News

GE Sues Two Advertising Companies Over Internet Patents - Bloomberg

04/30/12

A bankruptcy plan approved in advance by creditors could ... Bienenstock, whose restructuring team represented Los Angeles Dodgers LLC in its sale to a group including former professional basketball player Magic Johnson, didn’t respond to ...

[more]

Good News Bad News! Octo-Mom Files For Bankruptcy, Has House Foreclosure Auction Delayed - Radar Online.com

04/30/12

"The bank told me that the auction had been postponed until May 7 and I told them that Nadya had filed for bankruptcy, which I think they already knew," Haddadin tells RadarOnline.com exclusively. "They didn't tell me why the auction had been postponed.

[more]

Luhrs Marine Group Announces The Commencement Of Proceedings Under Chapter 11 Of The Bankruptcy Code - Yahoo Finance

04/30/12

In conjunction with the filing, the Company filed first day motions that ... The Company is being advised by Robert Hirsh and George Angelich of Arent Fox LLP as bankruptcy general counsel; Capstone Advisory Group, LLC as financial advisors ...

[more]

Bankruptcy judge approves Kodak's bonus plans - Wall Street Journal

04/30/12

ROCHESTER, N.Y. — A U.S. Bankruptcy Court judge has approved Kodak's plan to pay up to $13.5 million in bonuses to retain key managers as it reorganizes under bankruptcy protection. The Rochester-based company said during a court hearing ...

[more]

Viking Sea terminal sold - Miami Herald

04/30/12

The Viking Sea Terminal has changed hands in a bankruptcy sale, but will continue serving as a warehouse for cargo heading in and out of Haiti and elsewhere in the Caribbean. Raul Gonzalez, owner of H&R Paving, paid $2.2 million for the 16,500 ...

[more]

AMR says it lost $807 million in March because of restructuring charges - Fort Worth Star-Telegram

04/30/12

In a bankruptcy filing made on Monday, AMR Corp. posted a $807 million loss for the month of March. The Fort Worth-based carrier said it spent $856 million on reorganization items, including $841 million in aircraft financing renegotiations and ...

[more]

Clinton business closes putting 62 out of work - msnbc.com

04/30/12

A produce company has closed in Clinton, putting 62 out of work. Adams Produce Company, of Birmingham, filed for reorganization under Chapter 11 in bankruptcy court on Friday, according to court records. The company employs 400 workers and has distribution ...

[more]

Kodak judge approves extra payments to employees - msnbc.com

04/30/12

U.S. Bankruptcy Court Judge Allan Gropper approved the motion during a hearing. The case is in re: Eastman Kodak Co et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-10202. (Reporting by Caroline Humer in New York; editing by Andre Grenon)

[more]

Security Firm Handled White House’s ‘Burn Bag’ - Wall Street Journal

04/30/12

That admission came spilling out into bankruptcy court less than a week after Maryland-based security-guard provider TW & Co. filed for Chapter 11 protection owing nearly $3 million on its federal tax bill. The 617-worker company said it would ...

[more]

Madoff costs surpass victim pay-offs as strategy falls short - Miami Herald

04/30/12

a bankruptcy lawyer with Bingham Greenebaum Doll LLP in Louisville, Kentucky. “People can object to his fees if he spent millions on litigation and promised a lot of stuff and it didn’t work out.” As a result of Picard’s setbacks in ...

[more]