Global Geophysical Services Files for Bankruptcy Protection - WSJ
The seismic-data provider intends to submit a prepackaged plan in court after winning approval from its creditors
Trump Taj Mahal announces it will close - Press of Atlantic City: Breaking News
Tony Rodio, president and CEO of Tropicana Entertainment, said the Taj is losing millions of dollars a month and that the owners have “fiduciary duties to their shareholders.”
Avaya Creditor Franklin Said to Ask for Apollo, GSO Support - Bloomberg
Franklin’s holdings include both first- and second-lien debt
The Financial Industry's Theranos? - Forbes
Mozido finds itself under siege from angry employees and disgruntled partners.
Michaels Buys Hancock Fabrics Brand From Bankruptcy - WSJ
Hancock had filed for chapter 11 protection in February
Bain Said to Get $3.1 Billion for Credit Fund After Re-Branding - Bloomberg
Fund to focus on distressed investments, special situations
Assured Guaranty Ltd. Reports Results for Second Quarter 2016 | Business Wire
The economic loss development of $109 million in the public finance sector includes losses of $29 million related to the decline in discount rates. The remainder of the loss development was driven by increases in expected losses on various Puerto Rico exposures.
Conway MacKenzie Launches Valuation & Opinion Services Practice - ABFJournal
Led by Senior Managing Director Sam W. Clark, IV, the group provides expert advice and opinions to companies and their boards, investors and other capital market constituents regarding the valuation of businesses, securities and assets for transactions and situations across industry sectors.
Gulf Keystone Petroleum sees growing support for restructuring - UPI.com
Iraqi-focused oil player the target of a recent takeover offer from DNO International
Forward Contract Merchant Waived Ipso Facto Right to Terminate | ABI
Judge avoids tough decision on who is a ‘forward contract merchant.’