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Plastics Co. Pretium Struggled With Debt Years Before Ch. 11
Pretium Packaging, a private equity-backed maker of rigid plastic containers, collapsed into bankruptcy last week less than three years after completing a debt exchange that injected $200 million into the company, highlighting its persistent struggles to stabilize its business in the face of more than $1 billion in debt.
Yes To US Magnesium's $30M Sale, No To Genesis Trustee
US Magnesium secured approval of a $30 million asset sale in its bankruptcy, a judge refused to install a Chapter 11 trustee in Genesis Healthcare's case, and another allowed self-driving vehicle technology company Luminar Technologies to move forward with asset sales that will net its estate $142.54 million.
Meet The Team Guiding Multi-Color Through Ch. 11
Kirkland & Ellis and Cole Schotz attorneys will be steering Georgia-based global retail product label maker Multi-Color Corp. through Chapter 11 in New Jersey as it seeks to trim $3.9 billion of its $5.9 billion in debt.
Plastics Co. Pretium Struggled With Debt Years Before Ch. 11
Pretium Packaging, a private equity-backed maker of rigid plastic containers, collapsed into bankruptcy last week less than three years after completing a debt exchange that injected $200 million into the company, highlighting its persistent struggles to stabilize its business in the face of more than $1 billion in debt.
Yes To US Magnesium's $30M Sale, No To Genesis Trustee
US Magnesium secured approval of a $30 million asset sale in its bankruptcy, a judge refused to install a Chapter 11 trustee in Genesis Healthcare's case, and another allowed self-driving vehicle technology company Luminar Technologies to move forward with asset sales that will net its estate $142.54 million.
Meet The Team Guiding Multi-Color Through Ch. 11
Kirkland & Ellis and Cole Schotz attorneys will be steering Georgia-based global retail product label maker Multi-Color Corp. through Chapter 11 in New Jersey as it seeks to trim $3.9 billion of its $5.9 billion in debt.
Expert Analysis
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Large Cap More
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Lippes Mathias LLP has brought on two partners from Greenspoon Marder LLP and an associate from Akerman LLP to bolster its West Palm Beach, Florida, office.
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Pittsburgh-based regional firm Bernstein-Burkley PC has expanded its resources and grown its Ohio footprint through a merger with Cleveland firm Walter Haverfield.
Product label maker Multi-Color Corp. entered Chapter 11 in New Jersey, the company that owns Fatburger filed for bankruptcy in Texas, and a Missouri-based packaging company sought insolvency protection in New Jersey.
Senior living-focused private equity investor Inspired Healthcare Capital has filed for Chapter 11 protection in a Texas bankruptcy court, listing between $1 billion and $10 billion in debt and with plans to p... (more story)
Attorneys for a Florida businessman locked in a $500 million dispute over the ownership of the Miss America pageant urged a federal judge Monday not to sanction their client for filing allegedly false document... (more story)
Linqto kicked off its Chapter 11 plan confirmation hearing in Texas Monday, as plan supporters and objectors grilled witnesses on the circumstances leading up to the former investment platform's bankruptcy and... (more story)
A New Jersey bankruptcy judge on Monday granted interim approval for global label maker Multi-Color Corp. to tap into post-petition financing, yet he halved the amount of money that lenders can initially roll ... (more story)
A Texas bankruptcy judge declined Monday to decide whether Tricolor Holdings loan servicer Vervent should be paid fees for its work locating thousands of vehicles and other collateral backing the debt, saying ... (more story)
Mid Cap More
The sentencing of a former executive at rapper Curtis "50 Cent" Jackson's liquor brand came to an eleventh-hour halt Tuesday following the prosecution's letter suggesting he violated his agreement in which he ... (more story)
A Texas bankruptcy judge Tuesday gave oilfield service provider Nine Energy Services interim approval to tap into $56 million in Chapter 11 financing and set an early March hearing for the company's prepackage... (more story)
Google's artificial intelligence summary erroneously referred to a nonexistent false review of a Denver bankruptcy law firm before Google removed the firm's business profile without explanation, the firm told ... (more story)
Bankrupt urgent care facility operator Carbon Health Technologies Inc. received approval on Tuesday in Texas to access $9 million in Chapter 11 lending to fund its case as it pursues a dual-track process to sw... (more story)
HSBC Bank PLC told a London court on Tuesday that two members of the Barclay Family have owed it £140 million ($192 million) since April 2024 and that the brothers are now seeking to adjourn bankruptcy petitio... (more story)
Two companies, investment company Michal International Investment LLC and MII Aviation Services LLC, filed for bankruptcy in Delaware, listing liabilities of at least $10 million and $100 million, respectively.
The Delaware Chancery Court on Monday heard a sharply contested argument over whether a former Honeywell executive is entitled to advancement of legal fees tied to Russian insolvency and customs proceedings, a... (more story)
Marketing research company Premise Data has filed for Chapter 7 liquidation in Delaware bankruptcy court, listing $194 million of debt and seeking to wind down after selling what it says was the most viable po... (more story)
Hinshaw & Culbertson LLP has opened a new Cleveland office and greatly expanded its consumer financial services practice with a group of 16 attorneys from the recently shuttered McGlinchey Stafford PLLC, the firm said Monday.
ArentFox Schiff LLP has tapped a longtime bankruptcy attorney to lead its Los Angeles office.