Daily Bankruptcy & Restructuring Newsletter for May 22, 2015

Bloomberg: Patriot Said to Pick Blackhawk Mining as Stalking-Horse Bidder

Moody’s Investor Service: Rating Action – Moody’s downgrades Puerto Rico GDB notes to Ca from Caa1, GOs to Caa2 from Caa1; outlook negative

CFO Magazine: Moody’s Sees Doubling in Energy Firm Defaults

Bloomberg: Life Partners Trustee Alleges Wide-Ranging Death-Bond Fraud

Boston Globe: Regina Pizzeria parent files for bankruptcy

Fortune: Smart gun leader is in chapter 11 style restructuring

Court Docket (Bankr. D. Del.): Opinion Issued in the Nortel Networks, Inc.Bankruptcy on the Motion of the “Ad Hoc Committee of Canadian Employees Terminated Pre-Petition” Seeking Leave to File Proofs of Claim After the Expiration of the Bar Date

Bloomberg: Hedge Fund Vultures to the Rescue in Puerto Rico

Wall Street Journal: Lumber Liquidators CEO Resigns

BostInno: No Sign of Kanye at Karmaloop’s Bankruptcy Bid Deadline

Bloomberg: The Franchisees Are McGrumpy

WSJ Bankruptcy Beat: Delia’s, Coldwater Creek Live on After Stores Close

Bloomberg: A 24-Minute, $19 Billion Wipeout Threatens a Chinese Company’s Solar Dream

Commercial Bankruptcy Litigation: Judge Cox Clarifies Creditor Post-Petition Interest Rates

Bloomberg: Ex-Fortress Manager Said to Plan West Coast Distressed-Debt Fund

Wall Street Journal: Restructuring Community Pays Tribute to Harvey Miller

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