Category: Bankruptcy

It’s Not Goodbye; It’s ‘See You Later’

[wsj-responsive-image P=”//si.wsj.net/public/resources/images/BN-OT702_outout_P_20160705121502.jpg” J=”//si.wsj.net/public/resources/images/BN-OT702_outout_J_20160705121502.jpg” M=”//si.wsj.net/public/resources/images/BN-OT702_outout_M_20160705121502.jpg” credit=”Bloomberg News” placement=”Inline” suppressEnlarge=”false” ] After more than seven years, Bankruptcy Beat is going off the air as we transition to WSJ Pro Bankruptcy. Thanks to our readers over the past 7 1/2 years who tuned in as we covered everything from the Lehman Brothers collapse to 50 Cent’s bankruptcy.  We…

Sports-equipment giant Russell Brands LLC made a bid to purchase the world’s first smart basketball, whose sensors transmit ball-handling data to smartphones. The Kentucky manufacturer, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Co., made a $ 1.5 million offer for the bankrupt startup behind the 94Fifty Smart Sensor Basketball, according to court papers. The deal still…

[wsj-responsive-image P=”//si.wsj.net/public/resources/images/BN-OQ864_0626ha_P_20160626150922.jpg” J=”//si.wsj.net/public/resources/images/BN-OQ864_0626ha_J_20160626150922.jpg” M=”//si.wsj.net/public/resources/images/BN-OQ864_0626ha_M_20160626150922.jpg” caption=”In a March 30, 2004, file photo, John Q. Hammons poses for a photo in his new 8,000 seat baseball stadium in Springfield, Mo. Hammons, a prominent hotel developer and southwest Missouri philanthropist, died May 26, 2013. A hotel company he founded filed for bankruptcy.” credit=”Associated Press” placement=”Inline” suppressEnlarge=”false” ] A…

Jeffrey D. Pawlitz has joined law firm King & Spalding as a partner in the financial restructuring group. Mr. Pawlitz, who most recently worked with Kirkland & Ellis in Chicago, will be based in New York. He has advised managers and directors in chapter 11 cases and out-of-court restructurings. He has also advised private-equity firms and hedge funds. Mr. Pawlitz…

[wsj-responsive-image P=”//art.wsj.net/api/photos/27217755/smartcrop?height=499&width=749″ J=”//art.wsj.net/api/photos/27217755/smartcrop?height=639&width=959″ M=”//art.wsj.net/api/photos/27217755/smartcrop?height=853&width=1280″ caption=”Residents of the Morro da Mineira favela play in the newly installed soccer pitch powered by player’s footsteps, in Rio de Janeiro, Brazil, on Sept. 10, 2014. The project, sponsored by British oil giant Shell, has around 200 energy-capturing tiles installed along the width and breadth of the field and covered by…

[wsj-responsive-image P=”//art.wsj.net/api/photos/33650651/smartcrop?height=499&width=749″ J=”//art.wsj.net/api/photos/33650651/smartcrop?height=639&width=959″ M=”//art.wsj.net/api/photos/33650651/smartcrop?height=853&width=1280″ credit=”European Pressphoto Agency” placement=”Inline” suppressEnlarge=”false” ] The law firm that has bailed colleges and universities out of NCAA athletic-compliance trouble is getting dragged into the bankruptcy courtroom, where fights are increasingly breaking out over tuition payments. The Bond, Schoeneck & King firm is representing several colleges that face demands to return…

Wearable camera maker iON Worldwide Inc., a competitor of GoPro, filed for bankruptcy. Read the Daily Bankruptcy Review article via The Wall Street Journal. (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click…