April 07, 2014
A Tennessee bankruptcy judge on Monday signed off on a settlement, worth as much as $2 million, of a multidistrict litigation class action accusing Oreck Corp. of false advertising over claims its vacuum cleaners could purify the air of germs.
September 16, 2013
A putative class of about 200,000 customers on Friday asked a bankruptcy judge in Tennessee to lift the automatic stay granted to Oreck Corp. so the class could pursue claims for alleged false advertising over a vacuum's ability to purify the air of germs.
July 09, 2013
The parent company of Hoover vacuums on Monday acquired bankrupt vacuum manufacturer and longtime competitor Oreck Corp., outbidding the family's own $23 million attempt to keep their namesake.
May 21, 2013
Bankrupt vacuum cleaner manufacturer Oreck Corp. and its unsecured creditors on Tuesday came to a working agreement on a streamlined asset sale to an inside stalking-horse buyer, assuaging some concerns by creditors that Oreck was trying to skirt reorganization plan requirements and other creditor protections.