was filed in the bankruptcy case of The Young Men’s Christian Association of Metropolitan Milwaukee, Inc.  and its affiliates.
Continue reading The Young Men’s Christian Association of Metropolitan Milwaukee, Inc.  Bankruptcy New Filing Alert: Stipulation Regarding Motion For Authority To Assume And/Or Assign Agreements

S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) Bankruptcy New Filing Alert: Stipulation Regarding Motion For Authority To Assume And/Or Assign Agreements

On January 23, 2015, a stipulation regarding motion for authority to assume and/or assign agreements was filed in the bankruptcy case of S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) and its affiliates.
Continue reading S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) Bankruptcy New Filing Alert: Stipulation Regarding Motion For Authority To Assume And/Or Assign Agreements

News, Analysis & Bankruptcy Court Filings

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