Dura Automotive Systems Inc. has responded to objections to its revised key management incentive plan lodged by the U.S. Trustee in the case and a labor union, accusing the objectors of overlooking the hard fought negotiations that lead to the revised plan.
The U.S. Trustee in Northwest Airlines Corp.'s Chapter 11 case has objected to a settlement reached between the airline and its frequent sparring partner, the ad hoc committee, arguing that the deal is unwarranted.
With a June 5 confirmation hearing looming, objections to bankrupt Collins & Aikman's reorganization plan continue to trickle into bankruptcy court.
All American Semiconductor Inc. on Friday asked the court overseeing its Chapter 11 proceedings to allow it to reject certain agreements it had entered into with former employees.
Goldman Sachs Credit Partners LP on Friday asked the court to force Tower Automotive to pay rent on its equipment leases, despite the bankrupt auto parts company's claims that it had already given what was due.
A bankruptcy attorney has followed four former Stroock & Stroock & Lavan LLP colleagues across town to O'Melveny & Myers LLP to help boost the New York office's fledgling restructuring practice.
Marcal Paper Mills Inc. is seeking a bankruptcy court’s permission to employ two top executives, including a new president, a bid that has drawn objections from unsecured creditors alleging inadequate disclosure.
A judge has given Global Home Products LLC an extra 120 days, until Aug. 3, to file its exclusive plan for reorganization.
A Dutch court has reportedly given the green light for Yukos to sell off its foreign assets, marking the latest divestiture by the bankrupt oil group in recent months.
Congoleum Corp. has decided to head back to the drawing board and create a new plan of attack after a New Jersey judge ruled that insurers are not required to fund the global asbestos settlement at the heart of the flooring manufacturer’s proposed bankruptcy plan.
A bankruptcy court has approved Amtrol Holdings Inc.’s Chapter 11 plan of reorganization, paving the way for the water storage company to emerge from bankruptcy.
A federal judge has appointed a Foley & Lardner attorney to serve as fee examiner in Collins & Aikman Corp.’s Chapter 11 case, hoping to silence the outcry over the millions of dollars in professional fees that have been racked up throughout the proceedings.
The U.S. Trustee overseeing Hancock Fabrics Inc.’s Chapter 11 case has appointed an official committee of equity security holders in a move that signifies the fabric retailer will be able to pay off its creditors in full.
Amid multimillion-dollar payouts to creditors, defunct brokerage Refco Inc. scored a small victory when a bankruptcy court denied an investor committee's request for legal fee reimbursement.
Subprime lender New Century Financial Corp. has contested a request by the U.S. Trustee Office to expand the scope of an examination of its bankruptcy case in light of a company disclosure last week regarding its 2006 financial statements.
Three weeks after denying Wachovia Bank NA’s request to lift the stay in Delphi Corp.’s bankruptcy case in order to pursue a breach of contract suit against a Delphi employee, Judge Robert Drain on Tuesday filed an amended bench ruling reasserting his opinion.
A federal judge refused to toss a suit against Deloitte & Touche USA LLP, claiming it neglected to investigate allegedly improper accounting by insiders of a Pennslyvania-based healthcare finance company that collapsed into bankruptcy.
A bankruptcy judge overseeing Dana Corp.’s Chapter 11 case has lifted a stay on litigation to allow the auto parts maker to fight a $43.9 million product liability verdict.
One month after Delta Air Lines Inc. flew out of bankruptcy, a group of disgruntled bondholders is challenging a bankruptcy court’s approval of a settlement over the carrier’s leases at the Cincinnati/Northern Kentucky International Airport.
The U.S. Securities and Exchange Commission and several former executives of Collins & Aikman have agreed to allow the executives more time to answer the regulator's complaint accusing them of fraud.