Peabody Energy Compromise Approved
The U.S. Bankruptcy Court issued an order approving Peabody Energy’s stipulation and motion for an order approving and memorializing the terms of the Debtors’ settlement of certain issues with the...
View ArticleAeropostale Extension Approved
The U.S. Bankruptcy Court approved Aeropostale’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including October...
View ArticleNoranda Aluminum Holding Objections Filed
California First National Bank and The Government of Jamaica filed with the U.S. Bankruptcy Court separate objections to Noranda Aluminum’s motion for (i) an order establishing bidding procedures for...
View ArticleHercules Offshore Sales Approved
The U.S. Bankruptcy Court issued three separate orders approving the following Hercules Offshore (HERO)’s sales motions: (i) authorizing Debtor The Offshore Drilling Company (TODCO) to sell the...
View ArticleEnergy Future Holdings Credit Agreement Amended
The U.S. Bankruptcy Court issued an order approving Energy Future Intermediate Holdings (EFIH) and EFIH Finance’s motion for entry of an order (a) authorizing the EFIH Debtors to enter into a first...
View ArticleMagnetation Objection Filed
Magnetation’s ad hoc committee of senior secured noteholders and D.I.P. financing lenders filed with the U.S. Bankruptcy Court an objection to the Debtors’ joint combined motion for an order (i)...
View ArticleMediaShift Bankruptcy Case Dismissed
The U.S. Bankruptcy Court issued an order authorizing and directing distribution of funds of the estates to creditors, dismissing MediaShift’s Chapter 11 bankruptcy cases and providing related relief....
View ArticleEnergy Future Holdings Plan Filed
Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a Fourth Amended Joint Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The EFH...
View ArticleCaesars Entertainment Operating Company Update Issued
Caesars Entertainment Corporation (CEC) announced that it, along with affiliates of Apollo Global Management and TPG Capital (together, “the sponsors”), have proposed an enhancement to their...
View ArticleBIND Therapeutics Stipulation Approved
The U.S. Bankruptcy Court issued an order approving BIND Therapeutics’ stipulation by and between DNIB Unwind (f/k/a Bind Therapeutics) and Comerica Bank. As previously reported, “Specifically, the...
View ArticleSunEdison Sale Approved
The U.S. Bankruptcy Court approved SunEdison’s motion for entry of an order authorizing and approving (i) the private sale of SunEdison Holdings’ shares in SuneTroughton Farm Solar Limited to purchaser...
View ArticleLight Tower Rentals Objection Filed
Texas Comptroller of Public Accounts filed with the U.S. Bankruptcy Court an objection to Light Tower Rentals’ Joint Prepackaged Chapter 11 Plan. The objection asserts, “The Plan appears to provide...
View Article4Licensing Chapter 22 Bankruptcy
4Licensing (f/k/a 4Kids Entertainment) and 60 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Oklahoma, lead case number 16-11714. The...
View ArticleEnergy Future Holdings Estimation Motion Filed
Energy Future Holdings Debtor affiliate Texas Competitive Electric Holdings Company (TCEH), together with its direct parent company, Energy Future Competitive Holdings Company (EFCH) and certain of...
View ArticleSamson Resources Objection Filed
The U.S. Trustee assigned to the Samson Resources’ case filed with the U.S. Bankruptcy Court an objection to Debtors’ motion for entry of an order (i) establishing bidding procedures and granting...
View ArticleCHC Group Sale of Helicopter Approved
The U.S. Bankruptcy Court issued an order approving CHC Group’s motion for an order authorizing and approving CHC Helicopter Australia to consummate the private sale of Airbus Helicopter AS332L1 with...
View ArticleC&J Energy Services Objection Filed
The U.S. Trustee assigned to the C&J Energy Services case filed with the U.S. Bankruptcy Court an objection to the Debtor’s non-insider compensation program. The objection explains, “The Debtors...
View ArticleCaesars Entertainment Operating Company Stipulation Filed
Caesars Entertainment Operating Company’s official committee of second priority noteholders filed with the U.S. Bankruptcy Court a stipulation regarding Caesars Interactive Entertainment (CIE) sale...
View ArticlePalatin Technologies, Inc. Audit Concern
In Form 10-K filed on September 19, 2016, Palatin Technologies, Inc.’s auditor, KPMG LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to KPMG, the...
View ArticleGolfsmith International Holdings Objection Filed
The U.S. Trustee assigned to the Golfsmith International Holdings’ case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for an order approving bidding procedures for the sale...
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