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Ampal - American Israel Corporation

  1. May 21, 2015

    Ampal Trustee Denies CEO's Bias Allegation

    Ampal-American Israel Corp.'s trustee on Thursday denied accusations from the debtor's CEO that his law firm's prior representation of a major creditor in the case should be cause to remove him from the proceedings, saying at a hearing in New York that there is no conflict that would prevent him from administering the case fairly.

  2. April 29, 2015

    Bankrupt Ampal's CEO Wants 'Conflicted' Trustee Booted

    Ampal-American Israel Corp.'s CEO accused trustee Alex Spizz and his firm, Tarter Krinsky & Drogin LLP, of a conflict of interest over Tarter's representing one of the estate's biggest creditors, asking a New York bankruptcy court Tuesday to toss the firm and trustee from the case.

  3. November 25, 2014

    Ampal CEO's Suit Says Bondholder Defamation Sunk Company

    The CEO of bankrupt energy investment holding company Ampal-American Israel Corp. sued bondholders in New York bankruptcy court on Monday claiming their "immoral, unconscionable conduct" in defaming the company and its leaders stalled a key ethanol project and drove the company toward insolvency.

  4. August 28, 2014

    Ampal-American Trustee Demands $39M From Ex-Brass

    The Chapter 7 trustee winding down energy investment holding company Ampal-American Israel Corp. lobbed a lawsuit on Wednesday demanding a combined $39 million from former executives who allegedly swung imprudent consulting and loan payments to the Ampal CEO's Israeli firm.

  5. July 11, 2013

    Ampal Trustee Says CEO Must Be Included In Bankruptcy

    The Chapter 7 trustee overseeing Ampal-American Israel Corp.'s wind-down urged a New York bankruptcy judge on Wednesday to include the energy investment company's CEO as part of the bankruptcy entity so he can obtain "critical" information from him about Ampal's finances.

  6. May 01, 2013

    Energy Investment Co.'s Bankruptcy Case Converted To Ch. 7

    A New York bankruptcy judge on Wednesday converted Ampal-American Israel Corp.'s Chapter 11 bankruptcy to a Chapter 7 liquidation after determining that the energy investment holding company does not have sufficient cash to execute a reorganization plan.

  7. April 30, 2013

    Ampal Creditors, CEO Back Trustee's Bid To Liquidate

    Ampal-American Israel Corp.'s unsecured creditors and owner have both backed its Chapter 11 trustee's bid to convert the case to a Chapter 7 liquidation following months of bickering over how the energy investment company's bankruptcy should be handled.

  8. April 19, 2013

    Ampal Trustee Wants To Convert Bankruptcy To Ch. 7

    The Chapter 11 trustee for Ampal-American Israel Corp., which invests in energy and other industries, said Friday that the company's bankruptcy should either be converted into a Chapter 7 liquidation or be dismissed because it doesn't have enough cash to see a reorganization through.

  9. April 09, 2013

    NY Bankruptcy Veteran Named Ampal's Ch. 11 Trustee

    Michael Luskin of New York bankruptcy boutique Luskin Stern & Eisler LLP on Tuesday was named the Chapter 11 trustee for Ampal-American Israel Corp., the same day all but one member of the energy investment company's board was set to step down.

  10. April 08, 2013

    Ampal Judge Rejects CRO Deal, Wants Trustee Appointed

    A New York bankruptcy judge on Friday rejected a deal that would have allowed Ampal-American Israel Corp. creditors to select a chief restructuring officer and new directors, opting instead to order the appointment of a Chapter 11 trustee to the bankruptcy proceedings.

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