News

Superior Court judge finalizes sale of Christ Hospital to for-profit owners of Bayonne, Hoboken hospitals - NJ.com

07/02/12

Velazquez signed an order last week approving its sale to Hudson Hospital Holdco, the owners of Bayonne Medical Center and Hoboken University Medical Center. The federal bankruptcy court already approved the $43.5 million sale in March after ...

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Pfizer’s Quigley Files Sixth Reorganization Plan - Bloomberg

07/02/12

In November, Pfizer reported a $701 million third-quarter charge for asbestos litigation related to Quigley. The case is In re Quigley Co., 04-15739, U.S. Bankruptcy Court, Southern District of New York (Manhattan). The appeals case is 11-2635 ...

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Mammoth Lakes, California, to File for Bankruptcy Protection - Bloomberg

07/02/12

“Bankruptcy, unfortunately, is the only option that the town is left with,” the city said in the statement. The city didn’t say when the filing would occur. The decision comes five days after the northern California city of Stockton filed ...

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Kodak Can Sell Its Patents in Bankruptcy, Judge Rules - Bloomberg

07/02/12

U.S. Bankruptcy Judge Allan Gropper in Manhattan said at a hearing today that he would approve an order allowing a sale process for more than 1,100 patents. Kodak is selling its digital-imaging patents as part of a plan to shrink the company and ...

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Stockton, Calif. set for 1st bankruptcy hearing Friday - YAHOO!

07/02/12

SAN FRANCISCO (Reuters) - Lawyers for Stockton, California will appear for the first time in a Sacramento court this week to make their case for protecting the city from its creditors in bankruptcy. Stockton, a city of nearly 300,000 in California's ...

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Stockton, Calif. set for 1st bankruptcy hearing Friday - Reuters India

07/02/12

asset sales or pension reform, it is questionable whether the City has taken all steps necessary and available to meet the stringent eligibility criteria for filing a bankruptcy petition under chapter 9," the Assured Guarantee statement said.

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Sanko Steamship Files Chapter 15 Bankruptcy in U.S. - Bloomberg

07/02/12

“The Japanese proceeding is intended to provide Sanko with the protection needed to reorganize its financial affairs and maximize recoveries for all stakeholders,” the company said in court papers, referring to the main bankruptcy case in Toky

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After Chapter 11, Long Island Developer Gets Another Shot with Luxury Hotel - Wall Street Journal

07/02/12

LONG BEACH–Allen Rosenberg just got a second chance to achieve his dream of owning an oceanfront Long Island luxury hotel about 30 miles from New York City. The real estate developer got his first chance in 2007 when he bought a former nursing ...

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Stockton, Calif. set for first bankruptcy hearing on Friday - YAHOO!

07/02/12

"We volunteered our team of municipal turnaround experts," Assured Guarantee said in a statement, "to offer a plan that would have allowed the City to avoid filing for bankruptcy". Following a California law, Stockton held three months of negotiations with ...

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Stockton, Calif. set for first bankruptcy hearing on Friday - msnbc.com

07/02/12

SAN FRANCISCO (Reuters) - Lawyers for Stockton, California will appear for the first time in a Sacramento court this week to make their case for protecting the city from its creditors in bankruptcy. Stockton, a city of nearly 300,000 in California's ...

[more]