Daily Bankruptcy & Restructuring Newsletter for March 27, 2015

Lehman Brothers Announces 7th Distribution Percentages…

Court Docket (Bankr. S.D.N.Y.): Notice Regarding Seventh Distribution Pursuant To The Modified Third Amended Joint Chapter 11 Plan Of Lehman Brothers Holdings Inc. And Its Affiliated Debtors

Opinion Issued Regarding 10% First Lien Notes issued by Energy Future Intermediate Holding Company LLC and EFIH Finance Inc.
Court Docket (Bankr. D. Del.): Findings of Fact and Conclusions of Law Regarding Cross-Motions for Summary Judgment

Wall Street Journal: Judge Approves LightSquared’s Restructuring Proposal

M Live: Family Christian Stores bankruptcy in flux after ‘stalking horse’ is withdrawn

Accenture: U.S. Retailers Struggling To Meet Consumer Expectations Around Mobile And In-Store Experience, Accenture Study Finds

BloombergBusiness: American Apparel Ex-CEO Charney Seeks $40 Million in Damages

Reuters: U.S. SEC probes American Apparel on matter related to ex-CEO

Forbes/Debtwire: Vulnerable Oil Producers Tap Restructuring Advisors To Negotiate With Lenders

NewOak Capital: PREPA: “It’s All About That Base”

New York Times: Down but Not Out, a Plucky Formula One Team Returns

Pennsylvania Independent: Nine of Pennsylvania’s 10 largest cities have more pensioners than workers

Detroit News: Missed pension payments sink Detroit Public Schools deeper in debt

Weil, Gotshal & Manges: “Life is Full of Tough Choices”: Sixth Circuit Considers Interplay Between Change of Venue and Choice of Law Rules

Above The Law: Nationwide Layoff Watch: Almost 50 Partners And Staff — But Not Associates — Let Go At A Leading Law Firm

Wall Street Journal: Coming and Going Concerns (Job Changes in the Restructuring Community)

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