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Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
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Meet The Attys Tapped To Deliver On STG Logistics' Ch. 11
Freight company STG Logistics Inc. has assembled a team of lawyers from Kirkland & Ellis LLP and Cole Schotz PC to see it through a bankruptcy it hopes will address more than 90% of its debt before the year is half over.
What's Happening In Bankruptcy Court This Coming Week
Education technology group Anthology and the maker of Roomba vacuums will seek court approval for their Chapter 11 plans. Nursing home operator Genesis is asking for approval of a $1 billion asset sale. And former trucking group Yellow Corp. is looking to end years of litigation through a settlement with a group of pension plans.
Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
Meet The Attys Tapped To Deliver On STG Logistics' Ch. 11
Freight company STG Logistics Inc. has assembled a team of lawyers from Kirkland & Ellis LLP and Cole Schotz PC to see it through a bankruptcy it hopes will address more than 90% of its debt before the year is half over.
What's Happening In Bankruptcy Court This Coming Week
Education technology group Anthology and the maker of Roomba vacuums will seek court approval for their Chapter 11 plans. Nursing home operator Genesis is asking for approval of a $1 billion asset sale. And former trucking group Yellow Corp. is looking to end years of litigation through a settlement with a group of pension plans.
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Large Cap More
A creditor of Anthology Inc. has asked a Texas bankruptcy judge to reject the educational technology company's Chapter 11 plan, saying it doesn't provide for money Anthology owes for the creditor's defense aga... (more story)
Imerys Talc, Cyprus Mines and some of their insurance carriers on Wednesday gave a preview of upcoming confirmation hearings on a joint Chapter 11 plan, with the talc companies arguing before a Delaware bankru... (more story)
Saks Global Enterprises LLC began a bankruptcy to address $3 billion in debt, a significant Popeye's Louisiana Kitchen franchise operator declared bankruptcy with over $342 million in liabilities, and a Dallas... (more story)
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A Texas bankruptcy judge on Tuesday signed off on Genesis Healthcare's roughly $1 billion sale of its assets to an affiliate of NewGen Health, about a month after the judge rejected a previous deal that would ... (more story)
The former chief executive of Linqto is challenging the investment platform's proposed Chapter 11 plan and has asked a Texas bankruptcy judge to dismiss the case, arguing the debtor is not insolvent.
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Mid Cap More
IRobot, the company behind the Roomba robot vacuum, will ask a Delaware bankruptcy judge Thursday to approve a Chapter 11 reorganization plan that would eliminate $257 million in debt, citing broad support fro... (more story)
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