SFX Entertainment Resignation Agreement Approval Sought
SFX Entertainment filed with the U.S. Bankruptcy Court a motion for an order to enter into a resignation and transition agreement with Robert F. X. Sillerman. The motion explains, “The RSA was...
View ArticleOsage Exploration and Development Conversion Sought
The U.S. Trustee assigned to the Osage Exploration and Development case filed with the U.S. Bankruptcy Court a motion to convert the Chapter 11 reorganization to a liquidation under Chapter 7. The...
View ArticlePeabody Energy KERP Approval Sought
Peabody Energy filed with the U.S. Bankruptcy Court a motion for an order approving a key employee retention plan (KERP). The motion explains, “The KERP will cost the Debtors no more than $3.24 million...
View ArticleFTI Consulting Named “Global Turnaround Consulting Firm of the Year”
FTI Consulting, Inc. announced that it was recently named Global Turnaround Consulting Firm of the Year for the second consecutive year and was awarded four Turnaround Atlas Awards by the Global...
View ArticleUCI Holdings Limited Chapter 11 Petition Filed
UCI Holdings Limited and 12 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-11354 (UCI International). The Company,...
View ArticleWarren Resources Chapter 11 Petition Filed
Warren Resources and five affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 16-32760. The Company, which is engaged...
View ArticleCaesars Entertainment Operating Company Conversion Approval Sought
Caesars Entertainment Operating Company filed with the U.S. Bankruptcy Court a motion to authorize the Debtors to convert (A) Caesars World (B) Showboat Holding (C) Parball Corporation and (D) Grand...
View ArticleEnergy XXI Equity Holders Committee Sought
Energy XXI’s ad hoc committee of equity interest holders filed with the U.S. Bankruptcy Court an emergency motion to appoint an official committee of equity holders. The motion explains, “The Debtors...
View ArticleAlpha Natural Resources Reconsideration Sought
The United Mine Workers of America Combined Benefit Fund and the United Mine Workers of America 1992 Benefit Plan (collectively, the “Coal Act Funds”) filed with the U.S. Bankruptcy Court a motion for...
View ArticleRolta India Limited Downgraded Three Times
On May 27, 2016, Fitch Ratings downgraded Rolta India Limited’s Issuer Default Ratings and senior unsecured class rating to CC from B. Simultaneously, Fitch downgraded the ratings on the Rolta, LLC’s...
View ArticleHercules Offshore Prepackaged Chapter 11 Petition Filed–Second Bankruptcy
Hercules Offshore and 13 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 16-11385. The Company, which provides...
View ArticleNoranda Aluminum Holding Program, Plans Approved
The U.S. Bankruptcy Court approved Noranda Aluminum Holding’s senior management severance program for non-insider employees. As previously reported, “Specifically, the Modified Senior Management...
View ArticleSG Blocks Plan Filed
The U.S. Bankruptcy Court approved SG Blocks’ Amended Plan of Reorganization, which was filed on April 15, 2016. According to documents filed with the Court, “On the Effective Date of the Plan, the...
View ArticleSeventy Seven Energy Chapter 11 Petition, Plan Filed
Seventy Seven Energy (a/k/a Chesapeake Oilfield Operating) and ten affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
View ArticleDoral Financial Disclosure Statement Approved
The U.S. Bankruptcy Court approved Doral Financial’s Disclosure Statement and scheduled a July 25, 2016 hearing to consider the Amended Plan of Reorganization. According to the Disclosure Statement,...
View ArticleSFX Entertainment Successful Bidder Announced
SFX Entertainment filed with the U.S. Bankruptcy Court a notice of (i) successful bidder for its Flavorus Assets and (ii) potential assumption and/or assignment or rejection of additional executory...
View ArticleSunEdison Objections Filed
Multiple parties – including RLI Insurance Company, Atlantic Specialty Insurance Company and Argonaut Insurance Company – filed with the U.S. Bankruptcy Court separate objections to SunEdison’s motion...
View ArticleNoranda Aluminum Holding Extension Sought
Noranda Aluminum Holding filed with the U.S. Bankruptcy Court a second motion to extend the exclusive period, by 120 days, during which the Company can file a Chapter 11 plan and solicit acceptances...
View ArticleVerso Successor Chairman Designated
Verso announced that David J. Paterson, president, C.E.O. and a director of Verso, will become the chairman of the board immediately upon the Company’s emergence from Chapter 11 protection. In...
View ArticleBioNitrogen Holdings Settlement Approved
The U.S. Bankruptcy Court approved BioNitrogen Holdings’ settlement agreement with the City of Perry. As previously reported, “The settlement resolves all matters and disputes between the parties,...
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