Broncos Want $1M From Sports Authority Over Ad Deal - Law360
Amount is roughly the cost of a single quarterly payment under the sponsorship deal
Oi Creditors Get Pushback From Aurelius on New Restructuring - Bloomberg
Moelis reaches out to additional lenders for broader support
Hedge Funds Sue Puerto Rico’s Governor, Claiming Money Grab - The New York Times
A group of hedge funds sued the governor of Puerto Rico on Wednesday
Lessons learned from Detroit: A judge's perspective | Brookings Institution
“Every city has human assets, every city has physical assets, every city has revenue assets, so focus on creative ways to leverage those assets.”
Moody’s: Paid-to-Pump Oil Executives Bad for Bondholders - MoneyBeat - WSJ
Moody’s Investors Service studied pay plans at 15 of North America’s largest independent exploration and production companies
Bankruptcy Court Nixes Bid for Energy Future Mediation - HighYieldBond.com
A confirmation hearing on TCEH’s reorganization plan is set for Aug. 17.
Perry Alumnus Said to Raise $1.3 Billion for Distressed Fund - Bloomberg
ARCM’s third distressed fund to invest mainly in credit
For 1st time ever, people are shopping at Amazon at the same frequency as Walmart (60% of people, vs 31% in 2009)
Shelly Banjo posted an insightful chart on Twitter
Weil Bankruptcy Blog | Subjective Intent to Assume Unexpired Lease of Nonresidential Real Property Deemed Insufficient | Weil Gotshal
When seeking to assume an unexpired lease of nonresidential real property to prevent deemed rejection, a debtor should proceed by motion if possible.
English Court Decides Who Can Be Foreign Representatives Under Cross-Border Insolvency Regulations 2006 | The National Law Review
The Re 19 Entertainment judgment appears to be the first English case where directors of a company in Chapter 11 proceedings were recognised as “foreign representatives.”