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Format: 03-03-2015
January 16, 2015
In preparation for the launch of a new ABI.org, ABI’s home page and affiliated ABI websites will be down this weekend to undergo necessary upgrades and improvements. ABI web services will be unavailable from today at 5 p.m. ET until service is resumed on Tuesday. For any questions or concerns...
January 16, 2015
The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for chapter 11 protection in Chicago yesterday to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started, Reuters reported yesterday. The unusual legal standoff marked...
January 16, 2015
Wet Seal Inc. filed for chapter 11 protection yesterday, becoming the fourth apparel retailer to file for bankruptcy in two months, as the sector struggles with growing competition and a slowdown in spending among teen shoppers, Reuters reported yesterday. Wet Seal said in its bankruptcy filing...
January 16, 2015
RadioShack Corp. is preparing for a bankruptcy filing and is in talks with Sprint Corp. to sell leases on some of its stores to the wireless carrier, Bloomberg News reported yesterday. The court restructuring would allow RadioShack to emerge with a leaner business after a migration of consumers to...
January 16, 2015
Investment bank Lazard, which advised retiree negotiators during Detroit's bankruptcy, slashed about $3 million off its bill, the Detroit Free Press reported today. The firm's revelation is the first in what is expected to be a series of statements by law firms, financial advisers and consultants...
January 16, 2015
A federal bankruptcy judge on Tuesday approved a reorganization plan for the Roman Catholic Diocese of Helena, Mont., that includes a $16.4 million settlement for hundreds of people who sued the diocese over clergy sex abuse from the 1940s to the 1970s, the Associated Press reported yesterday. The...
January 16, 2015
A Connecticut hospital put itself under chapter 11 protection on Wednesday with plans to sell itself to a nearby healthcare system, five years after an unsuccessful bankruptcy reorganization left it saddled with $40 million in debt, Dow Jones Daily Bankruptcy Review reported today. Johnson Memorial...
January 16, 2015
Nearly every assisted living and nursing facility in the country depends heavily upon its Medicare and Medicaid provider agreements to fund the cost of caring for their residents, and termination by the government of either or both typically results in closure or sale of the affected facility,...
January 16, 2015
UBS has agreed to pay $14.5 million to settle accusations by the Securities and Exchange Commission that a subsidiary violated federal securities laws in its operation of a private stock trading system known as a dark pool, the New York Times DealBook blog reported today. The UBS subsidiary ran...
January 15, 2015
The Supreme Court appeared open yesterday to clarifying the powers of nearly 1,000 judges in the federal court system, a group whose constitutional authority has come into question since a 2011 high-court decision involving the late Playboy playmate Anna Nicole Smith, the Wall Street Journal...
January 15, 2015
The House of Representatives yesterday easily passed legislation to ease some of the banking regulations adopted after the financial crisis, with 29 Democrats shrugging off President Obama’s veto threat to join united House Republicans, the New York Times reported today. The bill, which passed 271...
January 15, 2015
The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for chapter 11 protection to implement its plan to cut $10 billion of debt, Reuters reported today. The company said it has the support of its senior noteholders to implement the plan, which will reduce the...

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