September 02, 2015
A Delaware bankruptcy judge on Wednesday cleared the creditors committee in Boomerang Tube LLC's Chapter 11 case to hire a consultant on a confidential basis to analyze how general unsecured creditors would fare under the oil and gas pipe maker's proposed reorganization plan.
August 25, 2015
The federal bankruptcy watchdog on Monday renewed its push against provisions in retention applications that cover a law firm's cost for defending its fees, refuting arguments from the Boomerang Tube LLC creditors committee defending the measure for its co-counsel Brown Rudnick LLP and Morris Nichols Arsht & Tunnell LLP.
August 11, 2015
A Delaware bankruptcy judge approved oil and gas pipe maker Boomerang Tube LLC's plan support agreement in a hearing Tuesday following an about-face by the committee of unsecured creditors, which abandoned opposition to allow the case to move forward.
August 04, 2015
Citing the U.S. Supreme Court's recent landmark ruling on fee shifting, the U.S. trustee objected Monday to applications by unsecured creditors in oil and gas piping manufacturer Boomerang Tube's Delaware bankruptcy case to use the debtors' estate to pay Brown Rudnick LLP and others to defend their own fees.
July 31, 2015
The unsecured creditors committee in the Boomerang Tube LLC case took aim Friday at the Chapter 11 plan support agreement the oil and gas piping manufacturer entered bankruptcy with, arguing that it is no longer needed and would stop the debtor from following the court's instructions to consider alternatives.
July 22, 2015
Bankrupt oil and gas piping manufacturer Boomerang Tube LLC has agreed to pay a reduced penalty and undertake other measures to resolve a government complaint over the company's failure to correct various workplace hazards, according to court papers filed Tuesday in Delaware.
July 17, 2015
A Delaware bankruptcy judge agreed to give oil and gas piping manufacturer Boomerang Tube LLC the final OK on Friday for its $145 million debtor-in-possession financing package, but not before the lenders made several changes to its terms and the debtor agreed to remain open to sale possibilities.
July 14, 2015
Oil and gas piping manufacturer Boomerang Tube LLC urged the Delaware bankruptcy court late Monday to give it the final OK for its $145 million debtor-in-possession financing package, arguing that objections from unsecured creditors are an "exercise in creative writing."
July 08, 2015
Boomerang Tube LLC's trustee wants Debevoise & Plimpton LLP to charge less for its work in the gas pipe maker's bankruptcy, saying Tuesday that Boomerang's proposed special counsel should take a 10 percent discount it had offered before the Chapter 11.
July 01, 2015
Boomerang Tube LLC filed its Chapter 11 plan and disclosure statement on Tuesday, proposing to split the company in two and convert $214 million in term debt into equity and notes in the new companies.