April 06, 2015
The litigation vehicle left behind to dig up money for creditors to defunct Personal Communications Devices LLC cannot wipe out $49.5 million that mezzanine debt investors supplied to finance a $242 million buyout of the wireless manufacturer, a New York bankruptcy judge ruled Friday.
February 26, 2014
A New York bankruptcy judge on Monday signed off on the disclosure statement for Personal Communications Devices LLC's liquidation plan, making the wireless device manufacturer one step closer to exiting Chapter 11 protection.
January 29, 2014
The U.S. Trustee overseeing the bankruptcy of Personal Communications Devices LLC on Wednesday objected to the wireless device maker's plan to give its CEO a $2.7 million bonus, saying the company can't circumvent the Bankruptcy Code's executive compensation limits.
October 11, 2013
A New York bankruptcy judge on Thursday approved the $105.3 million sale of Personal Communications Devices LLC's assets to stalking horse bidder Quality One Wireless LLC, after the auction process failed to yield any other suitable buyers.
October 09, 2013
AT&T Services Inc. told a New York bankruptcy judge Wednesday not to approve Quality One Wireless LLC's $105.3 million stalking horse bid for Personal Communications Devices LLC, saying it unlawfully terminates liability from the bankrupt company's contracts with AT&T.
October 01, 2013
Unsecured creditors of Personal Communications Devices Inc. on Friday asked a bankruptcy judge to allow them to investigate the telecommunications company's second-lien lenders, who are also its majority equityholders.
September 17, 2013
A New York bankruptcy judge on Monday set an October auction date for the sale of Personal Communications Devices LLC's assets, which will start with a stalking horse bid of $105.3 million from Quality One Wireless LLC.
September 09, 2013
Creditors of telecommunications company Personal Communications Devices LLC on Friday urged the bankruptcy judge overseeing its Chapter 11 proceeding to reject its proposed $105.3 million asset sale and allow time to explore other offers.