News

Falcone gets extension in LightSquared creditor talks - msnbc.com

04/30/12

The debt holders were threatening to declare a default on the loan in the absence of a deal by Monday morning, which could have forced a bankruptcy ... who heads White & Case's global restructuring group. Lauria did not respond to e-mails or phone ...

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Patty Kim has been a breath of fresh air - PennLive.com

04/30/12

She takes state House candidate Patty Kim to task for not voting in favor of the City Council’s bankruptcy filing while supporting legislation to allow Harrisburg to file for bankruptcy. Her reasoning is flawed in the extreme. Kim’s refusal ...

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Phoenix Coyotes sale could be finalized next week - Phoenix Business Journal

04/30/12

A sale of the Phoenix Coyotes hockey club to an ownership group ... The NHL has owned the team since buying them out of Chapter 11 bankruptcy protection in 2009 for $140 million. The city likely won't announce the details of a Coyotes plan and public ...

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Dan Knott, respected former Chrysler purchasing chief, dies - Detroit Free Press

04/30/12

Knott became purchasing chief in December 2009, a few months after Chrysler emerged from Chapter 11 bankruptcy. Chrysler's relationship with parts suppliers also had frayed during years of aggressive price cuts under its former owners.

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Aerocrine, AB announces positive settlement of $1.320MM USD in Aperion bankruptcy proceeds. - Business Wire

04/30/12

today announced that after several years of litigation, the bankruptcy court overseeing the claims to the Aperion estate has authorized the trustee to pay Aerocrine $1.3 million dollars in a compromise against claims. The United States Bankruptcy Court ...

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Aerocrine, AB announces positive settlement of $1.320MM USD in Aperion bankruptcy proceeds. - ad-hoc-news.de

04/30/12

Aerocrine AB (NASDAQ OMX Nordic Exchange: AERO) today announced that after several years of litigation, the bankruptcy court overseeing the claims to the Aperion estate has authorized the trustee to pay Aerocrine $1.3 million dollars in a compromise against claims.

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Pinnacle bankruptcy doesn't affect W.Va. service - Yahoo Finance

04/30/12

MORGANTOWN, W.Va. (AP) -- It's business as usual at the Morgantown Municipal Airport despite a recent bankruptcy filing by the commercial carrier, Pinnacle Airlines Corp. The Memphis, Tenn., company says its current business model isn't sustainable.

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China Forestry Probe Verifies Under 1% of Reported Sales - Bloomberg

04/30/12

Sales fell 63 percent to 392.3 million yuan ... it said in February. Sino-Forest filed for bankruptcy protection last month as part of an accord with bondholders owed $1.8 billion to either sell the company to a third party or undergo a ...

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US bankruptcy judge sets hearings Monday on sale and reopening of Cheboygan Memorial Hospital - Republic

04/29/12

CHEBOYGAN, Mich. — Federal bankruptcy hearings scheduled for Monday could lead to the reopening of Cheboygan Memorial Hospital, which unexpectedly idled 400 people four weeks ago after federal regulatory issues halted its sale. The hearings ...

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Philadelphia Orchestra Tunes Up for Its Future - Wall Street Journal

04/29/12

Although it had an endowment and no long-term debt at the time, the orchestra wanted to use bankruptcy proceedings to reduce chronic operating losses caused by declining ticket sales, fallen donations, pension obligations and other financial challenges.

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