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ChinaCast Education Corporation
Case Number:
1:16-bk-13121
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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December 06, 2017
ChinaCast Settles With Creditors, Ch. 11 Plan OK'd
ChinaCast Education Corp. is on its way out of Chapter 11 proceedings after a New York bankruptcy judge Wednesday approved the company's orderly liquidation plan and a linchpin settlement with a class of shareholders that freed up a path to plan confirmation.
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November 22, 2017
ChinaCast Reaches Deal To Advance Ch. 11 Plan Confirmation
ChinaCast Education Corp. and a private equity firm sitting on a $66 million judgment against the defunct company asked a New York bankruptcy court Tuesday for a second chance at approval of a settlement, which would see them team up to pursue $30 million worth of the debtor's insurance policies.
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October 18, 2017
ChinaCast, Creditors Prodded To Settle Insurance Payout Row
A private equity fund sitting on a $66 million class action judgment against now-bankrupt ChinaCast Education Corp. may be able to sue the debtors' insurers for payment without stepping on the toes of the company or other creditors, a New York bankruptcy judge observed Wednesday, encouraging the sparring parties to negotiate.
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October 17, 2017
ChinaCast Shareholders Defend Bid To Collect From Insurers
After winning a $66 million judgment against now-bankrupt ChinaCast Education Corp., private equity fund Jayhawk continued fighting Monday for payments from ChinaCast insurers, telling a New York bankruptcy judge its pursuit is not an "asset grab" but the logical outcome of the situation.
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October 11, 2017
ChinaCast, Lenders Slam PE Firm's Insurance Payout Request
ChinaCast Education Corp. and a group of its senior lenders Wednesday asked a New York bankruptcy judge to deny a creditor a $15 million insurance payout on a securities class action judgment, calling it an improper asset grab.
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September 18, 2017
ChinaCast Bankruptcy Can't Stop Insurance Payout: Creditors
ChinaCast Education Corp. creditors asked a New York bankruptcy judge on Monday to find that their $66 million securities class action judgment against the company the day before its bankruptcy filing must be paid out by insurers despite a bankruptcy litigation stay.