Logan’s Roadhouse Said to Plan Bankruptcy Amid Restaurant Slump - Bloomberg
Casual restaurant chain said to file as soon as this month
Judge refuses bonuses for executives at bankrupt Sports Authority | Reuters
"I think it’s just inappropriate to pay senior executives a bonus when all the employees are losing their jobs," said Judge Mary Walrath during a hearing in Wilmington, Delaware.
Seventy Seven Energy Inc. Emerges From Chapter 11 Bankruptcy
Pre-Packaged Bankruptcy Process Successfully Completed with $1.1 Billion of Existing Debt Converted into New Common Equity
Toronto's Arc Productions files for bankruptcy, locks out employees - Toronto - CBC News
In a letter to staff posted outside Arc Productions Richmond Street West office Tuesday morning, the studio said that they're "experiencing significant financial difficulties and a liquidity crisis."
Bitcoin Drops Nearly 20% as Exchange Hack Amplifies Price Decline - CoinDesk
The price of bitcoin fell sharply today exacerbating an already ongoing decline as global market participants reacted to news that one of the largest digital currency exchanges had been hacked.
Why Revel still isn't open and why it won't reopen anytime soon | NJ.com
The resort is still closed. It's likely to remain that way until after summer is over. Why the delays?
Section 303(a) Precludes Substantive Consolidation Among Religious Institutions | ABI
Pleading hierarchical control is insufficient for substantive consolidation.
Second Circuit Raises a Caution Flag for Sales Free-and-Clear of Claims | Reed Smith - JDSupra
But how far does this power reach? Can bankruptcy be used to protect the purchaser from potential successor liability claims? A recent decision from the United States Court of Appeals for the Second Circuit avoided answering the first question and gave a nuanced answer to the second.
Desperate Times Call for Desperate Measures: Delaware Bankruptcy Court Doesn’t Answer in Syntax-Brillian, Denying Motion to Remove Trustee | Weil Gotshal
The court considered whether it was appropriate to disqualify and terminate the Debtors’ liquidating trustee