News

Linwood Furniture could be headed for bankruptcy auction - Winston-Salem Journal

07/12/12

If the asset sale can't be completed, the company warned it would be forced to shut down. Mike Mebane, Linwood's chief executive, expressed confidence in March that Linwood would have a relatively quick stay in bankruptcy. The company sought ...

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Valence Technology: Battery Maker Files Chapter 11 - Forbes

07/12/12

Valence Technology this morning announced that it has filed Chapter 11 in the U.S. Bankruptcy Court for the Western District of Texas. The battery maker says the planned reorganization of the the company is intended to boost its liquidity in the ...

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Valence Technology files Chapter 11 petition - The Business Journal

07/12/12

Austin energy storage developer Valence Technology Inc. has filed for Chapter 11 reorganization and two board members have resigned following a dispute over the matter. Valence, which was founded in 1989, develops energy storage solutions.

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Bankruptcy and fudged accounting in San Bernardino - Reuters Blogs

07/12/12

The California Legislature enacted a new law last fall, AB 506, that requires 90 days of mediation between the city and creditors prior to a new municipal bankruptcy filing. But it is hard to see how that will be possible in San Bernardino’s case ...

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Valence Technology Files for Chapter 11 - Wall Street Journal

07/12/12

Valence Technology Inc. filed for voluntary Chapter 11 bankruptcy as the battery maker looks to boost liquidity and focus on its core business. Valence develops rechargeable batteries based on lithium ion and polymer technology licensed from Telcordia ...

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Dewey & LeBoeuf offers former partners $103.6M settlement deal - The Business Journal

07/12/12

The firm filed for Chapter 11 bankruptcy protection May 28. The deal would potentially avoid years of costly litigation, Joff Mitchell, chief restructuring officer for the bankruptcy, said during a four-hour meeting and conference call with more ...

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Valence Technology Files Voluntary Chapter 11 Business Reorganization - msnbc.com

07/12/12

Flow of Goods and Services to Customers to Continue Globally in Ordinary CourseNon‐U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subject to Court SupervisionCompany Negotiating Debtor-in-Possession Financing AUSTIN, Texas, July ...

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Kodak, in bankruptcy, seeks bonuses to keep executives - USA Today

07/12/12

Such bonus programs are common in Chapter 11 cases of publicly held companies, said Robert Rock, senior bankruptcy attorney with Albany-based law firm Tully Rinckey. "The concept is that these bonuses are given to key executives in order to keep ...

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The Daily Docket: Ocala Funding Enters Bankruptcy - Wall Street Journal

07/12/12

Ocala Funding LLC, the mortgage-securities unit of defunct lender Taylor, Bean & Whitaker Mortgage Corp ., filed for Chapter 11 protection Tuesday in a bid to recover more than $800 million it said Taylor Bean’s now-imprisoned leaders looted ...

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