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MLex

Altegrity, Inc., et al.

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Case overview

Case Number:

1:15-bk-10226

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 19, 2015

    Feds Call Out Liability Issues In Altegrity's Ch. 11 Plan

    The U.S. government took issue Friday with security screening firm Altegrity Inc.'s Chapter 11 plan, arguing it includes improper liability releases from a whistleblower suit over alleged fraud, and doesn't clarify that nondebtors won't be shielded in a separate Labor Department investigation of the company's retirement plan.

  2. May 22, 2015

    USIS Whistleblower Wants Fraud Suit Protected In Ch. 11

    The former U.S. Investigations Services LLC employee who blew the whistle on alleged fraud at the government background-check contractor filed a complaint Thursday in parent company Altegrity Inc.'s bankruptcy, seeking protection for his lawsuit and the hefty award he stands to reap if he wins his case.

  3. May 15, 2015

    Altegrity Gets Nod To Put Ch. 11 Plan Up For Vote

    A Delaware bankruptcy judge blessed Altegrity Inc.'s Chapter 11 disclosure statement Friday, allowing the risk and information company to start soliciting votes for a restructuring plan designed to trim its debt load by $700 million.

  4. May 14, 2015

    Altegrity Defends Ch. 11 Disclosure Statement

    Altegrity Inc. defended its Chapter 11 plan on Thursday, telling a Delaware bankruptcy court that now is an inappropriate stage at which to deal with accusations that the plan would extinguish employees' $20 million worth of claims that they were fired without warning.

  5. April 17, 2015

    Altegrity Fights To Keep Units' Docs Under Wraps In Ch. 11

    Risk and information services outfit Altegrity Inc. told a Delaware bankruptcy judge Friday it would identify contractors and government clients of the unit that vetted U.S. National Security Agency leaker Edward Snowden but requested authority to seal similar data Dow Jones & Co. Inc. has sought about its other businesses.

  6. April 14, 2015

    Watchdog, Dow Jones Blast Altegrity Bid To Seal Ch. 11 Docs

    Risk and information services company Altegrity Inc., which had come under fire for a unit's vetting of National Security Agency leaker Edward Snowden before filing for Chapter 11 protection, was hit with criticism Tuesday from Dow Jones & Co. Inc. and the U.S. Trustee's Office for filing some of its financial information under seal.

  7. March 30, 2015

    Unsecured Creditors On Short End In Altegrity's Ch. 11 Plan

    Risk and information service firm Altegrity Inc. unveiled the workings of its bid to slash $700 million in debt on Monday in Delaware bankruptcy court, detailing a plan that would leave unsecured creditors likely recovering only 2 percent of their more than $82 million in claims.

  8. March 16, 2015

    Altegrity Gets Nod For $90M DIP And Debt-Cutting Plan

    A Delaware bankruptcy judge gave risk and information service firm Altegrity Inc. the thumbs-up Monday for $90 million in stopgap financing and its restructuring support agreement with creditors that aims to slash $700 million in debt, despite lingering opposition from a putative class of laid-off employees.

  9. March 11, 2015

    Creditors Slam Altegrity's $700M Restructuring Agreement

    Altegrity Inc.'s unsecured creditors took aim at the bankrupt risk and information service provider's request to pursue a prearranged $700 million debt-cutting strategy, criticizing the "undue control" that senior bondholders would receive over restructuring terms.

  10. February 09, 2015

    Altegrity Hits Ch. 11 After State-Sponsored Cyberattack

    Risk and information service company Altegrity Inc., which had come under fire for a unit's vetting of National Security Agency leaker Edward Snowden, filed for Chapter 11 protection Sunday to implement a prearranged strategy to slash its $1.8 billion in debt by 40 percent and citing a "state-sponsored" cyberattack.