Bankruptcy Archive » March, 2009

Bankruptcy - March, 2009

206 articles

• Delphi To Sell Brakes Biz To Chinese Co. For $100M
• Falling Ad Sales Send Idearc To Bankruptcy Court
• US Debtors Beware Of Slipped DIPs In Canada
• Ad Falloff, Tax Penalty Force Sun-Times Into Ch. 11
• 1-800-Mattress Secures DIP Financing From Sleepy's
• Ritz Camera Scores Final Nod To Tap $85M DIP Loan
• Ch. 11 May Be On Horizon For Riviera Holdings
• Tronox Creditors Seek To Dissolve Equity Committee
• Crusader Files For Ch. 11 After Defaulting On Debt
• High Court Mulls Ch. 11 Judges' Power To Bar Suits
• Nortel Gets Go-Ahead To Sell Business Unit
• Charter Defaulted On Credit Facility: JPMorgan
• Alternative To D&O Liability Coverage?
• GM, Chrysler May Need Bankruptcy To Survive: Obama
• More Federal Funds On Way For GM, Chrysler: Obama
• Bank Loses Bid To Use MFN Status In Enron Suit
• ING, Others Sue Ailing Freescale Over $1B In Loans
• Credit Problems Grow For Cash-Poor Crusader Energy
• Charter Seeks To Protect Workers In Face Of Ch. 11
• Delco Liable For $21.5M In Loan Default Case: Judge
• LA Developer Meruelo Maddux Ducks Into Ch. 11
• Court OKs Circuit City's Sale Of Canadian Unit
• MGM Mirage's City Center Project Averts Bankruptcy
• Merisant Unsecured Creditors Pick Winston, Ashby
• Foamex Agrees To Sell Its Assets In $105M Deal
• Stradley Ronon Brings On 2 WolfBlock Partners
• Lyondell Execs Escape Investor Suit Over Merger
• $100M In Dreier Assets Found, But Most Spent: Report
• Monaco Receives $50M Offer From Unnamed Buyer
• Sportsman's To Tap $30M Of Proposed DIP Loan
• Creditors Seek To Intervene In Cerion, PPI Sale Spat
• Liberty Surplus Seeks OK To Ax Lyondell Coverage
• Ritz Camera Unsecured Creditors Tap Cooley Godward
• Drinker Biddle Snatches Up 10 WolfBlock Attorneys
• Tronox Equity Committee Calls On Pillsbury Winthrop
• Couple Sue Lehman To Get Back $1.5M In Collateral
• Chrysler Asks For Tooling Back From Bankrupt PPI
• Star Tribune Tries To Ditch Direct-Mail Assets
• Municipalities In Ch. 9: Rejecting Labor Agreements
• Chase Sues Over $7.9B In Disputed WaMu Assets
• Dayton Fends Off $250M In Debt As Bankruptcy Looms
• GM-Delphi Deal Put On Hold For Treasury Review
• Spansion Opts For Latham, Duane Morris In Ch.11
• Over $1B Of Madoff's Assets Accounted For: Trustee
• Facing Eviction, Transmeridian Files For Ch. 11
• Chesapeake Gets Go-Ahead For Sale To PE Firms
• Deloitte To Buy Largest BearingPoint Unit For $350M
• 1-800-Mattress Files Ch. 11 To Avoid Liquidation
• Tropicana Creditors Seek Support For Ch. 11 Plan
• Indalex Finance Gets OK To Use Cash Collateral
• Doubts Grow Over MGM Mirage's Future
• Ch. 15 In Practice: Fogerty V. Condor
• Recession Claims Aluminum Customizer Indalex
• Wash. Mutual Sues FDIC For Billions Over Takeover
• High Court Snubs Case On Debtor's IP License Rights
• Credit Crunch Forces Grocery Chain Bi-Lo Into Ch. 11
• 7th Circ. Tosses RICO Suit Over Winterland Takeover
• Retail Slump Sends Sporting Goods Chain To Ch. 11
• Wachovia Sues WL Homes, Insurer Over $10.5M Loan
• Casino Chain Files Ch. 11 Plan With Lenders' Blessing
• Linens 'N Things Sues Vendors To Recoup Payments
• Cerion Seeks $8.5M Discount On PPI Assets
• Final Defendant Tossed From Delphi MDL
• PBGC To Take Over Propex Pension Funds
• Developers Push For Ruling On $105M Lehman Loan
• $1.1M Deal In Aegis WARN Class Action Gets OK
• Super Gets 3 Years For Illegal Hiring At Meat Plant
• Lenox To Exit Ch. 11, Regroup After $100M Sale
• Chemtura Wins Access To $190M In DIP Cash
• $40M Frontier Financing Deal Gets Green Light
• Monaco Coach Can Tap $73M In Cash Collateral
• Tribune Sues Warren Beatty Over Dick Tracy Rights
• While Cities Count Slowly To (Chapter) 9
• Bankrupt Greenbrier Hotel Plans Sale To Marriott
• Energy Slump May Force Drilling Cos. Into Bankruptcy
• Low Demand, High Costs Led To Ch. 11: Chemtura
• Credit Suisse Loses Bid To Toss Nat'l Century Suit
• Creditors Seek to Liquidate 1-800-Mattress In Ch. 7
• Turnaround Failure Sends Fairchild Into Ch. 11
• Bankruptcy Pro Rejoins Stroock From White & Case
• Quinn Emanuel Adds Derivative Transactions Guru
• Bankruptcy, Weather Stall CERCLA Cleanups: Report
• Adversary Proceedings Continue To Drop: Report
• Baker Hostetler Nabs New Partner For Madoff Team
• A Closer Look At In Re National Gas Distributors
• Credit Crunch Felled Record Number Of Hedge Funds
• Valero Picks Up 7 VeraSun Ethanol Plants For $477M
• AIG May Not Be 'Too Big To Fail' After All: Experts
• Despite Creditors, Aleris Can Tap $1B DIP Loan
• Visteon Not Sure It Can Remain A 'Going Concern'
• In From The Cold, Congoleum Gets OK For $30M DIP
• Tropicana Gets Looser DIP Terms
• Zurich Wins Spat Over Error-Riddled $10M D&O Policy
• Battered Mortgage Lender Thornburg Weighs Ch. 11
• Frontier Airlines Moves To Ground Pilots' 401(k) Match
• Cozen, Akin Gump OK'd As Counsel In Foamex Ch. 11
• Kirkland & Ellis OK'd To Represent Muzak In Ch. 11
• District Court Rejects Challenge To Lehman Sale
• NJ Sues Lehman Execs Over $118M Loss
• Star Tribune, Union Agree To Tentative CBA Changes
• Cities May Void CBAs Under Bankruptcy Code
• Morgan & Finnegan Files For Ch. 7
• Masonite Seeks To Shed $2B In Debt Through Ch. 11
• Court Dismisses Criminal Charges V. Lehman Judge
• Primus Files For Ch. 11, Plans To Cut Debt In Half
• Marathon Challenges Order Protecting Lyondell Parent
• District Judge Blocks Stay On Charys Reorganization
• BearingPoint Legal Team Tentatively Approved
• Betting Co. Magna Gets Access To $13M In DIP Cash
• Key Debt Holder Pushes Six Flags Closer To Ch. 11
• Ex-Workers Of RV Co. Monaco File WARN Suit
• Lehman Wins Bid To Inject $325M Into Loan Servicer
• Idearc, Donnelley Flounder As Advertising Sales Drop
• 3rd Circ. Tosses 44 Asbestos Claims V. WR Grace
• Milbank Snags Munger Bankruptcy Pro
• US Energy Sale Of Landfill Gas Stake Approved
• Fleetwood Enterprises Workers File WARN Act Suit
• Asarco Agrees To $1.1B Enviro Settlement
• Asbestosis Exclusions Mean Just That: Texas Court
• Marcal Buyers To Give Staples Credits In Ch. 11 Deal
• Pacific Energy Gets Creditor Protection In Canada
• Buffets' New Statement Approved With Exit Financing
• Bankrupt Superior Sues To Reclaim $9M From Ex-VP
• Debt-Ridden Six Flags On Brink Of Bankruptcy
• Samsun Files For Ch. 15 As Shipping Market Declines
• BAPCPA Bill Could Be Introduced Next Week
• Cash-Strapped Builder Warns Of Possible Ch. 11 Filing
• Aleris Agrees To Delay DIP Hearing For Creditors
• McDermott Named Special Counsel In Tribune Ch. 11
• Ala. County Debt Soars After JPMorgan Ends Swaps
• Samson Sues Sunoco Over Oil Delivered To SemCrude
• Judge OKs Syntax-Brillian's Disclosure Statement
• Flying J, Great American Settle $23M Bond Dispute
• Gottschalks Clinches Stalking Horse Bidder
• Tousa Noteholders' Cash Collateral Appeal Spurned
• Delphi Can Dump Retiree Benefits: Court
• CORRECTED: Muzak Gets Final OK To Tap Over $20M In Collateral
• Investors Sue Lehman Unit, Others Over Minibonds
• RCM Fights Polaroid Over Fraud, Trademarks
• BAPCPA To Blame For Circuit City's Demise: Experts
• Pillsbury To Pay $10M In SonicBlue Malpractice Deal
• Liberty Mutual Balks At Gottschalks Asset Sale
• Casino Chain Seeks Prepack Ch. 11 To Manage Debt
• Number Of Subprime Suits 'Historic' At 576: Report
• Lyondell Creditors Seek Records From Basell Merger
• Tribune Resolves Trustee Objection To Lazard Hire
• Largest Creditor In Muzak Chap. 11 Seeks More Rights
• Jones Day Named Special Counsel In Tribune Ch. 11
• Lehman Ch. 11 Yields $40M Payout For Firms
• Liquidity Crisis Drives RV Maker Fleetwood To Ch. 11
• CORRECTED: Sunwest Judge To Stay On In SEC Action
• Plummet In Sales Forces Milacron Into Ch. 11
• Bankrupt SemGroup Resolves Partnership Spats
• Debtor V. Debtor: Limits On Claims Discharge
• DIP Lender One Step Closer To $61M Buyout Of Propex
• Canadian Mining Co. Redcorp Files For Chap. 15
• Lehman Bros. Backs Converting Swiss Unit To Ch. 15
• Lowenstein Sandler To Rep Star Tribune Creditors
• Oil Price Drop Sends Pacific Energy Into Ch. 11
• Asarco Woos Sterlite With Lower $1.1B Price Tag
• Flying J Off The Hook As Coke Supplier To Hanford
• Low On Fuel, RV Maker Monaco Coach Files For Ch. 11
• VeraSun Scores More Time To Sell Assets, File Plan
• Creditors Object To Midway Board Hiring Dewey
• Judge OKs $6M DIP Loan For Tarragon
• 2nd Circ. Remands $15.6M Claims Award V. Delta
• Frontier Pushes For $10M More In DIP Cash
• Creditors Object To WL Homes Insider DIP Loan
• Northeast Biofuels Sued For Trying To Withdraw $8M
• New Dominion Forum Shopping Over Oil Contracts: BP
• Judge Sanctions Reed Smith In Insurance Claim Spat
• Union Cries Foul On Star Tribune's Move To Nix CBA
• Tropicana Shakes Up Ch. 11 Reorganization Efforts
• Creditor Elliott Seeks Bigger Role In Lehman Hedging
• Conn. Objects To Newspaper's Exec Bonus Plan
• House OKs Wider Mortgage Powers For Courts
• Creditors Stand Behind Kimball Hill Liquidation Plan
• Samson Wants Out Of Conoco Contract Spat
• Grace Can Seek Cleanup Costs From Zotos: 2nd Circ.
• Magna Entertainment Files For Ch. 11
• GM Warns It May Be Forced Into Bankruptcy
• Whistleblowing DVI Lawyer Wins SOX Case
• Chemtura Enviro Claims V. Cone Mills Buyer Barred
• Tribune Co. Asks Court To Halt Personal Injury Suits
• Mortgages Ltd. Files Competing Ch. 11 Plan
• Congoleum Judge Stays Dismissal Pending Appeal
• Smurfit-Stone Payment Proposal Draws Objections
• Lyondell Sues To Halt Collection From French Units
• Door Maker Masonite Plans To File For Ch. 11
• Judge OKs $20M Stock Deal In Parmalat Fraud Case
• SEC's Bid To Freeze Sunwest's Assets Denied
• Philadelphia Newspapers Seeks To Probe Recordings
• Lehman, MetLife Settle Over $1B In Defaulted Notes
• Blockbuster Denies Bankruptcy Rumors
• Buchalter Snags Hughes Hubbard Bankruptcy Pro
• Judge Throws Congoleum To The Wolves
• $1.2B In Red, Brazilian Beef Co. Files For Ch. 15
• Lyondell Chemical's $8B DIP Package Approved
• 'Liquidity Crisis' Forces Spansion Into Ch. 11
• Lenders Fight To Block Propex Asset Sale Plan
• WR Grace Shows Its Reorganization Cards
• Ex-National Century Exec Sentenced To 2 Years
• 9th Circ. Overturns WR Grace Witness Ban
• Charys Holding's Reorganization Plan OK'd
• Investors' Plan Draws Ire In Mortgages Ltd. Ch.11
• DTT Denied Interlocutory Appeal In Parmalat Case