Allard & Fish

Number of Articles Found: 15

1. Plastech Trustee Launches Dozens Of Payment Suits

Tuesday, Oct 06, 2009

Carroll Services LLC, liquidating trustee for bankrupt auto supplier Plastech Engineered Products Inc., has filed roughly 90 adversary suits against various creditors, including robotics company SAS Automation Ltd., the Chardon Rubber Co., staffing firm Populus Group LLC and others seeking to recover alleged preferential or fraudulent transfers.

2. Chrysler Ch. 11 A Boon To Attorneys

Thursday, Apr 30, 2009

Hours after it was filed, Chrysler LLC's Chapter 11 petition is already proving to be a boon to bankruptcy attorneys, many of whom have appeared in New York bankruptcy court to represent Chrysler's creditors and other interested parties.

3. Plastech's Stalking Horses Win Their Races

Wednesday, Jun 18, 2008

Bankrupt auto supplier Plastech Engineered Products Inc. has revealed that the stalking horse bidders for three units prevailed at an auction, with the bidder for the largest upping its price by over $20 million, and that another bidder stepped forward to buy a fourth unit.

4. Plastech Asks Court To Help In Tooling Dispute

Tuesday, Jun 17, 2008

Bankrupt auto parts maker Plastech Engineered Products Inc. is asking the court overseeing its reorganization to compel H.S. Die & Engineering Inc. to turn over the tooling necessary for Plastech to fill orders for parts from General Motors Corp.

5. Plastech Strikes $200M Deals For Key Units

Monday, Jun 16, 2008

Bankrupt auto supplier Plastech Engineered Products Inc. has reached deals to sell its interior, exteriors and automotive stamping units for at least $200 million.

6. Plastech Asset Buyer Must Honor Labor Deal: UAW

Thursday, Jun 12, 2008

A labor union that represents 3,000 workers of bankrupt auto supplier Plastech Engineered Products Inc. is one of more than a dozen parties that filed objections Wednesday in response to Plastech's bid for court approval of a plan to sell off key assets.

7. Plastech Proposes $17M Wind-Down Settlement

Tuesday, Jun 03, 2008

Bankrupt auto parts supplier Plastech Engineered Products Inc. asked a judge on Monday to approve a settlement with its lenders and major customers that it says will help sell off its assets and wind down its operations.

8. Plastech Set To Auction Off Its Business Units

Tuesday, May 27, 2008

Bankrupt auto parts supplier Plastech Engineered Products Inc. made significant headway in its reorganization Friday, receiving permission from a federal bankruptcy judge to auction off its business units and assets in June.

9. Plastech Gets OK To Borrow $87M From Customers

Friday, May 02, 2008

Bankrupt auto parts maker Plastech Engineered Products Inc. won permission on Thursday to borrow from four of its biggest customers through the end of August to stay in business.

10. Plastech Asks For More Time To File Exit Plan

Tuesday, Apr 29, 2008

Plastech Engineered Products Inc. is asking a federal bankruptcy judge to extend its exclusivity period for filing a reorganization plan by four months in order to give the bankrupt auto supplier more time to analyze its financial circumstances.

11. GM Seeks To Secure Tooling If Plastech Can't Deliver

Thursday, Mar 13, 2008

Following in Chrysler LLC's footsteps, General Motors Corp. has asked a federal bankruptcy court for the right to take back tooling from Plastech Engineered Products Inc. in the event the bankrupt auto supplier becomes unable to supply the company with parts.

12. Plastech Needs Chrysler Tooling To Stay Afloat: Judge

Wednesday, Feb 20, 2008

A judge has shot down Chrysler LLC's request to lift the automatic stay in Plastech Engineering Products Inc.'s bankruptcy proceedings in order to reclaim tooling equipment used to make Chrysler parts, saying that doing so could doom the auto supplier's efforts to reorganize under Chapter 11.