News

U.S. trustee objects to Kodak plan to pay $13.5M in retention bonuses - Democrat and Chronicle

04/25/12

The U.S. trustee for Kodak’s Chapter 11 bankruptcy case this week filed an objection in bankruptcy court against the company’s employee continuity plan. Kodak on April 4 filed a motion seeking court approval to pay a total of $8.5 million in ...

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UPDATE 1-W. R. Grace 1st-qtr profit beats Street - Reuters

04/25/12

April 25 (Reuters) - W.R. Grace & Co posted a first-quarter profit that topped analysts' estimates helped by higher pricing of its products, but the chemicals maker said it expects to incur operating losses upon its emergence from bankruptcy.

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Ulster tries to ensure tax payment from Western Mohegan Tribe - Times Herald-Record

04/25/12

A hearing on dismissing the bankruptcy and the tribe's sale proposal is set for Wednesday. An April 7 brush fire destroyed 44 hotel buildings and cottages. Police have charged Lance Muckenhaupt with arson, a felony, in the blaze. Muckenhaupt had ...

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Grace Reports First Quarter 2012 Adjusted EPS of $0.88 - Biloxi Sun Herald

04/25/12

Adjusted EBIT means net income adjusted for interest income and expense, income taxes, Chapter 11- and asbestos-related costs, net, divestment expenses, restructuring expenses and related asset impairments and gains and losses on sales of ...

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Philly Orchestra, musicians' pension fund settle - Philadelphia Daily News

04/25/12

The agreement was approved Tuesday by the judge overseeing the Chapter 11 bankruptcy reorganization filed a year ago by the orchestra. The orchestra is still working on a new contract with the Kimmel Center, its landlord.

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Bankruptcy numbers decrease during first quarter of 2012 - Las Vegas Review Journal

04/25/12

But Chapter 7 liquidations and Chapter 11 reorganizations for both companies and people with high debt loads declined as well. Because the desire to save a home often drives individuals to bankruptcy as a last resort, attorneys have said that the bank ...

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Philadelphia Orchestra settles with musicians’ pension fund - Philadelphia Daily News

04/25/12

Resolving the most quarrelsome aspect of its bankruptcy, the Philadelphia Orchestra Association has settled with the national musicians' pension fund that had threatened expensive and time-consuming litigation over the orchestra's withdrawal ...

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Musicians' pension-fund issue resolved, clearing way for end to the orchestra bankruptcy - Philadelphia Daily News

04/25/12

Resolving the most quarrelsome aspect of its bankruptcy, the Philadelphia Orchestra Association has settled with the national musicians' pension fund that had threatened expensive and time-consuming litigation over the orchestra's withdrawal from it.

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Ulster tries to ensure tax payment from Western Mohegan Tribe - Times Herald-Record

04/25/12

"(The Mohegan tribe) filed its bankruptcy petition merely to delay and frustrate the efforts of its creditors," Gray wrote. "There is no doubt that they filed this case in bad faith." Ulster County claims the tribe has no means to generate ...

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Philadelphia Orchestra settles with musicians’ pension fund - Philadelphia Daily News

04/25/12

Resolving the most quarrelsome aspect of its bankruptcy, the Philadelphia Orchestra Association has settled with the national musicians' pension fund that had threatened expensive and time-consuming litigation over the orchestra's withdrawal ...

[more]