Daily Bankruptcy & Restructuring Newsletter for March 24, 2015

Only Bad Karma for Retailer Karmaloop as it Files for Bankruptcy…

Court Docket (Bankr. D. Del.): Declaration of Interim CFO of Karmaloop, Inc. in Support of First Day Motions

Boston Business Journal: Kanye West among those looking to buy embattled e-commerce firm Karmaloop

Press Release: American Electric Power (NYSE: AEP) To Review Strategic Alternatives For Its Competitive Barge Transportation Business

Wall Street Journal: Former Weil Litigator Nominated as Caesars Bankruptcy Examiner

Arkansas Business: Allens’ Successor Sager Creek Also Faced Financial Trouble

Wall Street Journal: Atlantic City Managers Propose Further Layoffs

Press Release: Chesapeake Energy Corporation Updates Its 2015 Operating Plan in Response to Low Commodity Price Environment

Dallas Morning News: Another top executive leaves J.C. Penney

BloombergBusiness: China’s Internet Boom Starts to Fade

AlixPartners: Return of the Turnaround?  2015 North American Restructuring Experts Survey

Press Release: Highland Capital Management Launches Highland Alternative Investors and Names Michael Gregory Global Head and CIO

Stone & Baxter: ABI Commission Report – More on “Redemption Option Value”

To close, a bit of levity: imagining what a sale hearing with Kanye West might include…

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