Bankruptcy Law360 provides breaking news and analysis on bankruptcy law. Coverage includes corporate bankruptcies and out-of-court restructurings, as well as corporate distress and imminent bankruptcy and policy developments that affect bankruptcy law.
The company that distributes products from the chef that inspired the Soup Nazi character on “Seinfeld” asked the Delaware bankruptcy court on Monday to stop what it claimed was a malicious attempt by a penny stock investment firm to derail its bankruptcy.
A pair of liquidators announced Monday that $20 million in food inventory is being sold off at the Illinois headquarters and distribution center of Central Grocers Inc., a grocery chain and cooperatively owned wholesaler being wound down and liquidated under Chapter 11 bankruptcy.
A group of travel agents and customers with long-running antitrust claims against American Airlines' parent company AMR Corp. over its acquisition of US Airways asked a New York bankruptcy judge Friday to award them a pretrial judgment and unwind the airline tie-up based on U.S. Supreme Court precedent.
A Delaware bankruptcy judge gave Energy Future Holdings Corp. the nod Monday for up to $6.3 billion in replacement debtor-in-possession financing aimed at preventing a jam when its current post-petition loan matures in four days and covering the power giant if its historic case stretches into 2018.
The U.S. trustee Monday objected in Delaware bankruptcy court to natural gas storage venture Ryckman Creek Resources’ proposed $2.5 million executive incentive plan, saying it’s impossible to determine if the incentive targets were set too low.