Daily Bankruptcy & Restructuring Newsletter for May 15, 2015

Bloomberg: Tonon Said to Hire Blackstone, Davis Polk for Restructuring

Press Release: Magnetation Announces Commencement of Solicitations for Participation in Debtor-In-Possession Financing Facility

Court Filing: Bankruptcy Court Denies Expedited Consideration of Freedom Industries’ Proposed Plan

Wall Street Journal: Sharp Restructuring Plan Fails to Impress

The Street: The Chilling Thing the Trucking Business Just Said About the Economy

High Yield Bond: JC Penney bonds gain on earnings, loan investors eye call protection

Bloomberg: Puerto Rico Governor, Lawmakers Agree on Revenue Proposal

WTTW Chicago Tonight: Municipal Bankruptcy in Illinois – Should Cities Have the Option?

Chicago Tribune: Judge sets hearing in Chicago pension deal lawsuit

Bloomberg: Blackstone’s GSO Shifts Energy Strategy Toward Performing Assets

Philadelphia Inquirer: State orders power kept on at Revel property

Bloomberg: Vipshop Climbs After Calling Short Seller Allegations Unfounded

Wall Street Journal: SEC Reviews Dubious Avon Bid – Purported offer came in a government filing, sent shares up over 20%; company sees it as hoax

Bloomberg: Stan Druckenmiller Sees ‘Massive’ Problem Caused by Aging

Skadden, Arps, Slate, Meagher & Flom: District Court Decision on MPM Silicones Bankruptcy Case Highlights Risks for Secured Lenders

American Lawyer: Another Las Vegas Mainstay Sees Defections Amid Changing Landscape

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