From the category archives:

Bankruptcy

Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Battery maker Exide Technologies filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on June 10, despite citing debts more than $ 1.14 billion and assets more than $ 1.89 billion. The company also says it has lined up $ 500 million […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. A group calling itself the customer representatives in an ongoing class action against former directors and officers of MF Global Inc. (MFGI), an affiliate of bankrupt MF Global Holdings Ltd. (MFGH), on June 6 filed a brief arguing that the cap on what insurers can pay defendants to […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The former manager of musician Sly Stone, the frontman for Rock and Roll Hall of Fame inductees Sly and the Family Stone, on June 4 put Stone’s production company into Chapter 11 bankruptcy, citing assets between $ 1 million and $ 10 million, as well as debts in […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Creditor Statoil USA E&P on May 31 filed a brief objecting to a motion by bankrupt ATP Oil & Gas Corp. (ATP) that seeks approval of bidding procedures in its Chapter 11 proceeding, arguing that ATP has failed to post supplemental bond for more than $ 87.62 million […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The reorganized version of The Tribune Co. on May 24 filed a series of briefs objecting to assorted claims against the bankruptcy estate, most notably arguing that a $ 20 million claim asserted by the estate of Parren Mitchell, a former Maryland congressman, had expired (In Re: Tribune […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. KidsPeace Corp., a nonprofit that operates a 96-bed psychiatric hospital and provides what it calls “acute behavioral healthcare” to children and young adults, among other services, on May 22 filed for Chapter 11 bankruptcy, citing debt of $ 100 million related to its pension plan alone (In Re: […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The federal bankruptcy judge in the Chapter 11 case of Oreck Corp. on May 21 approved $ 9.5 million in post-petition financing, also called debtor-in-possession (DIP) financing (In Re: Oreck Corporation, No. 13-04006, Chapter 11, M.D. Tenn. Bkcy.). Oreck filed for Chapter 11 in the U.S. Bankruptcy Court […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The Federal Deposit Insurance Corp. on May 3 moved in the U.S. District Court for the District of Columbia for dismissal of claims made by Bank of America N.A., the indenture trustee for short-term notes issued by a division of bankrupt mortgage company Taylor Bean Whitaker Mortgage Corp. […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. A potential buyer of one of bankrupt Ritz Camera & Image LLC’s assets on April 22 filed a brief objecting to the Chapter 7 trustee’s motion seeking authorization to sell the asset, a piece of real property, to a different purchaser for $ 100,000 less (In Re: Ritz […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Yarway Corp., a former Pennsylvania company that manufactured pipe clamps, steam traps, valves and controls, filed for Chapter 11 protection April 22 in Delaware federal bankruptcy court due to thousands of asbestos personal injury claims combined with the depletion of insurance assets to pay the claims (In re: […]

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