The U.S. trustee in the Levitz Furniture Inc. bankruptcy case on Tuesday filed a memorandum in support of her motion to convert the case from Chapter 11 reorganization to Chapter 7 liquidation.
Samsung Electronics Co. Ltd. has agreed to dismiss its appeal of the amended settlement in the Silicon Graphics Inc. bankruptcy. The appeal concerned claims in dynamic random access memory litigation in California.
A federal judge in New York on Tuesday dismissed a lawsuit against bankrupt IndyMac Bancorp Inc. and the Federal Deposit Insurance Corp., claiming IndyMac Bank hired appraisers that intentionally inflated home values so the bank could charge higher interest rates on home equity loans.
Vertis Communications and American Color Graphics Inc. are on the verge of completing their merger after the federal judge overseeing the prepackaged bankruptcy cases approved the companies’ disclosure statements and reorganization plans.
Dot Hill Systems Corp., a developer of computer storage hardware and software, is negotiating to buy intellectual property assets from Ciprico Inc., the storage software provider that filed for Chapter 11 bankruptcy protection in July.
Indiana Attorney General Steve Carter has filed a lawsuit against Countrywide Financial Corp. for allegedly misleading homeowners into purchasing risky mortgages they could not afford, making Indiana the sixth state since June to sue the country's largest mortgage lender.
Automotive supply company Cadence Innovation LLC filed for Chapter 11 on Tuesday, citing the economy and rising fuel prices for its financial troubles.
A federal bankruptcy judge has approved an amended disclosure statement filed by Goody's Family Clothing Inc. in its Chapter 11 bankruptcy proceedings, moving the apparel retail chain one step closer to reorganization.
The California attorney general's office has decided not to investigate allegations that Sen. Charles Schumer, D-N.Y., caused IndyMac Bancorp Inc.'s collapse by publicly expressing concerns over the bank's viability.
A federal bankruptcy judge on Friday approved bankrupt air conditioner maker Fedders North America Inc.'s amended joint liquidation plan.
After weeks of rumors, Mrs. Fields Original Cookies Inc. has ducked into bankruptcy, armed with a prepackaged plan that the company hopes will allow it to emerge from Chapter 11 protection quickly.
Cross-border lumber producer Pope & Talbot Inc. filed a petition Friday seeking to convert from Chapter 7 to Chapter 15 in order to facilitate current bankruptcy proceedings between U.S. and Canadian courts.
Citibank and the Bank of Nova Scotia are secured creditors and will be able to go after Adelphia Communications Corp. for “grid interest” payments, a federal judge ruled on Thursday, reversing a 2006 bankruptcy court ruling.
Bankrupt casino operator Tropicana Entertainment LLC is looking to obtain a higher sale price for its Indiana-based riverboat casino, Casino Aztar, than the bid it received in March.
Bankrupt U.S. Energy Systems Inc. and U.S. Energy Overseas Investments have filed a joint liquidating plan of reorganization, one month after winning an extension due to dramatic increases in the price of electricity in the United Kingdom.
The bankruptcy judge overseeing Syntax-Brillian Corp.'s Chapter 11 proceedings has signed off on the sale of some of the troubled TV maker's assets to a company owned by TCV Group, a manufacturer of plastic molded parts for Syntax-Brillian's Olevia-brand televisions.
Bankruptcy practices will need to reinvent the way they advise clients as more companies seek to avoid getting blindsided by losses that lead to drastic restructuring measures, according to Martin Bienenstock, head of Dewey & LeBoeuf LLP’s Business Solutions and Governance Group.
A bankruptcy court judge has approved a $16.5 million settlement between auto parts maker Delphi Corp. and Furukawa Electric Co. Ltd., an electronic component manufacturer.
Inching its way toward a bankruptcy exit, Asarco LLC has agreed to hand over $200 million to mop up the toxic trouble caused by its numerous mining operations in Washington state.
Claiming law firm Greenberg Traurig LLC has “jumped to the other side of the negotiating table,” two creditors in the Mortgages Ltd. bankruptcy said Friday a judge should revisit a proposed order allowing the law firm to act as special counsel to the bankrupt mortgage lender.