Botched Asset Sales Push Granite Into Chapter 11
Lawyers with Akin, Gump, Strauss, Hauer & Feld LLP filed Granite’s petition for relief on Dec. 11 in the U.S. Bankruptcy Court for the Southern District of New York. The company listed $443.6 million in assets and $641.1 million in debts, as of Sept. 30.
The company’s Chapter 11 filing, which will be handled...
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