Peabody Energy Sale Agreement Announced
Peabody Energy announced that one of its Australian subsidiaries has entered into a definitive agreement to sell Metropolitan Mine in New South Wales, Australia and its associated 16.67% interest in...
View ArticleSTW Resources Holding Conversion Denied
The U.S. Bankruptcy Court issued an order denying Gary Trust’s motion to convert the STW Resources Chapter 11 reorganization reorganization case to a liquidation under Chapter 7. The order states,...
View ArticleNoranda Aluminum Holding Stipulation Approved
The U.S. Bankruptcy Court issued a consent order approving Noranda Aluminum Holding’s stipulation by and among Noranda Aluminum and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy,...
View ArticleMemorial Production Partners’ Downgrades
On November 1, 2016, S&P Global Ratings lowered its corporate credit rating on Memorial Production Partners LP (MEMP) to CCC- from B- and its senior unsecured debt rating to C from CCC. “The...
View ArticleNortel Networks Bankruptcy Plan Filed
Nortel Networks filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan and a related Disclosure Statement. According to the Disclosure Statement, “The key components of the Plan include:...
View ArticleScripsAmerica Disbandment Sought
ScripsAmerica filed with the U.S. Bankruptcy Court a motion for an order directing disbandment of the official committee of unsecured creditors or, alternatively, the removal of Ironridge Global...
View ArticleSTW Resources Holding Extension Sought
STW Resources Holding filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and...
View ArticleCore Resource Management Plan Filed
Core Resource Management’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court a Chapter 11 Plan and related Disclosure Statement. According to the Disclosure Statement, “The...
View ArticleRepublic Airways Holdings Merger Approval Sought
Republic Airways Holdings filed with the U.S. Bankruptcy Court a motion, pursuant to Sections 105(a) and 363(b) of the Bankruptcy Code and Bankruptcy Rule 6004, for approval of (i) the merger of...
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Stocks Don’t Know Who You Voted For: Thoughts About Clinton Vs. Trump & The...
Excerpted from the most recent issue of George Putnam’s The Turnaround Letter, published by New Generation Research * * * * * * * The 2016 presidential election is (finally!) just around the corner....
View ArticleChaparral Energy Extension Sought
Chaparral Energy filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleNovation Companies Objections Filed
Novation Companies’ official unsecured creditors’ committee and Taberna Preferred Funding I & Taberna Preferred Funding II filed with the U.S. Bankruptcy Court separate objections to the Debtors’...
View ArticleC&J Energy Services SEIP Approved
The U.S. Bankruptcy Court approved C&J Energy Services’ senior executive incentive plan (SEIP). As previously reported, “In the months leading up to the Debtors’ bankruptcy filing, the Debtors and...
View ArticleNoranda Aluminum Holding Interim Settlement Approved
The U.S. Bankruptcy Court issued an order, on an interim basis, approving Noranda Aluminum Holding’s global settlement agreement between the Debtors; term secured parties (Cortland Capital Market...
View ArticlePerseon Disclosure Statement Approved
The U.S. Bankruptcy Court approved Perseon’s Revised Disclosure Statement and scheduled a December 20, 2016 hearing to consider the Chapter 11 Plan. According to documents filed with the Court, “Each...
View ArticleErickson Chapter 11 Petition Filed
Erickson (f/k/a Erickson Air-Crane) and six affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of Texas, lead case number 16-34393. The Company,...
View Article4Licensing Disclosure Statement Conditionally Approved
The U.S. Bankruptcy Court issued an order conditionally approving 4Licensing’s Disclosure Statement related to the Company’s Combined Chapter 11 Plan of Reorganization. As previously reported, “Debtor...
View ArticleMidway Gold Extension Approved
The U.S. Bankruptcy Court issued an order approving Midway Gold’s fifth motion to extend by 90 days the exclusive period during which the Company can solicit plan acceptances through and including...
View ArticleEnergy Future Holdings Dismissal Sought
Several individual parties filed with the U.S. Bankruptcy Court a motion to dismiss the Chapter 11 cases of Energy Future Holdings’ “Asbestos Debtors”: EECI, EEC Holdings, LSGT SACROC and LSGT Gas Co....
View ArticleLINN Energy Plant Closure Sought
LINN Energy filed with the U.S. Bankruptcy Court a motion for entry of an order (A) authorizing (i) the suspension of processing operations at the gas processing plant Satanta (located at Ulysses, KS);...
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