Financial and legal advisors in the Chapter 11 proceedings of Calpine Corp. have requested over $45 million in fees for the latest five-month period, including over $14 million requested from Calpine’s lead law firm Kirkland & Ellis LLP.
The unsecured creditors committee of bankrupt Collins & Aikman Corp. wants to investigate DaimlerChrysler Corp., Ford Motor Corp. and General Motors Corp.—the auto supplier’s largest customers—for alleged violations of antitrust law.
In a precedent-setting move under France’s revised safeguard procedure, the administrators of the embattled channel tunnel operator are planning to invite creditors to join a bank debt holder committee.
A bankruptcy court has pushed back the deadline for Tower Automotive Inc.’s reorganization plan, marking the sixth time the bankrupt auto parts maker has been granted an extension in its Chapter 11 proceedings.
The shareholders of Riverstone Networks Inc. have accused the company’s former general counsel of trying to block an investigation into alleged potential wrongdoing committed by the telecommunications equipment maker’s top executives.
Trying to buy time in case its reorganization plan is not confirmed, flatware maker Oneida Ltd. filed a motion on Thursday asking to retain exclusive control over its bankruptcy case for 45 more days.
A group of investment firms has agreed to infuse bankrupt SeraCare Life Sciences Inc. with a $15 million loan, which the company plans to use to repay its senior creditors.
Adelphia Communications Corp. noteholders are seeking an end to the company’s exclusivity and demanding the chance to contribute to its reorganization plan.
Weeks after Delta Air Lines asked a federal bankruptcy court for approval to terminate its pilots’ pension plans, a group of retired pilots is lashing out against the bid, saying the embattled carrier is trying to avoid its obligation to shell out settlement proceeds.
Southern supermarket giant Winn-Dixie Stores Inc. has asked the presiding judge in its Chapter 11 bankruptcy proceedings to extend a deadline, hoping for more time to woo creditors to accept its reorganization plan.
A judge has cleared the way for Delta Air Lines Inc. to purchase United Airlines Inc.’s right to fly between New York and London, and ruled that Delta can hold on to that right after it exits bankruptcy.
U.S. President George W. Bush signed into law a pension reform bill on Thursday that is designed to close loopholes in the pension system, and particularly offers relief for employees at bankrupt Northwest Airlines Corp. and Delta Air Lines Inc.
Flight attendants for Northwest Airlines have the right to strike in response to the company’s failure to agree on a collective bargaining agreement, a federal bankruptcy judge ruled Thursday.
Pan Am World Airways’ 15-year stay in bankruptcy may soon draw to a close. As soon as the airline receives a $30 million payment from the government of Libya, it will finally pay off the last of its creditors.
Silicon Graphics is looking for help to provide financial transition services as the company prepares to emerge from Chapter 11 bankruptcy protection, according to court filings.
A judge has given bankrupt Calpine Corp. the authority to settle threatened and actual claims or lawsuits against the bankrupt energy giant if they are valued at $2 million or less.
Bayer Corp. has asked a bankruptcy court to deny the bid by Saint Vincent Catholic Medical Centers of New York to retroactively reject two equipment leases it has with the creditor.
Congoleum Inc. has filed an amended plan of reorganization in its Chapter 11 proceedings, bringing the flooring company one step closer to exiting bankruptcy.
Three weeks after a federal bankruptcy judge approved Silicon Graphics Inc.’s disclosure statement, the high-performance computer maker is seeking to retain control over its Chapter 11 case while creditors vote on its reorganization plan.
Sypris Technologies Inc., which provides over $200 million in parts a year to Dana Corp., wants a decision regarding its multi-million dollar contracts with the bankrupt auto parts supplier.