Daily Bankruptcy & Restructuring Newsletter for June 16, 2015

SEC Filing: Molycorp Elects To Take Advantage of 30-Day Grace Period on $3.36 Million Semi-Annual Interest Payment on its 3.25% Senior Unsecured Convertible Notes Due 2016

SEC Filing: Sabine Oil & Gas to Continue Creditor Discussions and Announces Decision Not to Make Interest Payment

Bloomberg: Millennium Loan Plunges as Lab Tester Negotiates U.S. Settlement

Court Docket (Bankr. D. Del.): New Opinion Issued in Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. v. UMB Bank, N.A., as Indenture Trustee, United States Bankruptcy Court for the District of Delaware Adversary Proceeding Case Number 14-51002 (CSS)

New York Times: Gap Will Close 175 Stores, Hoping to Climb Out of a Slump

Reuters: Michigan county selling notes amid possibility of bankruptcy

High Yield Bond: Niska Gas bonds, shares soar on sale of co. to Brookfield

Bloomberg: Uchumi Fires CEO Who Rescued Kenyan Retailer From Bankruptcy

Arizona Republic: PetSmart plans layoffs

New York Times: S.E.C. Finds Itself in a Constitutional Conundrum

Wall Street Journal: Former AIG Chief Hank Greenberg Wins Moral Victory in Bailout Trial

Press Release: Federal Reserve releases statement on court’s decision in Starr International Company, Inc. v. the United States

McKinsey & Co.: Getting organizational redesign right – Companies will better integrate their people, processes, and structures by following nine golden rules

Harvard Business Law Review Online: Losing Momentive – A Roadmap to Higher Cramdown Interest Rates

Weil, Gotshal & Manges: Professionals Are Not Entitled to Fees for Defending Fee Apps

Congrats to our hometown Chicago Blackhawks – Stanley Cup Champions!

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