Daily Bankruptcy & Restructuring Newsletter for January 26, 2015

All About Bitcoin…

Court Docket: Voluntary Chapter 7 Petition filed by Cointerra, Inc.

CoinDesk: CoinTerra CEO: Company ‘Frozen’ Amid Lawsuits and Default

CoinDesk: Data Center Operator Sues CoinTerra for $5.4 Million in Damages

Wall Street Journal: First U.S. Bitcoin Exchange Set to Open [Not Cointerra]

Chapter11Cases.com: Caesars Hit with Complaint by Ad Hoc Group of First Lien Bank Lenders Alleging Impermissible “Buying” of Votes

Wall Street Journal: How Elliott Gained an Edge on Caesars Swaps

Wall Street Journal: Cal Dive Preparing Chapter 11 Filing

Reuters: Moody’s slashes Atlantic City rating on bankruptcy potential

Press Release: BlueMountain Capital Management, LLC Delivers Notice of Default on Certain Notes to Trustee of the HLSS Servicer Advance Receivables Trust

Bloomberg: Pimco-Led Rescue of Batista Startup Seen Faltering on Oil

Press Release: FXCM Provides Business Update

SEC Filing: Venoco, Inc. entered into an amendment to its revolving credit agreement.  The amendment provides for a waiver of Venoco’s performance of certain covenants relating to the ratio of current assets to current liabilities and the secured debt leverage ratio under the agreement as of December 31, 2014, and modifies certain other provisions of the agreement.

The Boston Globe: FairPoint strike reaches 100 days; talks continue

WDET 101.9 FM: Detroit Bankruptcy Judge Steven Rhodes’s address to Walsh College graduates at the Jan. 24, 2015 commencement ceremony

Latham & Watkins: A New Tool for Holdout Bondholders: The Trust Indenture Act

McKinsey & Company: Can long-term global growth be saved?

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