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GSC Group, Inc.

  1. January 29, 2013

    Kaye Scholer Admits 'Mistakes Were Made' In GSC Disclosures

    Kaye Scholer LLP offered a mea culpa Monday to a New York bankruptcy judge over allegations that the firm committed ethics violations in GSC Group Inc.'s Chapter 11, saying it had unintentionally made inadequate disclosures about a financial expert.

  2. January 14, 2013

    Ex-GSC Workers Want Trustee Booted For Cloaking His Ties

    Four former employees of investment firm GSC Group Inc. on Friday urged a New York bankruptcy court to remove liquidating trustee Robert J. Manzo from the case, saying they have received none of the money they are owed and that he hid Kaye Scholer LLP's allegedly unethical conduct.

  3. January 07, 2013

    US Trustee Wants Kaye Scholer Booted From GSC Bankruptcy

    The U.S. Trustee in the contentious GSC Group Inc. Chapter 11 bankruptcy case in New York on Friday asked a judge to bar Kaye Scholer LLP and Capstone Advisory Group LLC from the case and return their fees for alleged ethical violations and for making false statements to the court.

  4. February 14, 2012

    Black Diamond-Sponsored GSC Ch. 11 Plan Confirmed

    After nearly two years of contentious proceedings, a 10-minute hearing was all it took to bring GSC Group Inc.'s bankruptcy to a close Tuesday, with a New York bankruptcy judge approving a Black Diamond Capital Management LLC-sponsored Chapter 11 plan for the investment management firm.

  5. December 14, 2011

    New Ch. 11 Plan To Emerge As GSC Ends Creditor Feud

    The Chapter 11 trustee for bankrupt investment management firm GSC Group Inc. reached a handshake deal on Wednesday ending a bitter dispute with creditor Black Diamond Capital Management LLC that delayed a $235 million asset sale.

  6. November 30, 2011

    GSC Ch. 11 Plan Mired In Dispute Over Disqualifying Votes

    Confirmation of a bankruptcy plan for investment management firm GSC Group Inc. became bogged down Wednesday by a heated feud between the Chapter 11 trustee and creditor Black Diamond Capital Management LLC, as a year-end tax deadline for GSC's $235 million asset sale looms nearer.

  7. November 15, 2011

    GSC Can Get Black Diamond Info Over Ch. 11 Plan Voting

    A New York bankruptcy judge on Tuesday allowed GSC Group Inc.'s Chapter 11 trustee to interview employees of Black Diamond Capital Management LLC about whether the private equity firm crossed the line with its supposed crusade to derail his reorganization plan.

  8. November 01, 2011

    Black Diamond Entities Lose Bid To Lodge Late GSC Claims

    Entities controlled by the Black Diamond Capital Management LLC affiliate that purchased bankrupt GSC Group Inc.'s assets in July lost their bid Monday to assert late claims against the GSC debtors.

  9. October 05, 2011

    GSC Trustee Files Amended Ch. 11 Plan After $235M Sale

    The trustee for bankrupt investment management group GSC Group Inc. on Tuesday filed an amended Chapter 11 plan calling for all GSC equity interests to be canceled, and for the company to reorganize as part of its $235 million sale to Black Diamond Capital Management LLC.

  10. August 22, 2011

    GSC Employee Wants D&O Policy To Cover SEC Defense

    A GSC Group Inc. employee accused of letting a hedge fund sell complex mortgage-backed securities to unwitting investors asked Friday that the judge overseeing the investment management firm's bankruptcy let him use a Lexington Insurance Co. policy to fund his defense.