December 18, 2024
A Delaware bankruptcy judge on Wednesday approved tool manufacturer Hardinge Inc.'s Chapter 11 liquidation plan after the debtor settled disputes with creditors, its investment fund backer and other parties by agreeing to drop potential claims in exchange for a cash payment.
October 30, 2024
Hardinge Inc., a New York-based tool manufacturer, received a Delaware bankruptcy judge's permission Wednesday to send its Chapter 11 wind-down plan off to a creditor vote, while the debtor and its official committee of unsecured creditors work toward a global settlement on a handful of open issues.
August 26, 2024
Disbarred attorney Tom Girardi has denied stealing from any of his clients, asking a judge to toss wire fraud charges. Meanwhile, a court-appointed trustee in Alex Jones' bankruptcy has asked a Texas judge to authorize the liquidation and wind-down of Free Speech Systems. This is the week in bankruptcy.
August 22, 2024
Hardinge, a producer of metal-cutting equipment, is set to hold a bankruptcy auction for the business in September, with a $100 million credit offer setting the floor, the debtor's attorneys said Thursday, telling a Delaware bankruptcy judge its stalking horse bidder walked back a demand for expense reimbursements that the U.S. Trustee's Office opposed.
August 19, 2024
The U.S. Trustee's Office objected to expense reimbursements to the $100 million stalking-horse bidder for the assets of New York-based metal-cutting machine toolmaker Hardinge Inc., arguing that the provision is only serving to chill the bidding process.