April 23, 2012
NewPage Corp.'s unsecured creditors blasted efforts by the Bank of New York Mellon Corp. and others Monday to block their request for extra time to investigate the company's $1.7 billion leveraged buyout of another paper manufacturer in 2007, which they say may have left NewPage insolvent.
April 19, 2012
In pursuit of potential insider trading claims, NewPage Corp.'s unsecured creditors asked a Delaware bankruptcy judge on Wednesday to force majority owner Cerberus Capital Management LP to turn over data on the private equity firm's trades in NewPage debt.
April 03, 2012
NewPage Corp.'s unsecured creditors asked a Delaware bankruptcy judge Monday for extra time to investigate the company's $1.7 billion leveraged buyout of another paper manufacturer in 2007, which they say may have left NewPage insolvent.
December 12, 2011
Bankrupt paper company NewPage Corp.'s unsecured creditors last week asked a judge to reconsider their request to hire advisory firm Alvarez & Marsal North America LLC and investment bankers Moelis & Co. to advise in the restructuring, setting off a flurry of objections scheduled to be heard Tuesday.
December 05, 2011
NewPage Corp.'s unsecured creditors committee lobbied a bankruptcy judge on Friday for permission to investigate the company's ties to its owner, private equity firm Cerberus Capital Management LP, which they say also owns portions of the company's debt.
December 02, 2011
Unsecured creditors of bankrupt paper company NewPage Corp. cannot hire financial advisory firm Alvarez & Marsal North America LLC for consulting work in the case, a Delaware judge ruled Thursday, saying that the high-profile firm is too costly.
November 09, 2011
NewPage Corp.'s unsecured creditors committee lobbied a bankruptcy judge on Wednesday for permission to investigate a $25 million transfer made to a Canadian subsidiary on the eve of its Chapter 11 filing, saying the transaction was designed to avoid court oversight and to benefit insiders.
October 04, 2011
A Delaware bankruptcy judge on Tuesday gave final approval to a $600 million debtor-in-possession loan for private equity firm-owned paper company NewPage Corp., despite objections from unsecured creditors that the order improperly hands additional collateral to secured lenders.