August 24, 2015
A Delaware bankruptcy judge on Monday ordered several state agencies, including the Florida Department of Revenue, to stop improperly collecting higher unemployment contributions from Sundae Group Holding II LLC, ruling it's not a successor to Friendly Ice Cream Corp. despite buying its assets.
September 30, 2013
The liquidating trustee for Friendly Ice Cream Corp.'s bankruptcy launched a litany of adversary complaints Friday in an attempt to avoid more than $9.3 million in debt the restaurant chain owner racked up in the months leading up to its insolvency.
December 15, 2011
Bankrupt Friendly Ice Cream Corp. and its owner Sun Capital Partners LLC minted a deal with unsecured creditors Thursday that clears the private equity firm to bid $50 million in debt toward retaining control of the family restaurant chain.
December 13, 2011
The private equity owner of Friendly Ice Cream Corp., parent of Friendly's restaurants, fired back Monday against accusations that it illegally transferred $267 million in debt to one of its affiliates in order to credit bid on the bankrupt chain while shirking pension liabilities.
November 01, 2011
A Delaware bankruptcy judge on Tuesday cleared Friendly Ice Cream Corp. — owner of the Friendly's restaurant chain — to sell its assets at auction, with an affiliate of private equity firm Sun Capital Partners Inc. to kick off the bidding with an as-yet-undisclosed offer.
October 31, 2011
Wells Fargo Capital Finance Inc. fought back Monday against Friendly Ice Cream Corp. creditors' objections to a $70 million debtor-in-possession financing package for the bankrupt restaurant chain, claiming that making any more concessions would put the finance lender's interests in jeopardy.