Sports Authority Accelerates Store Closings Amid Bankruptcy - WSJ
Sports Authority is scrambling to close the doors on most or all of its stores by the end of the month, according to multiple store employees and managers
SunEdison Solar Smorgasbord Lures Bidders, But None Want It All - Bloomberg
SunEdison said to receive no bids for entire company
Murray Energy working with investment banks on debt relief: sources | Reuters
Working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy
China’s Zombie Companies Stay Alive Despite Defaults - WSJ
A steelmaker’s bond defaults take a back seat to short-term concerns about growth and jobs
BlackRock Warns Australia at Real Risk of Losing AAA Debt Rating - Bloomberg
“If you don’t get your foot off the line in, let’s call it in six to 12 months, the balance of probability is that you’ll be downgraded.”
Oil producers prepare for second-half slump as rally sputters | Commodities | Bloomberg Professional
After surviving two years of low prices, they’re gearing up for a third by buying protection against a renewed downturn.
The Facebook of ecommerce — Benedict Evans
"Everything bad that happened to media in the last decade is going to happen to retail"
Luca International settles with the SEC and confirms Chapter 11 Plan
The U.S. Bankruptcy Court for the Southern District of Texas approved the restructuring that allows Luca to pay creditors and to establish a liquidating trust to pursue claims.
Disregarded Entities and Cancellation of Debt Income: Are They Really Disregarded if They Are in Bankruptcy or Insolvent? Will We See More Guidance on When They Are Disregarded? | Pepper Hamilton LLP
A statutory exclusion exists for COD income that arises in a title 11 bankruptcy case or when the taxpayer is insolvent. Final regulations were issued recently that apply these exclusions to a grantor trust or a disregarded entity (DRE). According to the regulations, DREs include single-member LLCs that do not elect to be classified as corporations, corporations that are qualified REIT subsidiaries and corporations that are qualified Subchapter S subsidiaries.
Appraisal Amendments to Become Effective on August 1 | Appraisal Rights Litigation Blog
Now that the amendments to the Delaware appraisal statute have been signed into law, the new provisions will apply to all M&A agreements entered into on or after August 1.