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  • CHICAGO, June 8- A U.S. bankruptcy judge said on Wednesday he must look deeper into whether he has the authority to halt bondholder lawsuits against Caesars Entertainment Corp in New York and Delaware given that proceedings have already begun. Caesars plans to pump about $4 billion to help restructure the unit, called Caesars Entertainment Operating Co..

  • CHICAGO, June 7- A U.S. bankruptcy judge on Tuesday pushed back a decision until later this month on whether to allow the operating unit of Caesars Entertainment Corp to move forward with a restructuring plan vigorously opposed by some creditors. The casino unit has presented a reorganization plan that includes a $4 billion contribution from its nonbankrupt...

  • CHICAGO, June 6- The bankrupt operating unit of Caesars Entertainment Corp asked a U.S. bankruptcy judge to block creditors from pursuing litigation against its parent on Monday, as talks aimed at resolving the complex case broke down with one group of creditors, court papers showed. The possibility of reaching a consensual agreement on a plan to exit...

  • June 6- Drilling contractor Hercules Offshore Inc filed for bankruptcy protection on Monday in a Delaware court, just six months after emerging from its first bankruptcy. The Houston- based company listed assets in the range of $50 million- $100 million and liabilities in the range of $100 million- $500 million. Hercules first filed for Chapter 11 bankruptcy...

  • "Given the strong possibility of privileges being curtailed, it is highly likely that will be required to incur substantial expense" in finding a substitute for self-bonds, an environmental collective said in a limited objection filed with the U. S Bankruptcy Court in St. Louis late on Thursday. The plan should not "relieve the responsibility" of a future owner or...

  • WILMINGTON, Del., June 2- Warren Resources Inc, an exploration and production company with operations in California and Pennsylvania, filed for bankruptcy protection on Thursday, according to a court filing. Warren Resources skipped a $7.5 million interest payment due Feb. 1 on its senior notes and the company defaulted 30 days later. The company listed assets of...

  • WILMINGTON, Del., June 2- Warren Resources Inc California and Pennsylvania, filed for bankruptcy protection on Thursday, according to a court filing.

  • Under Armour warns because sports authority bankruptcy

    Under Armour cut its guidance because Sports Authority is going out of business. CNBC's Seema Mody reports the details.

  • WASHINGTON, May 31- The U.S. Supreme Court on Tuesday rejected a union's appeal of a lower court's ruling that allowed Atlantic City's Trump Taj Mahal casino, founded by Donald Trump but now owned by billionaire investor Carl Icahn, to break its contract with union workers to secure a bankruptcy rescue deal. The high court's decision not to hear the appeal by Unite...

  • May 27- Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restructuring support agreement with some lenders, which will eventually allow it to place all its unsold assets into a wind-down vehicle until they can...

  • A bitcoin trader is surrounded by reporters as he protests against Tokyo-based bitcoin changer Mt.Gox in front of the company's office.

    Only $91 million of the $500 million that Mt. Gox claimed it had in the weeks before it went under has been tracked down, the New York Times reports.

  • Customers come and go from the Sports Authority flagship 'Sports Castle' at 1000 Broadway in Denver on Tuesday, April 26, 2016.

    Sports Authority, in planning to close all of its stores, is set to launch its going-out-of-business sales this week, according to court documents.

  • CHICAGO, May 20- Bankrupt coal producer Peabody Energy Corp said in a court filing Friday it believes its long-term debt should be included in its current liabilities, a position that favors unsecured creditors to the tune of $1 billion. A fight over how to treat long-term debt in calculating the mining company's assets has been looming since Peabody filed for...

  • NEW YORK, May 19- A scheduled hearing on Thursday in U.S. Bankruptcy Court for the Southern District of New York on a $300 million bankruptcy loan for renewable energy company SunEdison Inc has been pushed back one day, until Friday. Some of SunEdison's creditors and its so-called yieldcos, TerraForm Global Inc and TerraForm Power Inc, had objected in court papers...

  • May 18- Halcón Resources Corp, which produces oil in Texas and North Dakota, said on Wednesday it plans to file for a prepackaged bankruptcy that would wipe out $1.8 billion in debt and help it survive the drop in crude prices. Shares of the Houston- based company fell 55 percent to 44 cents in after-hours trading. Together with several former colleagues from...

  • CHICAGO, May 18- Caesars Entertainment Corp has offered $4 billion in a new plan to help its casino operating unit emerge from Chapter 11, a lawyer for the unit told a U.S. "In terms of recoveries to creditors, they are substantially improved down the line" under the new plan, lawyer David Seligman said in Chicago bankruptcy court on behalf of the Caesars unit on...

  • NEW YORK, May 18- The trustee liquidating Lehman Brothers Holdings Inc's defunct brokerage on Wednesday asked a federal bankruptcy judge for permission to distribute another $677 million to unsecured creditors. The proposed fourth payout by trustee James Giddens, which requires court approval, would boost the recovery by the unsecured Lehman Brothers Inc...

  • CHICAGO, May 18- A new proposal for the bankrupt operating unit of Caesars Entertainment Corp to emerge from Chapter 11 includes a $4 billion contribution from its parent, a lawyer for the unit told a U.S. An independent examiner who investigated those claims said in March that Caesars Entertainment and its private equity backers, Apollo Global Management and...

  • May 17- Directories publishers Dex Media Inc and SuperMedia Inc filed for voluntary Chapter 11 bankruptcy protection in a Delaware court on Monday. SuperMedia, earlier known as Idearc Inc, and Dex Media, formerly R.H. Donnelley Corp, exited their first bankruptcy proceedings in 2010.. The cases are in U.S. Bankruptcy Court, District of Delaware; Case No: 16-11210...

  • *SandRidge sets pre-packaged bankruptcy deal. *SandRidge has assets of $7.0 billion, debt of $4.0 billion. As of March 31, SandRidge estimated it had total assets of $7.0 billion and total debt of $4.0 billion, and Breitburn listed assets of $4.7 billion and liabilities of $3.4 billion.