GSC Group, Inc.

  1. July 22, 2011

    Judge Won't Speed Up Challenge To $235M GSC Sale

    A New York federal judge on Friday refused to fast-track minority lenders' opposition to the $235 million sale of bankrupt investment management firm GSC Group Inc.'s assets to Black Diamond Capital Management LLC.

  2. July 11, 2011

    GSC Gets Court OK For $235M Black Diamond Sale

    Struggling investment management firm GSC Group Inc. won a New York bankruptcy judge's blessing Monday to move ahead with the $235 million sale of its assets to Black Diamond Capital Management LLC, beating out objections raised by its minority lenders.

  3. July 08, 2011

    Bonus For GSC Head Approved Over Trustee Objection

    A New York bankruptcy judge authorized a proposed $1 million bonus to the president of bankrupt GSC Group Inc. on Thursday over the objection of the U.S. trustee, who argued the payout was unreasonable.

  4. July 06, 2011

    GSC Fights Lenders To Advance $235M Sale Pitch

    The trustee overseeing fallen hedge fund GSC Group Inc. battled a group of lenders in New York bankruptcy court Wednesday over its efforts to halt a proposed $235 million sale of the company's assets to Black Diamond Capital Management LLC.

  5. June 29, 2011

    GSC Lenders Fight To Halt $235M Black Diamond Sale

    GSC Group Inc.'s minority lenders on Wednesday urged a New York bankruptcy judge to delay the $235 million sale of the investment company's assets to Black Diamond Capital Management LLC and put their reorganization plan in play.

  6. June 15, 2011

    GSC Trustee's Counsel Agree To Trim, Hold Back Fees

    Attorneys representing the Chapter 11 trustee overseeing GSC Group Inc.'s contentious bankruptcy agreed in New York on Tuesday to trim their latest interim fee request and hold back at least 20 percent of the fees until the proceedings are completed.

  7. June 13, 2011

    US Trustee Blasts $1M Bonus For GSC Head

    The U.S. trustee monitoring GSC Group Inc.'s Chapter 11 proceeding in New York bankruptcy court on Friday blasted a proposed $1 million bonus for the insolvent investment company's president.

  8. May 24, 2011

    Black Diamond Blasts Rival Lenders' GSC Ch. 11 Plan

    Black Diamond Capital Management LLC denounced minority lenders' Chapter 11 plan for GSC Group Inc. in New York on Monday as the latest ploy to derail the $235 million sale of GSC's investment management business to Black Diamond.