USD 35M settlement for Fair Finance was approved

Caesars restructuring chief wants parties to ‘Come Together’

2015-06-08
Reading time 29 seg
Caesars Entertainment Operating Co.’s restructuring chief said Thursday he thinks the company has “set the table” for a successful reorganization, but lawsuits against the casino giant’s parent could hamper the progress made in the company’s bankruptcy case.

A bankruptcy judge said the trustee recovering money for victims of Bernard Madoff’s Ponzi scheme can move forward with his bid to claw back hundreds of millions of dollars in so-called fictitious profits from Mr. Madoff’s customers, DBR reports in WSJ.

RadioShack Corp.RSHCQ -0.71% lender Salus Capital is urging a judge to convert the retailer’s bankruptcy to chapter 7, Reuters reports.

According to Reuters, Exide Technologies Inc. wants its bankruptcy judge to enforce an injunction in its reorganization plan.
A $35 million settlement for Fair Finance was approved, the Akron Beacon Journal reports.

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