Auto parts maker Dana Corporation has asked a bankruptcy court to reconsider a ruling that denied proposed incentive packages for the company’s executives, questioning whether the compensation plans actually violate the Bankruptcy Code.
A federal judge has approved an agreement between Refco Capital Markets and two investment funds that will allow a settlement between RCM and its customers to move forward.
Bankrupt Adelphia Communications Corp. has made a few changes to its fifth amended reorganization plan and accompanying disclosure statement after drawing criticism from the U.S. Trustee, equityholders and noteholders involved in the case.
Clashing with bankrupt Northwest Airlines over its right to strike, the union representing the carrier’s flight attendants has shot off an appeal to a federal judge’s decision to deter a potential strike.
In a boost for Northwest’s rank-and-file workers, the Minnesota Court of Appeals has ruled that the airline’s mechanics and technicians should not have been denied unemployment benefits at the beginning of their union’s strike.
Looking to expand its services into bankruptcy law niches, Dreier LLP has acquired boutique firm Traub, Bonacquist & Fox LLP.
A district court judge has reversed a bankruptcy court’s decision to allow bankrupt Mesaba Airlines Inc. to void its collective bargaining agreements with its labor unions.
Hoping that the warring sides can reach a resolution, a U.S. bankruptcy judge has indefinitely delayed a hearing regarding bankrupt Delphi Corp.'s bid to slash wage and benefit cuts for its U.S. hourly workers.
At this time last year, the massive accounting fraud that felled futures broker Refco Inc. had not even been discovered. Now, less than a year after its Chapter 11 filing, Refco has filed its reorganization plan and disclosure statement.
With only seven partners and 23 lawyers overall, Debevoise & Plimpton LLP has a relatively small bankruptcy practice group. But that hasn’t stopped the firm from taking on some of the world’s largest restructurings.
After at least 12 prospective buyers rallied to bid for Tower Records, the music retail chain has selected liquidation firm Great American Group as the stalking-horse bidder in its upcoming bankruptcy auction.
A federal court judge has approved the settlement reached last month in the asbestos-related class action suit filed against bankrupt flooring maker Congoleum Corp., paving the way for the financially strapped company to add another $16.95 million to the trust established for asbestos victims.
A bankruptcy court has clarified its order granting Owens Corning’s motion to enter into senior credit commitments and pay all associated fees, reaffirming the company’s right to do so.
In a move that will move Refco Inc. closer toward emerging from bankruptcy, the commodities broker has reached an oral agreement with its main creditors, lawyers told a bankruptcy judge on Thursday.
In the latest twist in the ongoing Chapter 11 proceedings of Foamex International Inc., the bankrupt foam-cushion manufacturer’s former president and chief executive filed a lawsuit on Wednesday accusing the company of slander and breach of contract related to his ousting in June.
Kirkland & Ellis LLP has poached a top young bankruptcy lawyer from one of its main rivals, Weil, Gotshal & Manges LLP.
Bankrupt futures broker Refco Inc. has scored a small victory in its Chapter 11 case, after a judge granted the firm more time to seek removal of civil actions filed against it.
Bankrupt chip manufacturer Silicon Graphics Inc. scored a small victory on Tuesday when a federal judge approved the company’s motion to file under seal a collaboration agreement entered into with Intel Corp.
Bankrupt chemical products maker Solutia Inc. has joined with its unsecured creditors committee in objecting to a proposed order that would stop the company from staying an adversary proceeding against Solutia’s former parent company.
Bankrupt hedge fund Bayou Management LLC has filed a $30 million lawsuit against one of its investors, looking to recoup investments made and profits earned before Bayou collapsed.