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ASHINC Corporation

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Case overview

Case Number:

1:12-bk-11564

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. October 07, 2021

    Allied Trustee Says Yucaipa Drained Funds After Ch. 11 Ruling

    A litigation trustee for long-bankrupt Allied Systems Holdings Inc.'s estate has sued two Yucaipa Cos. funds and dozens of investors, alleging in Delaware bankruptcy court that the funds failed to pay more than $132 million in judgments and tried to move $380 million out of reach.

  2. May 06, 2021

    Del. Court Awards $57.4M To Car-Hauler's Ch. 11 Estate

    A Chapter 11 trustee has won a fight in Delaware for a $57.4 million breach of contract recovery benefiting the estate of bankrupt Allied Systems Holdings Inc., with simple interest from 2009 under governing New York law nearly doubling the potential award to more than $110 million.

  3. April 01, 2016

    Yucaipa Loses Ch. 11 Appeal For Control Of Allied's Debt

    A Delaware federal judge ruled Thursday that units of Black Diamond Capital Partners LLC and Spectrum Investment Partners LP  — not Yucaipa Cos. LLC — controlled Allied Systems Holdings Inc.'s first-lien debt, affirming a bench ruling from the bankruptcy court 18 months ago that helped determine the course of the case.

  4. December 07, 2015

    Allied Systems Ch. 11 Plan OK'd After Years Of Contention

    A yearslong, often bitterly contested car-hauler's bankruptcy ended with a swift Chapter 11 confirmation Monday in Delaware federal court, after the successor to Allied Systems Holdings Inc. and its lenders worked out a last-minute compromise with retirees who had fought the debtor's attempt to drop or curb medical and death benefits.

  5. October 01, 2015

    Allied Bankruptcy Deal Is Dead, Second Del. Court Says

    A Delaware federal court Wednesday affirmed a bankruptcy judge's rebuff of a potential settlement between Allied Systems Holdings Inc.'s unsecured creditors and private equity owner The Yucaipa Cos. LLC, saying the creditors had long withdrawn their support for the deal.

  6. September 10, 2015

    Allied Systems Estate Falls Short Of Ch. 11 Confirmation

    A Delaware bankruptcy judge declined Thursday to confirm the Chapter 11 plan for the Allied Systems Holdings Inc. estate, siding with a group of retirees who objected to the debtor's attempt to terminate their benefits.

  7. August 21, 2015

    Yucaipa's Subordination Claims Thrown Out Of Allied Ch. 11

    A Delaware bankruptcy judge on Friday threw out The Yucaipa Cos. LLC's attempt to equitably subordinate the claims of competing first-lien lenders in Allied Systems Holdings Inc.'s Chapter 11 case, ruling the private equity firm's action is barred by a covenant not to sue and its allegations aren't plausible.

  8. August 18, 2015

    IRS Says Allied Ch. 11 Plan Doesn't Protect Right To Tax Claim

    The IRS and the Tennessee Department of Revenue are the latest to file objections to Allied Systems Holding Inc.'s Chapter 11 bankruptcy plan, telling a Delaware federal bankruptcy court Monday that the car hauler has not adequately provided for the payment of tax claims.

  9. June 12, 2015

    Allied, Creditors Blast Yucaipa's Bid To Delay Ch. 11

    Allied Systems Holdings Inc. and its creditors slammed private equity lender Yucaipa Cos. LLC's attempt to freeze the car hauler's Chapter 11 case while litigation over creditor rights plays out, arguing Thursday that doing so could take years and would benefit only Yucaipa.

  10. June 09, 2015

    US Trustee Objects To Allied's Ch. 11 Plan Disclosure

    A U.S. Trustee overseeing Allied System Holdings Inc.'s bankruptcy criticized the car hauler's Chapter 11 plan Monday, telling a Delaware federal bankruptcy court that the plan's disclosure statement is "inadequate," contains numerous material omissions and should be rejected.

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