Goldman Sachs Group Inc. beat out Fortress Investment Group LLC for the right to lend Arcapita Bank up to $350 million that would ease the Bahraini investment firm out of Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.
Revel AC Inc., which saw its high-end Atlantic City, N.J., resort and casino falter nearly as soon as it opened its doors, won approval to exit bankruptcy with a fraction of the de
Residential Capital LLC is suing a group of junior bondholders to block them from wresting control of the subprime mortgage lender’s bankruptcy case. Read the Daily Bankruptcy Review article here.
Eastman Kodak Co. reached a deal to hand over its “personalized imaging” and “document imaging” businesses to U.K. retirees, The Wall Street Journal reports.
New York-based KIT digital Inc., which helps get video content to stream over the Web, filed for Chapter 11 bankruptcy protection on Thursday to get rid of some of the underperforming businesses it purchased during a $320 million buying binge. Read the Daily Bankruptcy Review article here.
Waste processor Synagro Technologies Inc. filed for Chapter 11 bankruptcy protection Wednesday with an offer in hand to be acquired by an affiliate of Swedish private-equity firm EQT. Read the Daily Bankruptcy Review article here.
The remains of two long-dormant manufacturing companies—Yarway Corp. and Saberhagen Holdings Inc.—were resurrected in bankruptcy court to deal with thousands of asbestos lawsuits. Read the DBR Small Cap article here.
Liquidators of the Swiss derivatives unit of Lehman Brothers Holdings Inc. said a recent settlement may double recoveries for the subsidiary’s creditors.
