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Revstone Industries, Inc.

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Case overview

Case Number:

1:12-bk-13262

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. March 23, 2016

    Judge OKs Revstone Deal, Lowers $15M Creditor Claim To $2M

    Auto parts conglomerate Revstone Industries LLC won a Delaware federal bankruptcy judge's approval Tuesday for a deal ending its adversary proceeding against Netherlands-based plastic injection molding manufacturer Schoeller Arca Systems Inc., which reduces the creditor's $15 million claim to $2.1 million.

  2. April 20, 2015

    Revstone Says Ascalon Can't Recover Unpaid Health Claims

    Bankrupt auto parts conglomerate Revstone Industries LLC on Friday told a Delaware judge that it shouldn't have to cover unpaid employee health insurance claims for Ascalon Enterprises LLC, a company owned by Revstone's former chairman, saying "at no point" did it agree to assume liabilities for the plan.

  3. March 23, 2015

    Revstone Gets Nod For Ch. 11 Plan Confirmation

    A Delaware bankruptcy judge agreed Monday to greenlight the Chapter 11 plan for auto parts conglomerate Revstone Industries LLC, which includes a deal to resolve a nearly $100 million Pension Benefit Guaranty Corp. claim, laying the exit runway for what has been an arduous and contentious case.

  4. March 03, 2015

    Revstone Makes Final Push For Ch. 11 Plan Confirmation

    Auto parts conglomerate Revstone Industries LLC and several units made a final push late Monday for confirmation of their joint Chapter 11 plan, which includes a major settlement of a nearly $100 million Pension Benefit Guaranty Corp. claim, to start bringing the long and contentious case to a close.

  5. February 13, 2015

    Revstone Creditors Aim To Ax $85M Ascalon Claims

    Revstone Industries LLC's committee of unsecured creditors asked a Delaware federal bankruptcy judge on Thursday to pitch seven claims, worth $85 million, made by the auto parts conglomerate's nondebtor parent Ascalon Enterprises LLC, saying the claims are undocumented, untrue and barred given the pendency of adversary proceedings.

  6. January 07, 2015

    Fund Pays Revstone $2M Over Claims It Helped Hide Assets

    Bankrupt auto supplier Revstone Industries LLC made several moves Tuesday in Delaware bankruptcy court, filing suits to recoup funds from a South Carolina city and Anderson-Cook Inc., and unveiling a $2 million settlement with a hedge fund over claims it helped Revstone's founder hide assets in his children's trust funds.

  7. October 07, 2014

    Revstone Can Release Funds Held From $13M Canadian Sale

    A Delaware bankruptcy judge on Monday granted Revstone Industries LLC's request to release to its estate $6 million held over from the $13 million sale of equity in a Canadian unit despite objections from General Motors Co. that the debtor was unraveling a settlement that allowed the deal to close.

  8. September 24, 2014

    GM Says Revstone Trying To Undo Deal On Canadian Sale

    General Motors Co. balked Wednesday at Revstone Industries LLC's request to have $6 million held in escrow from the sale of the equity in a Canadian unit released to the bankruptcy estate, arguing the move would unravel a settlement with the auto giant that allowed the transaction to close.

  9. July 22, 2014

    Revstone Says Founder Used Kids' Trusts To Hide Assets

    Bankrupt auto parts conglomerate Revstone Industries LLC is accusing its founder of funneling assets into trusts he controls in order to avoid the reach of Revstone and its creditors, according to documents filed Tuesday in Delaware bankruptcy court.

  10. July 08, 2014

    Bankrupt Revstone Subsidiaries Submit Ch. 11 Plans

    Two subsidiaries of auto parts conglomerate Revstone Industries LLC filed reorganization plans in Delaware bankruptcy court Monday, further positioning the parent company to exit Chapter 11.

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