Rdio & Restaurant Chain File for Bankruptcy, SFX & Verso at Risk?

Court Docket (Bankr. N.D. Cal.): Voluntary Chapter 11 Bankruptcy Petition Filed by Rdio, Inc.

Press Release: Pandora to Acquire Key Assets from Rdio

Court Docket (Bankr. N.D. Ohio): Declaration of Chief Executive Officer and President of Lube Holdings, Inc. (d/b/a Quaker Steak & Lube®) in Support of Bankruptcy Filings

New York Business Journal: Music promoter SFX on bankruptcy watch after rough third quarter

Press Release: Verso Corporation Reports Third Quarter 2015 Results, States “As a result of our cash flow and liquidity concerns, we have begun evaluating potential restructuring alternatives.  We have engaged PJT Partners L.P. to provide us with restructuring and transactional services and O’Melveny & Myers LLP to provide us with restructuring legal advice and assistance.”

Bloomberg Gadfly: Merchants of Debt (Overly Leveraged Retailers)

Wall Street Journal: Judge Denies $760,000 Bonus Payment to Samson CEO

Reed Smith LLP: Lincoln General Insurance Company Enters Liquidation in Pennsylvania

Press Release: Bauer Media has today announced its intention to suspend publication of FHM and ZOO magazines

Bloomberg: Miners Worldwide Are Money Pits

Wall Street Journal: Education Management to Pay $95.5 Million to Settle Federal, State Charges

Commercial Real Estate Direct: Appaloosa Sues to Stop CWCapital From Earning Incentive Fees on StuyTown Sale

California State DebtWatch: Open Data Website Detailing $1.5 Trillion in Government Debt

ABF Journal: Distressed Unitranche Debt After RadioShack: While Instructive, No Cause For Comfort

Press Release: Vinson & Elkins Adds David Meyer to Restructuring Practice in New York

Weil, Gotshal & Manges: Delaware Bankruptcy Court Addresses When, if Ever, Unsecured Creditors are Entitled to Postpetition Interest in Chapter 11

Weil, Gotshal & Manges: Distressed Investor Finds Covenant-Lite Loan Offers Little Protection – Quadrant Structured Products v. Vertin

Leave a Reply