Revstone Industries, Inc.

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Case overview

Case Number:

1:12-bk-13262

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

June 25, 2014
Revstone Gets Thumbs Up To Sell $13M Stake In Canadian Unit

A Delaware bankruptcy judge agreed Wednesday to approve Revstone Industries LLC's $13 million sale of its equity stake in a Canadian unit to private equity firm Zynik Capital Corp after the auto parts conglomerate resolved an issue with General Motors Co. that had threatened the transaction's closing.
June 11, 2014
Judge OKs Revstone's $13M Sale, But GM Still Has Objections

A Delaware bankruptcy judge said Wednesday that he's ready to approve Revstone Industries LLC's $13 million sale of its equity stake in a Canadian unit to private equity firm Zynik Capital Corp., but the deal is in danger of collapsing after General Motors Co. refused to back down from its objection.
June 04, 2014
Bankrupt Revstone To Sell Stake In Canada Unit For $13M

Bankrupt auto parts conglomerate Revstone Industries LLC on Wednesday announced it will sell its equity stake in a Canadian subsidiary to stalking horse bidder Zynik Capital Corp. for approximately $12.9 million.
May 09, 2014
Revstone Creditor Deal Waved Through, PBGC To Get $75M

Auto parts conglomerate Revstone Industries LLC got a Delaware bankruptcy judge's blessing Friday for an expanded settlement with creditors that promises Pension Benefit Guaranty Corp. at least $75 million, enhances recoveries for other constituencies and provides peace between the formerly warring parties.
April 24, 2014
PBGC Rips Revstone Creditors' 'Wasteful' Bid To Oust It

The Pension Benefit Guaranty Corp. pushed back Wednesday against an attempt to kick it off the unsecured creditors committee for its proposed deal to settle $95 million in pension-related claims in the Revstone Industries LLC bankruptcy, calling the move "wasteful and unproductive."
April 22, 2014
Bankrupt Revstone Seeks Approval Of $14M Subsidiary Sale

Bankrupt auto parts conglomerate Revstone Industries LLC urged a Delaware bankruptcy judge on Monday to approve the more than $14 million sale of Revstone Wallaceburg Canada Inc., a subsidiary that owns more than 25 million shares of diecast tooling manufacturer Aarkel Tool & Die Inc.
April 18, 2014
GM Says $95M Revstone, PBGC Deal Ignores Its Claims

General Motors LLC took issue Friday with a settlement bankrupt auto parts conglomerate Revstone Industries LLC reached with the Pension Benefit Guaranty Corp. to resolve more than $95 million in pension-related claims, arguing the deal ignores the auto giant's $10 million in claims against the debtor.
April 09, 2014
Revstone Unsecured Creditors Want PBGC Off Committee

Unsecured creditors in auto parts conglomerate Revstone Industries LLC's case told the Delaware bankruptcy court Wednesday that they want the Pension Benefit Guaranty Corp. kicked off the creditors committee over a settlement the agency struck with the debtor to resolve $95 million in pension-related claims.
March 13, 2014
Revstone Parent Blasts Deal Over $95M In Pension Claims

The nondebtor parent for bankrupt auto parts conglomerate Revstone Industries LLC on Thursday blasted a proposed settlement the company struck with the Pension Benefit Guaranty Corp. to resolve more than $95 million in pension-related claims, arguing the debtor is raising the white flag with regard to the agency's claims.
February 14, 2014
Bankrupt Revstone Reaches Deal Over $95M In PBGC Claims

Bankrupt auto parts conglomerate Revstone Industries LLC announced Friday that it had struck a deal with the largest creditor in its case, the Pension Benefit Guaranty Corp., to resolve more than $95 million in pension-related claims against the debtor and affiliates, marking "a critical turning point" in the 14 month-long Chapter 11.