July 11, 2012
A group of junior bondholders blasted NewPage Corp. on Tuesday for rebuffing a $1.5 billion merger offer from private equity-owned Verso Paper Corp. and asked a Delaware bankruptcy judge to appoint a mediator to referee talks on the troubled paper manufacturer's reorganization plan.
June 22, 2012
NewPage Corp. was hit with an adversary suit Thursday by packaging company MeadWestvaco Corp. over an agreement relating to the $2 billion sale of its coated paper business to the now-bankrupt paper manufacturer in 2005.
June 22, 2012
A Delaware bankruptcy judge granted NewPage Corp. an extension of its exclusivity period Friday and declined to appoint a mediator over Chapter 11 plan negotiations, giving the paper manufacturer breathing room in talks with warring creditors.
June 18, 2012
NewPage Corp.'s reorganization effort was assailed from all sides Friday, with two warring creditor factions floating different ideas to push the struggling paper company's bankruptcy forward.
June 15, 2012
NewPage Corp. asked a Delaware bankruptcy judge on Thursday to approve a new collective bargaining agreement reached with its unions, which the private equity-owned paper manufacturer says will slash labor costs and smooth its path out of Chapter 11.
June 12, 2012
Private-equity-owned NewPage Corp. asked a Delaware bankruptcy judge on Tuesday to bar its unsecured creditors from suing over the company's 2007 leveraged buyout of a rival paper manufacturer, calling the proposed lawsuit "unnecessary and wasteful."
June 01, 2012
Fearful of violating a confidentiality agreement, NewPage Corp. asked a Delaware bankruptcy judge on Friday to maintain the seal on a creditor lawsuit challenging the company's $1.7 billion leveraged buyout of a rival in 2007.
May 07, 2012
NewPage Corp.'s unsecured creditors asked for court permission Friday to sue the lenders that financed the bankrupt company's 2007 leveraged buyout of Stora Enso North America Inc., claiming the deal left the paper manufacturer insolvent.
May 03, 2012
NewPage Corp. asked a Delaware bankruptcy judge Thursday to extend its exclusive window for filing a Chapter 11 plan, saying it was caught between creditor factions with "diametrically opposed" visions for how to reorganize the struggling paper company.
April 25, 2012
A Delaware bankruptcy judge on Wednesday granted NewPage Corp.'s unsecured creditors a few more weeks to complete their investigation of the company's $1.7 billion leveraged buyout of another paper manufacturer, which they say may have left NewPage insolvent.