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Allied Nevada Gold Corp.

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Case overview

Case Number:

1:15-bk-10503

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. October 06, 2015

    Allied Nevada Gold Wins Confirmation Of Ch. 11 Plan

    A Delaware bankruptcy judge agreed to confirm Allied Nevada Gold Corp.'s Chapter 11 plan, which aims to hand over equity in a reorganized company to unsecured creditors and swap in new first-lien debt, despite certain individual shareholders voting against the turnaround strategy.

  2. August 27, 2015

    Allied Nevada Gets Nod To Poll Creditors On Ch. 11 Plan

    A Delaware bankruptcy judge gave Allied Nevada Gold Corp. her approval Thursday to poll creditors on a Chapter 11 plan that aims to transfer a controlling 75 percent interest in a reorganized company to noteholders after the debtor forged a deal that won dissident equity holders' support for the strategy.

  3. August 19, 2015

    Allied Nevada Strikes Peace Deal To Get Ch. 11 Plan Backing

    Bankrupt Allied Nevada Gold Corp. said Wednesday it has struck a tentative peace deal with both its unsecured creditor and equity security holder committees that peels away opposition to the miner's Chapter 11 plan and would have them throw their support behind the exit strategy.

  4. August 18, 2015

    Allied Nevada Rips Objections To Ch. 11 Exec Bonuses

    Allied Nevada Gold Corp. is fighting back in Delaware bankruptcy court against equity holders' objections to its proposed bonus plan for top executives, calling the objections "insulting" and insisting the plan is necessary.

  5. July 31, 2015

    CAT Wants Equipment Back From Defunct Miner Allied Nevada

    Caterpillar Financial Services Corp. asked a Delaware bankruptcy judge Thursday to lift the automatic stay on Chapter 11 debtor Allied Nevada Gold Corp., which owes nearly $66.5 million for "massive" shovels and other equipment at its recently shuttered mine.

  6. July 28, 2015

    Allied Nevada Investors Blast Ch. 11 Executive Bonus Plan

    The committee of equity holders in Allied Nevada Gold Corp.'s bankruptcy took issue late Monday with proposed bonuses for top executives, arguing it not only flouts bankruptcy rules, but is inappropriate given the recent suspension of operations at the company's main mining facility.

  7. July 07, 2015

    Allied Nevada Investors Rip Bid For Extra Ch. 11 Plan Time

    The equity committee in Allied Nevada Gold Corp.'s bankruptcy on Tuesday blasted the debtor's bid to extend the time it can be the only one to propose a Chapter 11 plan, arguing that it's a pressure tactic to get shareholders to accept a reorganization strategy that might leave them with nothing.

  8. May 22, 2015

    Insurance Co. Balks At Allied Nevada Ch. 11 Disclosures

    Westchester Fire Insurance Co. took issue Friday with precious metal miner Allied Nevada Gold Corp.'s Chapter 11 plan disclosure statement, arguing that it appears to mistakenly presume that $52 million in surety bonds it provided can be assumed by the reorganized debtor without the insurance company's consent.

  9. April 27, 2015

    Allied Nevada Floats Ch. 11 Plan For Auction Proceeds

    Allied Nevada Gold Corp. has proposed a bankruptcy repayment plan designed to turn creditors into shareholders through an upcoming auction that lawyers hope will bring in the $25 million necessary to reorganize the mining outfit around its primary gold and silver operation.

  10. April 21, 2015

    Allied Nevada Gets Nod To Auction Exploration Assets

    A Delaware bankruptcy judge on Tuesday gave Allied Nevada Gold Corp. the green light to auction off its portfolio of exploration properties, letting the mining outfit embark on a two-month sale process with a stalking horse bidder in place.

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