Daily Bankruptcy & Restructuring Newsletter for June 4, 2015

Wall Street Journal: Adviser of Caesars Unit Sees Danger in Lawsuits Continuing Against Parent – Restructuring adviser says if suits prevail, parent would be forced to file for bankruptcy ‘in short order’


Press Release: Patriot Coal Files Motion Outlining Proposed Sale of Substantially All Operating Assets to Blackhawk Mining, LLC, Under Chapter 11 Plan


Wall Street Journal: Ivanhoe Energy Says It Is Now Bankrupt


Press Release: GT Advanced Technologies Extends Solicitation Period in Connection With DIP Loan Facility


Wall Street Journal: Mining Union President Urges Members to Lobby Against Natural Gas Plants

According to the article, United Mine Workers of America President Cecil Roberts threatened a strike if the bankruptcy court allows rejection of the union’s CBAs in the Patriot Coal bankruptcy. “If the judge says our contracts are terminated, we’re going to shut that company down,” Mr. Roberts is quoted as saying.


Bloomberg: Death Bond Investors Risk Total Loss in Life Partners Bankruptcy


Forbes/S&P Capital IQ: US High Yield Volume Hits $35.5B In May As Energy Cos. Return To Market


Wall Street Journal: J.P. Morgan Wins Legal Battle in WaMu Case


Press Release: Verso Announces Resignation of Chief Financial Officer


Business Insider: More layoffs at Quirky, the New York startup that changed its business model after burning through $150 million


Reuters: German maker of Kettcar files for insolvency


Commercial Bankruptcy Investor: Binder & Binder Cash Flow Beats Budget


Wall Street Journal: Retail Stocks Up Despite a Sidelined American Consumer


Business Insider: A devastating Credit Suisse note says Britain’s economy is screwed


Hedgeye: McGough: These Are the Two ‘Ugliest’ Looking Companies in Retail


Bracewell & Giuliani: Australian Indemnitees from the Perspective of US Noteholders


Weil, Gotshal & Manges: You’re Late! You’re Late! For a Very Important Date! Seventh Circuit Holds Bankruptcy Rule 3002(c) Deadline to File Proofs of Claim Applies to Secured Claims


National Law Review: RadioShack; Unitranche Clarity, or Radio Silence? re: Bankruptcy Litigation


NewOak Capital: A Victory for Lenders—for Now

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