Daily Bankruptcy & Restructuring Newsletter for January 14, 2015

What We Are Reading Today

From Court Dockets, Leading Law Firms & Major News Organizations

All About Caesars…

Court Docket: Statement of Petitioning Creditors in Support of Involuntary Chapter 11 Petition Against Caesars Entertainment Operating Company, Inc.

Court Docket: Motion for Appointment of an Examiner With Access to and Authority to Disclose Privileged Materials

Court Docket: Motion of Petitioning Creditors for an Order Staying Any Parallel Proceedings (Specifically, Later-Filed, Parallel Chapter 11 Cases Voluntarily Filed by Caesars)

The Wall Street Journal: Caesars Entertainment Corp.’s largest unit will file its own Chapter 11 bankruptcy petition, as planned, despite an involuntary bankruptcy proceeding initiated against it by bondholders

Commercial Bankruptcy Investor: Wilmington Savings Fund Society Supports Appointment of Examiner for Caesars Entertainment Operating Company, Inc.

Commercial Bankruptcy Investor: LightSquared Files Summary of its Proposed Second Lien Exit Facility

The Wall Street Journal: With Hotel Purchase, Investor Aims to Bring Back Atlantic City – Glenn Straub Buys Revel Hotel After Its Bankruptcy; Plans for Family-Friendly Fun

All About Suntech…

Bloomberg: China’s Suntech Power U.S. Unit Seeks Bankruptcy Protection

Court Docket: First Day Declaration of Suntech’s CRO

SEC Filing: Radio One, Inc. Proposes Amendments to Credit Facility

Mergers & Acquisitions: Turnaround Tuesday: Struggling Health Care Tech Group ActiveCare Sells Contracts, Closes Unit

The Wall Street Journal: Ex-Dewey Leaders Criminal Trial to Start in April

Weil, Gotshal & MangesChesapeake Bond Redemption Case: Ambiguity, Plain Meaning and Value

Report of the National Bankruptcy Conference: Wellness International Ltd. v. Sharif: Stern and State Law Claims and The Constitutional Validity of Consent

The Wall Street Journal: Aereo Employees Denied Bonuses Tied to Bankruptcy Sale

American Bar Association News & Developments: The Cram Down Debate In re: MPM Silicones, LLC

The Wall Street Journal: Energy Future Moves to Open the Bidding on Oncor Again

The Wall Street Journal: Salus Capital Offers RadioShack $500 Million Bankruptcy Loan

Andrew Scurria of Law360: 2nd Circ. won’t rehear decision granting Fairfield Sentry liquidator’s attmept to undo sale of $230M Madoff claim

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