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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. May 29, 2015

    Yucaipa Asks To Freeze Allied Ch. 11 Until Court Fights End

    The Yucaipa Cos. LLC asked the Delaware bankruptcy court Thursday to freeze Allied Systems Holdings Inc.'s long-running and contentious Chapter 11 case, arguing that plan proposals shouldn't go forward until the myriad litigation that has grown around the proceedings over creditor rights is resolved.

  2. January 28, 2015

    Allied Creditors' Claims Against CEO Not Core To Ch. 11

    A Delaware bankruptcy judge on Wednesday found that claims targeting the CEO of Allied Systems Holdings Inc., included in a wider suit against the company's former private equity owner, are not central to the car hauler's Chapter 11 and are not subject to final determination of the court.

  3. October 06, 2014

    Judge Won't Waste Time On Allied Systems Settlement

    A Delaware bankruptcy judge on Monday declined to consider a settlement between Allied Systems Holdings Inc.'s unsecured creditors and private equity owners The Yucaipa Cos. LLC, finding little point in going forward with an agreement that was essentially dead on arrival.

  4. September 11, 2014

    Yucaipa Urges Judge To Deny Allied System's Settlement

    The Yucaipa Cos. LLC on Wednesday urged a Delaware bankruptcy judge to deny consideration of a 2013 settlement reached between the private equity firm and Allied Systems Holdings Inc.'s unsecured creditors, saying the agreement is not valid.

  5. September 08, 2014

    Black Diamond, Spectrum Aim To Nix Bid For Allied Hearing

    Private equity firms Black Diamond Capital Partners LLC and Spectrum Investment Partners LP urged a Delaware bankruptcy judge Monday to decline consideration of a settlement between Allied Systems Holdings Inc.'s unsecured creditors and The Yucaipa Cos. LLC, saying they are working on a better alternative.

  6. November 26, 2013

    Yucaipa Asks NY Court To Restore Allied Credit Agreement

    An attorney for Ron Burkle's private equity firm The Yucaipa Cos. LLC on Tuesday urged a New York state appeals court to restore a credit agreement at issue in car hauler Allied Systems Holdings Inc.'s bankruptcy, after a lower court threw out the deal.

  7. September 17, 2013

    Bankrupt Allied Gets Nod For $135M Asset Sale To Rival Firm

    A Delaware bankruptcy judge gave car carrier Allied Systems Holdings Inc. the green light Tuesday to sell most of its assets to an industry rival for $135 million, a deal reached last week when Jack Cooper Holdings Corp. topped a pair of private equity firms at a reopened auction.

  8. September 13, 2013

    Jack Cooper's $135M Bid Wins Reopened Allied Ch. 11 Auction

    Jack Cooper Holdings Corp. secured the winning bid to buy the bulk of bankrupt Allied Systems Holdings Inc. for $135 million, court documents filed Friday show, dealing a blow to the company's private equity creditors that had previously been deemed winners before the auction was reopened this past week.

  9. September 10, 2013

    Allied Reopens Ch. 11 Auction Amid $135M Rival Bid

    A Delaware bankruptcy judge on Monday greenlighted Allied Systems Holdings Inc.'s reopening of its Chapter 11 auction after a rival bidder upped its offer for the automotive transporter to $135 million, potentially delivering a blow to the two private equity firms that initially won the auction.

  10. September 06, 2013

    PE Firms Blast Challenge To Allied Ch. 11 Auction

    The two private equity firms that won the auction to acquire the assets of bankrupt Allied Systems Holdings Inc. struck back Friday at allegations by losing bidder Jack Cooper Holdings Corp., saying it had only raised objections because it regretted losing in the auction.

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