Magnum Hunter Files Bankruptcy, Arch Coal Misses Payment, Dex Media Extends Forbearance, Foresight Energy Downgraded, Moody’s Changes Men’s Wearhouse Outlook to Negative

Court Docket (Bankr. D. Del.): Declaration of CEO of Magnum Hunter Resources Corporation in Support of Pre-Arranged Chapter 11 Bankruptcy Filing

Court Docket (Bankr. S.D.N.Y.): Answer and Motion Pursuant to Sections 303 and 305 of Chapter 11 of the Bankruptcy Code and Rule 1011 of the Federal Rules of Bankruptcy Procedure for an Order Dismissing, or in the Alternative Abstaining From, the Involuntary Chapter 11 Cases Filed Against Zohar CDO 2003-1, Limited, Zohar CDO 2003-1, Corp. and Zohar CDO 2003-1, LLC by Patriarch Partners XV, LLC

SEC Filing: Arch Coal, Inc. today announced that it has elected to exercise the 30-day grace period under its indenture agreements with holders of its 9.875% Senior Notes due 2019, the 7.00% Senior Notes due 2019 and the 7.25% Senior Notes due 2021

Rating Action: Moody’s revises Men’s Wearhouse’s ratings outlook to negative

SEC Filing: Dex Media, Inc. entered into a Second Amendment to Forbearance Agreement yesterday

Court Docket (Bankr. D. Del.): Declaration of the Managing Partner of Beilinson Advisory Group and Chief Restructuring Officer of Newbury Common Associates, LLC and Seaboard Realty, LLC in Support of Chapter 11 Bankruptcy Filings

Rating Action: Moody’s downgrades Foresight Energy to B3 with continued review for downgrade

Deadline Hollywood: Relativity Tells Bankruptcy Court It Will Make Money On 13 Of 14 Upcoming Films

Fitch Scenario: Sharp China Slowdown Would Hit Global Growth Hard

Moody’s: Diamond miners may opt for deeper price cuts to restore flagging demand in 2016

Wall Street Journal: Bankruptcy Academics Oppose Possible Bond Law Changes

Bloomberg: Bankruptcy Judge Deals Blow to Union Benefit Funds

Weil, Gotshal & Manges: Northern District of Illinois Examines Law on Fraudulent Transfer, Recharacterization and Equitable Subordination

Polsinelli PC: Fiduciary Duties Owed By Boards of Directors to Both Solvent and Insolvent Companies

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