A court order permitting bankrupt futures brokerage Refco Inc. to pay off $127.5 million in intercompany claims has raised the ire of the lead plaintiffs in a securities suit pending against the company.
Foam cup maker Radnor Holdings Corp. filed for Chapter 11 protection Monday, having already found a buyer for nearly all of its assets.
Congoleum’s bankruptcy proceedings have hit another snag, after the company’s insurers and bondholders challenged the flooring company’s reorganization plan by filing a plan of their own.
Raring to push forward a competing reorganization plan, an ad hoc equity committee will ask a judge Thursday to do away with SeraCare Life Sciences Inc.’s exclusivity period to submit a sole plan.
Pfizer Inc. and its unit Quigley Co. have asked a federal judge to reconsider his recent decision to dilute the Chapter 11 plan votes of claimants who had previously agreed to reduce their asbestos claims.
In a move that will create a strong bankruptcy practice and a New York presence for Cooley Godward LLP, the firm announced on Tuesday that it is merging with New York litigation firm Kronish Lieb Weiner & Hellman LLP, forming the 550-attorney law firm Cooley Godward Kronish LLP.
Inland Fiber Group LLC filed for Chapter 11 protection Friday, though it also submitted a prenegotiated reorganization plan that it hopes will be approved by the end of the year.
Music retailer Tower Records Inc., which voluntarily filed for Chapter 11 on Sunday, is on the lookout for a potential buyer and hopes to wrap up the sale in time for the busy holiday season.
Still selling off its assets, bankrupt rainwear maker London Fog Group Inc. has unloaded its famed trademark, with Iconix Brand Group Inc. snapping up the recognizable brand for $30.5 million in cash and $7 million in stock.
Silicon Graphics Inc. has requested permission to hire Paul, Hastings, Janofsky & Walker LLP to act as its special intellectual property counsel.
Adelphia Communications Corp. has reached an agreement with Travelers Casualty & Surety Co. of America that will significantly reduce the amount of collateral it must pay for bonds that back up its insurance policy.
A secret report detailing the environmental liabilities of bankrupt chemicals company Solutia Inc. has prompted the U.S. government to join a motion filed by tort plaintiffs seeking access to the liability analysis.
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.