News

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

04/24/12

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 ...

[more]

Mediation begins in $9B Nortel bankruptcy case - Record

04/24/12

If the parties resort to litigation, Chief Justice Warren Winkler told a room full of high-priced bankruptcy lawyers, that it would deplete much of the money now available to creditors, who include pensioners of the once high-flying high-tech company.

[more]

American executive describes a late-developing decision to file for bankruptcy - Dallas Morning News (blog)

04/24/12

Asked when the company concluded that bankruptcy was a strong possibility, Goulet indicated it was about a month before the Nov. 29 filing. "In the formal time process, I'd say it was in the time frame of late October. It was clear the company was ...

[more]

Retailers docking on both sides of the bay - St. Petersburg Times

04/24/12

"If sales are off one hour, okay ... "They were highly leveraged." After filing for bankruptcy in 2009, Bailey Banks & Biddle's International Plaza store closed, and this was the push to finally expand to Tampa, Hess said.

[more]

McLaren seeks to reopen Cheboygan hospital's ER - MLive.com

04/24/12

It announced in March that it was filing for Chapter 11 bankruptcy protection after losing more than $7 million last year. Hospital officials had proposed an expedited sale to McLaren that would have kept the facility open. After the sale was blocked ...

[more]

No bonuses for MF Global employees - Freeh - Reuters UK

04/24/12

The payout authorized by U.S. Bankruptcy Judge Martin Glenn in Manhattan is on ... On Monday, the U.S. Judicial Panel on Multidistrict Litigation consolidated more than 20 lawsuits by MF Global shareholders and customers into a single case ...

[more]

MF Global judge OKs payout; Freeh says no bonuses - Chicago Tribune

04/24/12

The cases are In re: MF Global Inc, U.S. Bankruptcy Court, Southern District of New York, No. 11-02790; and In re: MF Global Holdings Ltd., U.S. District Court, Southern District of New York, No. 12-md-02338. The bankruptcy case for MF Global's ...

[more]

Freeh: No bonuses for MF Global employees - Reuters UK

04/24/12

The payout authorized by U.S. Bankruptcy Judge Martin Glenn in Manhattan is on ... On Monday, the U.S. Judicial Panel on Multidistrict Litigation consolidated more than 20 lawsuits by MF Global shareholders and customers into a single case ...

[more]

Freeh: No bonuses for MF Global employees - Reuters

04/24/12

The cases are In re: MF Global Inc, U.S. Bankruptcy Court, Southern District of New York, No. 11-02790; and In re: MF Global Holdings Ltd., U.S. District Court, Southern District of New York, No. 12-md-02338. The bankruptcy case for MF Global's ...

[more]

Freeh: No bonuses for MF Global employees - Reuters India

04/24/12

The payout authorized by U.S. Bankruptcy Judge Martin Glenn in Manhattan is on ... On Monday, the U.S. Judicial Panel on Multidistrict Litigation consolidated more than 20 lawsuits by MF Global shareholders and customers into a single case ...

[more]