Daily Bankruptcy & Restructuring Newsletter for March 31, 2015

Court Docket: Karmaloop filed its bankruptcy sale motion and the stalking horse bidder is . . . not Kanye West (it is Comvest Capital as agent for the senior lenders)

Bloomberg: RadioShack Judge Extends Hearing With 7,000 Jobs at Stake

Wall Street Journal: Puerto Rico Extends Deadline

Bloomberg: Atlantic City Requests 60-Day Extension of New Jersey Loan

Debtwire: Atlantic City’s luck may have run out

Trepp: Another Grocery Chain Announces Closures; Detroit Metro Mall to Special Servicer

Bloomberg: Harbinger Investor Suit Over Lightsquared Dismissed by Judge

Press Release: SEC Announces Fraud Charges Against Investment Adviser Accused of Concealing Poor Performance of Fund Assets From Investors

SEC Administrative Proceeding: Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(e), 203(f) and 203(k) of the Investment Advisers Act of 1940, and Section 9(b) of the Investment Company Act of 1940, and Notice of Hearing (In the Matter of Lynn Tilton; Patriarch Partners, LLC; Patriarch Partners VIII, LLC; Patriarch Partners XIV, LLC; and Patriarch Partners XV, LLC)

Wall Street Journal: SEC Files Fraud Charges Against Lynn Tilton, Patriarch Partners

Federal Reserve Bank of St. Louis: How Long Until “Slack” Is Out of the Labor Market?

Bloomberg: Connacher Lenders Find Advocate in Ex-U.S. Bankruptcy Judge

Brookings Institute & Ben Bernanke: Why are interest rates so low?

IndyStar: Proposed South Bend casino gives competitors jitters

Bloomberg: Bond Traders Fear Oct. 15-Style Volatility Could Repeat

Troutman Sanders: Fannie Mae and Freddie Mac: 2014 Progress Report

Buchanan Ingersoll & Rooney: Third Circuit Finds Settlement Agreement to be Plan Modification

Benesch: Delaware Proposing New Rapid Arbitration Act

Lowenstein Sandler: SEC Finalizes Long-Awaited “Regulation A+” Offering Reforms

Bloomberg BNA: Mid-Market Mergers Abound: Dykema Ties Up With Texas Firm

Leave a Reply