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NewPage Corporation

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Case Number:

1:11-bk-12804

Court:

Delaware

Nature of Suit:

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  1. September 04, 2013

    NewPage Trustee Leads Clawback Blitz Seeking $71M

    The litigation trustee for NewPage Corp. let loose another wave of lawsuits Wednesday, swelling a host of avoidance actions that seek to claw back some $71 million for the benefit of the reorganized paper maker's unsecured creditors.

  2. December 13, 2012

    NewPage Wins OK To Hand Reins To Senior Noteholders

    NewPage Corp. on Thursday won Delaware bankruptcy court approval for its reorganization plan, which places the leading coated paper manufacturer in the U.S. under the control of senior noteholders owed $1.7 billion.

  3. December 06, 2012

    Insurer Balks At NewPage Ch. 11 Plan Over Asbestos Policies

    Liberty Mutual Insurance Co. asked a Delaware bankruptcy judge on Thursday to reject NewPage Corp.'s reorganization plan unless the paper manufacturer takes steps to preserve the insurer's rights under certain asbestos liability policies.

  4. November 29, 2012

    Wis. Says NewPage Ch. 11 Plan Shirks Cleanup Duties

    The state of Wisconsin said Thursday that NewPage Corp.'s reorganization plan improperly handcuffs regulators from enforcing the troubled paper company's environmental cleanup duties at four mills in the state.

  5. November 14, 2012

    NewPage Creditors Demand Docs On Cerberus Deal

    NewPage Corp.'s unsecured creditors demanded Tuesday that the bankrupt paper company turn over documents on a proposed settlement with its majority owner Cerberus Capital Management LP, alleging the deal gives up valuable claims against the private equity firm for little in return.

  6. November 06, 2012

    NewPage Cleared To Send Ch. 11 Plan To Creditors For Vote

    NewPage Corp. on Tuesday won Delaware bankruptcy court approval for the disclosure statement detailing its reorganization plan, allowing the struggling paper company to submit the plan to creditors for a vote.

  7. October 30, 2012

    NewPage Asks Bankruptcy Judge To OK $850M Exit Financing

    NewPage Corp. on Monday asked a Delaware bankruptcy judge to approve $850 million in exit financing that would allow the troubled paper company to move out of bankruptcy, saying its lenders have asked for certainty that the reorganization can move forward.

  8. October 01, 2012

    NewPage Seals Accord With Creditors On Ch. 11 Plan

    NewPage Corp. on Monday said it has cleared a path out of Delaware bankruptcy court after finally cementing a deal with feuding creditors on a reorganization plan that will hand control of the troubled paper company to senior noteholders.

  9. August 14, 2012

    NewPage Submits Ch. 11 Plan With Creditor Settlement

    NewPage Corp. on Monday filed its long-awaited reorganization plan, which would hand control of the bankrupt paper company to senior noteholders while offering roughly $13.8 million to settle junior creditors' claims over a 2007 leveraged buyout.

  10. July 12, 2012

    Judge To Tap Mediator In NewPage Ch. 11 Feud

    A Delaware bankruptcy judge on Thursday said he will appoint a mediator to referee negotiations on NewPage Corp.'s reorganization, which have sputtered yet again in the wake of the paper manufacturer's rejection of a rival's merger offer.