November 15, 2016
Liquidating mall security provider IPC International Corp. and California guards suing for wage-and-hour violations pitched a class settlement in Delaware bankruptcy court Monday that will likely see the class take pennies on the dollar after seeking more than $55 million.
October 09, 2013
A Delaware bankruptcy gave the green light Wednesday to the $25.4 million sale of mall security firm IPC International Corp. to stalking horse bidder Universal Protection Service LLC after a competitive auction that saw the initial bid grow by nearly 20 percent.
September 05, 2013
A Delaware bankruptcy judge gave final approval Wednesday to IPC International Corp.'s $12 million debtor-in-possession loan, allowing the mall security firm to move forward with a planned Chapter 11 sale to an industry rival.
August 27, 2013
The U.S. Trustee's Office on Tuesday questioned an employee bonus plan for bankrupt mall security firm IPC International Corp., arguing that all the work was already done when the company filed for Chapter 11 protection with a deal for a $21 million stalking horse sale in hand.
August 13, 2013
Bankrupt shopping mall security firm IPC International Corp. won interim approval Tuesday of a $12 million post-petition revolving credit facility the company says will help fund its case while it zeroes in on a $21 million stalking horse sale to rival Universal Protection Service LLC.