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

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