Oil and gas producer Samson Resources LLC, which was taken over by KKR & Co. in a leveraged buyout in 2011, filed for bankruptcy protection, The Wall Street Journal reports.
Global Maritime Investments Cyprus Ltd., a dry bulk shipper, filed for chapter 11 protection in New York Tuesday to wind down amid an industry downturn. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Creditors of Endeavour International Corp. are fighting the company’s efforts to get its chapter 11 bankruptcy case dismissed.Read the Daily Bankruptcy Review article here.
Patriot Coal Corp. on Friday said efforts to firm up a deal with its bankruptcy lenders to finance the sale of its mines have led it to postpone its auction for a second time. Read the Daily Bankruptcy Review story in The Wall Street Journal.
Surfwear retailer Quiksilver Inc. won preliminary loan approval during its bankruptcy-court debut.Read the Daily Bankruptcy Review article via the Wall Street Journal.
Patriot Coal Corp. executives must sit for questioning with West Virginia environmental regulators, a judge ruled. Read the Daily Bankruptcy Review article via the Wall Street Journal.
Haggen Holdings LLC, a supermarket operator from the West Coast, filed for chapter 11 bankruptcy protection after suing Albertsons Co. over a deal worth $300 million. Read the Daily Bankruptcy Review article via The Wall Street Journal.
A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments, The Wall Street Journal reports.
Patriot Coal Corp. averted a bankruptcy showdown with its miners on Thursday after the union representing its workers and the company’s proposed suitor agreed on a new employment pact, The Wall Street Journal reports. The deal still needs a vote of approval from union members.
