News

Bankrupt RG Steel's plant auctions reported delayed - Reuters UK

07/31/12

July 31 (Reuters) - An auction to sell off steel plants under RG Steel's Chapter 11 bankruptcy proceedings has been delayed, according to steelworkers' union officials. A posting on the website of the United Steel Workers (USW) local branch in ...

[more]

Sparrows Point auction to be delayed by a week - Baltimore Sun

07/31/12

Attorneys for the company, which is in bankruptcy protection, confirmed Tuesday morning that the sale was not underway as originally planned. An attorney for Kinder Morgan, one of the major creditors, said the auction had been rescheduled to next week.

[more]

CIT Plans $3 Billion Bond Sale to Buy Back Outstanding Debt - Bloomberg

07/31/12

Bank of America Corp, Deutsche Bank AG, Goldman Sachs Group Inc, and JPMorgan Chase & Co. are managing the sale for the New York-based company run by John Thain, the person said. CIT, which emerged from bankruptcy in December 2009, sold $2 ...

[more]

Durham company files $9.5M bankruptcy - The Business Journal

07/31/12

Curaxis Pharmaceutical Corp. is liquidating in bankruptcy, putting an end to its 11-year effort to develop a drug for Alzheimer’s treatment. The Durham-based company (OTC:CURX) reported $9.5 million in liabilities on its Chapter 7 petition ...

[more]

Catholic school case gets 5 new plaintiffs - United Press International

07/31/12

Five more men have filed claims in the bankruptcy case against the Christian Brothers, claiming former teachers Brother Edward Courtney, Brother Robert Brouillette and Brother D.P. Ryan sexually abused them while they attended Christian Brothers ...

[more]

CIT Plans $3 Billion Bond Sale to Buy Back Outstanding Debt - Businessweek

07/31/12

Bank of America Corp, Deutsche Bank AG, Goldman Sachs Group Inc, and JPMorgan Chase & Co. are managing the sale for the New York-based company run by John Thain, the person said. CIT, which emerged from bankruptcy in December 2009, sold $2 ...

[more]

The Philadelphia Orchestra Association … - YAHOO!

07/31/12

Renowned for its distinctive sound, desired for its keen ability to capture the hearts and imaginations of audiences, and admired for an unrivaled legacy of "firsts" in music-making, The Philadelphia Orchestra is one of the preeminent orchestras in the ...

[more]

Cox Smith Client RTXCO Secures $15.9 Million Judgment for Misappropriation of Trade Secrets in Eagle Ford - Business Wire

07/31/12

“Marty’s skill in the courtroom and his judgment and strategic insight were vitally important to us throughout this extremely long case, and Deborah Williamson’s experience in bankruptcy litigation was a critical component of our success as wel

[more]

The Daily Docket: Solyndra Debuts Exit Plan - Wall Street Journal

07/31/12

Failed solar power equipment maker Solyndra LLC has sketched out its Chapter 11 plan and, as expected, there’s bad news for U.S. taxpayers: Estimates are $24 million of a $527 million government loan will be repaid, and that’s not a sure thing.

[more]