Bankruptcy Blogs

Kerner Optical LLC, a California special-effects company once controlled by director George Lucas, has shut its lights for good after seven months in bankruptcy.

The Marin Independent Journal reported that Kerner’s demise partially stemmed from a financial dispute between managing partner Eric Edmeades, who owns two-thirds of the company, and an investor group that owns the other third.

"NewPage Corp., the largest North American maker of coated papers, filed for bankruptcy six years after being bought by Cerberus Capital Management LP. NewPage had $3.4 billion in assets and $4.2 billion in debt as of June 30, according to...

The Seventh Circuit Court of Appeals has issued the first published Circuit Court opinion on the question of whether trademarks are assignable in a Bankruptcy case.  The opinion, authored by Judge Posner, is in the case of In re XMH Corp., Nos.

Saab Automobile AB Wednesday filed for protection from its creditors in Sweden, in a move that buys time for the car maker to secure additional short-term funding to restart production, reports The Wall Street Journal.