Daily Bankruptcy & Restructuring Newsletter for March 17, 2015

Court Docket (Bankr. D. Del.): RadioShack Corporation’s Notice Regarding Valuation of Stalking Horse Bid

Court Docket (Bankr. D. Del.): RadioShack Corporation’s Notice of Filing of List of Retail Stores Subject to Stalking Horse Asset Purchase Agreement

Wall Street Journal: Ruling Limits Options for Atlantic City’s Revel Casino

SEC Filing: Sabine Oil & Gas Corporation (OTCQB:SOGC) announces that it will not timely file its Annual Report on Form 10-K, but expects to file by March 31, 2015.  Also announces that it has retained financial advisors Lazard and legal advisors Kirkland & Ellis LLP to advise management and the board of directors on strategic alternatives related to its capital structure.

BloombergBusiness: Sabine Bonds Plunge as Forest Oil Purchase Weighs on Results

Press Release: Midstates Petroleum Company, Inc. (NYSE:MPO) announces its financial and operating results for the three months and full year ended December 31, 2014 as well as year-end 2014 proved reserves and related costs, discloses its 2015 guidance for capital expenditures, production and Adjusted EBITDA, and notes that it recently engaged Evercore and Kirkland & Ellis to assist with reviewing all options to improve its liquidity profile and strengthen its balance sheet.

Annual Report: Molycorp, Inc. discloses that “existence of a material uncertainty casts substantial doubt as to our ability to continue as a going concern” and that it has engaged financial and other advisors to assist in restructuring its debt.

Bloomberg: Quicksilver Resources Up Against Deadline on Coupon Payment

South Florida Business Journal: National childcare provider Children of America files Chapter 11

Commercial Bankruptcy Investor: In Surprising Move, Family Christian Withdraws Bankruptcy Sale Motion

Reuters: Andorra, another little country with big banking troubles: James Saft

New York Times Bits: Silicon Valley Investor Warns of Bubble at SXSW

BloombergBusiness: Forest Oil Seen Punishing Bondholders With Rarely Used Loophole

BloombergBusiness: American Apparel Deal Talks With Irving Place Said to Stall

Reuters: Oleo e Gas suspends payment to OSX for Brazil oil-production ship

Wall Street Journal: Ernst & Young Settles Lehman Suits With New Jersey, California Municipalities

Weil, Gotshal & Manges: The Sale of Litigious Rights in an Insolvency Context – A Civil Law Approach

Wilson Sonsini Goodrich & Rosati: Proposed 2015 Amendments to the Delaware General Corporation Law

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