Monsanto Co., the former parent company of bankrupt Solutia Inc., filed court papers Tuesday aimed at correcting “blatant untruths” in an objection recently filed by Solutia’s ad hoc noteholders committee.
Flight attendants for Comair Inc. overwhelmingly ratified a new contract agreement Tuesday, which should allow the Delta Airlines subsidiary to inch closer to its goal of exiting Chapter 11 protection.
A committee of hedge funds that owns the majority of Dura Automotive Systems Inc.’s second lien obligations has objected to the auto parts maker’s plan to finance its Chapter 11 proceedings.
A week after submitting a revamped executive compensation plan, embattled auto supplier Dana Corp. has found its proposal at the center of controversy in the bankruptcy case, with the plan drawing both strong support and opposition from key groups.
A federal judge on Monday gave regional airline Mesaba Aviation Inc. a three-month extension to file its Chapter 11 reorganization plan, just weeks after the airline was able to stave off a potentially crippling employee strike.
FLYi Inc., the parent of former low-fare Independence Air, and its debtor affiliates filed their first amended joint plan of liquidation on Monday, furthering their efforts to sell off the last of their assets.
Refco FX was hit with a multimillion-dollar lawsuit on Tuesday by a financial company alleging that Refco allowed it to continue trading on its foreign exchange trading platform after it filed for bankruptcy, then denied it the profits.
A judge has ordered the U.S. government to pay Delta Air Lines Inc. at least $7 million for flights purchased for U.S. military personnel since the beleaguered airline filed for bankruptcy in September 2005.
Bankrupt auto supplier Meridian Automotive has smacked one of its former employees with a lawsuit for allegedly violating the terms of his severance agreement by leaving to join one of the company’s prime competitors.
Union workers at one of Calpine Corp.’s San Diego power plants are fighting to have their contracts honored as part of the embattled energy provider’s impending $130 million deal with San Diego Gas & Electric.
Northwest Airlines is seeking court approval of the settlement and compromise it made with its mechanic, cleaner and custodian employees, which would end any threat of a strike by those employees.
A London and New York-based investment banking boutique has acquired a U.S. restructuring firm in an effort to cash in on rising debt levels and interest rates that cause companies to file for bankruptcy.
Giving the company a boost in its bankruptcy proceedings, a bankruptcy court on Monday granted ladder maker Werner Co.’s request for extra time to come up with a plan to help it climb out of Chapter 11.
In a sudden turn of events, bankrupt health company SeraCare Life Sciences Inc. has cancelled its upcoming exit-financing auction in favor of a reorganization plan co-sponsored by its shareholders committee.
Five years after it first emerged from bankruptcy protection, Finova Capital Corp. has asked the court to let it dive back in to Chapter 11 so it can sell off its assets.
For Latham & Watkins, the ability to offer clients cradle-to-grave business service is one of many reasons that the firm’s bankruptcy practice has been able to thrive and stand out in a packed legal field over the years.
The ad hoc committee of noteholders in Solutia Inc.’s bankruptcy case has filed a scathing objection to the debtor’s ninth request to extend its exclusive right to file a Chapter 11 plan, accusing Solutia of failing to negotiate in good faith, squandering the estate’s resources and taking a cavalier attitude toward the reorganization process.
Persevering in its attempts to force Lucent Technologies Inc. to surrender all documents relating to a $44 million debt, bankrupt telecommunications company Adelphia Communication Corp. claimed on Friday that Lucent failed to prove the documents fell under attorney-client privilege.
Metabolife International Inc. has agreed to shell out $56 million to settle a slew of claims stemming from the company’s ephedra-related products, an avalanche of litigation that drove the defunct diet pill manufacturer into bankruptcy.
After months of legal wrangling, bondholder representatives for bankrupt energy company Entergy New Orleans have won court approval to have Entergy foot the bill for their lawyers' fees.