News

Bankruptcy judge approves Hawker Beechcraft’s executive pay plan - Wichita Eagle

07/30/12

In order for the bonuses to be paid, the company must consummate a plan to stand the company up as it emerges from bankruptcy by Dec. 15 or close a sale of the company before Jan. 15. On Friday, the judge approved an additional $1.9 million in ...

[more]

Dewey Docket: Bonuses for Wind-Down Team Get Green Light - Wall Street Journal

07/30/12

A federal bankruptcy judge gave the green light Monday morning to ... The former partners now have until Aug. 7 to decide whether they want to give back up to $90.4 million they were paid in 2011 and 2012 in exchange for a release from future ...

[more]

Solyndra files Chapter 11 reorganization plan - San Jose Mercury News

07/30/12

LLC, one of the company's largest debtors and an investment vehicle of the George Kaiser Family Foundation of Tulsa, Oklahoma. The other is Madrone Partners LP. The case is Solyndra LLC, Case No. 11-12799, U.S. Bankruptcy Court, District of Delaware.

[more]

Supervalu fires CEO, taps chairman for turnaround - Businessweek

07/30/12

The company said a bankruptcy filing is not under consideration. In the letter to employees, Sales also said he would focus on the Save-A-Lot chain, which has been a bright spot for the company. Save-A-Lot stores are smaller than the company's ...

[more]

Bankruptcy plans approved for Prince, Jersey tennis racket maker - NJ.com

07/30/12

The company’s squash, racquetball and platform tennis divisions made up the remaining 17 percent of sales. Prince sought bankruptcy protection May 1 listing about $54.2 million in assets as of Dec. 31, 2011, court filings show. The company ...

[more]

Solyndra files Chapter 11 reorganization plan - San Jose Mercury News

07/30/12

Solyndra, the Fremont solar panel maker that received $535 million in federal loan guarantees before filing for bankruptcy last September, has filed a Chapter 11 reorganization plan, according to court documents. The company on Friday filed the ...

[more]

Cisco Brothers emerges from Chapter 11 bankruptcy - Furniture Today

07/30/12

"We are quite pleased with our transition out of bankruptcy and look forward to the future with great optimism." According to court documents, Cisco Brothers saw sales fall from $18 million in 2006 to $7.5 million in 2009 but had bounced back to $9.7 ...

[more]

The Daily Docket: Judge Won’t Move Kodak Patent Dispute - Wall Street Journal

07/30/12

Reuters reports that law firm Dewey & LeBoeuf LLP paid bankruptcy lawyers and consulting groups more than $7 million before its collapse. In other Dewey news, the Am Law Daily reports that a new filing in Dewey’s case identified six former ...

[more]

Fremont's Solyndra files reorganization plan - The Business Journal

07/30/12

Solyndra LLC has filed a Chapter 11 reorganization plan, Thomson Reuters reported citing court documents on Monday. The Fremont-based company made solar panels, was the recipient of a $535 million federal loan guarantee and filed for bankruptcy ...

[more]