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Wednesday, June 22, 2016

Gawker Challenged by Hulk Hogan Over Sale




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Photo: Steve Nesius/Associated Press



Former professional wrestler Hulk Hogan challenged the sale of Gawker Media Group and said creditors, rather than the company’s new owners, should be able to sue suppliers. 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.”)


Gallup, N.M.,’s Roman Catholic archdiocese won court approval of its clergy sexual abused settlement, Bankruptcy Beat reports, paving the way for it to leave bankruptcy.


Bankruptcy expert Perry Mandarino discusses his thoughts on chapter 11 disclosures via Bankruptcy Beat.


WSJ looks at how the bankruptcy of Brazilian telephone company Oi is bringing down bank shares. The company was also downgraded by Fitch Ratings.


“Dance Moms” star Abby Lee Miller is set to please guilty to bankruptcy fraud, the Associated Press reports.


Also according to the AP, Michigan Gov. Rick Snyder signed a $617 million bailout for Detroit’s public schools.


Write to Melanie Cohen at melanie.cohen@wsj.com. Follow her on Twitter at @MelanieLisa




Gawker Challenged by Hulk Hogan Over Sale

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