Daily Bankruptcy & Restructuring Newsletter for February 9, 2015

Altegrity, Inc. Files for Bankruptcy…

Court Docket (Bankr. D. Del.): Declaration of Jeffrey Campbell, President and Chief Financial Officer of Altegrity, Inc., in Support of Chapter 11 Petitions and First Day Pleadings (Attaches Copy of Proposed Restructuring Support Agreement)


Court Docket (D.P.R.): Opinion of District Judge Besosa in Franklin California Tax-Free Trust v. Commonwealth of Puerto Rico and BlueMountain Capital Management, LLC v. Alejandro J. Garcia-Padilla, where plaintiffs were seeking a declaratory judgment that the Puerto Rico Public Corporation Debt Enforcement and Recovery Act is unconstitutional.


Credit Slips: Puerto Rico Preemption


Court Docket (3rd. Circuit Court of Appeals): Granting a limited stay of a portion of the Revel AC sale order pending appeal


Court Docket (Bankr. D.N.J.): Polo North Country Club, Inc.’s Emergency Motion to stay and/or extend the closing date for the purchase and sale of the Revel AC assets pursuant to the Court’s January 8, 2015 Sale Order and the Asset Purchase Agreement


Debtwire: Allied Nevada retains financial advisor, seeks to delever

Bloomberg Business: Swap Gone Bad Said to Push Allied Nevada Gold to Hire Moelis


Re/Code: Fab.com’s Fire Sale Should Close This Month


Reuters: Towergate board approves bondholders’ restructuring plan



Fast Company: The Rise – Yes, Rise – of RadioShack


The Detroit News: Wayne County threatens Detroit bankruptcy deal


Wall Street Journal: Shut-Down Gas Driller Is in Bankruptcy to…Reopen?


Weil, Gotshal & Manges: Investors Prepare to Pounce on Possible Uptick in Restructurings


Weil, Gotshal & Manges: Drilling Down: A Deeper Look into the Distressed Oil & Gas Industry Part 3—The Ability to Assume or Reject Oil and Gas Leases

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