October 10, 2018
Navillus Tile Inc., a significant player in major New York City construction projects, received bankruptcy court approval Wednesday to fulfill a plan of reorganization that will allow the contractor to emerge from Chapter 11 intact and placate its once-adversarial union workforce.
May 31, 2018
Construction heavyweight Navillus Tile Inc. has unveiled a Chapter 11 restructuring plan premised almost entirely on winning a pending appeal in the Second Circuit, as the contractor seeks to fend off $176 million in union claims tied to the disastrous district court ruling that pushed Navillus into bankruptcy in the first place.
April 25, 2018
Bankrupt construction contractor Navillus Tile Inc. told a judge Wednesday that $30 million worth of priority claims by union workers should be bumped down the priority stack, while the unions said there are clear justifications for priority status even though they did no work for Navillus.
April 11, 2018
A group of construction worker unions representing employees of Navillus Tile Inc. argued Wednesday that the bankrupt New York-based contractor must prioritize some of their wage claims, saying they can be easily substantiated with documentation.
November 29, 2017
A New York construction contractor in bankruptcy after losing a $76 million judgment for avoiding union benefit fund payments won the right Wednesday to borrow $7.5 million from a proposed $135 million debtor-in-possession loan after coming to terms with creditors worried about the creation of a superpriority lien.
November 27, 2017
A group of employee pension funds urged a New York bankruptcy court on Monday to reject a construction contractor's request for $135 million in debtor-in-possession financing, saying the proposed creation of a new superpriority lien may preclude their ability to collect on a $76 million judgment against the company.