[wsj-responsive-image P=”//art.wsj.net/api/photos/38848195/smartcrop?height=499&width=749″ J=”//art.wsj.net/api/photos/38848195/smartcrop?height=639&width=959″ M=”//art.wsj.net/api/photos/38848195/smartcrop?height=853&width=1280″ caption=”In this Wednesday, March 16, 2016, file photo, Gawker Media founder Nick Denton arrives in a courtroom in St. Petersburg, Fla. Gawker Media has filed for chapter 11 bankruptcy protection, about three months after pro wrestler Hulk Hogan won a $ 140 million lawsuit against the online gossip and news publisher.” credit=”Associated Press” placement=”Inline” suppressEnlarge=”false” ]
Gawker Media Group will get a $ 22 million bankruptcy lifeline from Cerberus Capital Management LP so the media company can stay alive in 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 “try for free.”)
Hastings Entertainment Inc. filed for chapter 11 protection on Monday to look for a buyer, DBR reports in WSJ.
The Supreme Court struck down Puerto Rico’s debt-restructuring efforts, WSJ reports.
DBR reports in WSJ that renewable energy company Abengoa SA lined up $ 350 million in bids for four ethanol plants.
DBR reports in WSJ on the beginning of the Sabine Oil and Gas Corp. trial.
Energy XXI Inc. junior bondholders are fighting shareholders, DBR reports in WSJ.
WSJ discusses the Supreme Court’s Puerto Rico ruling’s effect on investors.
(And don’t forget to check out what is happening in the professional bankruptcy world.)