He and Pinnacle chief operating officer John Spanjers, who will succeed Menke as Pinnacle chief, have been criticized for taking large salary increases as concessions were sought from employees, suppliers and others as part of Chapter 11 ...
Greenberg Traurig LLP said it has held preliminary discussions regarding lawyers at Dewey & LeBoeuf LLP, the New York law firm said to be considering options including a pre-packaged bankruptcy filing. “We have had preliminary discussions ...
It'll either catapult a combined company to the top of the airline heap or further complicate American's already-messy bankruptcy reorganization. US Airways made an end run around its larger rival and secured the support of American's three labor unions in ...
Former New York Mets outfielder Lenny Dykstra, now serving a three-year state prison term for grand theft auto, faces new charges in a federal bankruptcy- fraud case of stealing baseball memorabilia. Dykstra, 48, is charged in a superseding ...
But American's parent company, AMR Corp., which is mired in Bankruptcy Court, said it's not interested ... to $9.34 and AMR sliding 3 cents, or 4.7%, to 55 cents. Airline mergers often lead to higher fares for passengers and a cut in routes.
Both sides are appealing a bankruptcy court ruling that followed a 2010 trial ... emerged from the trial facing far less of a payout than sought by the trustee, who demanded about $7 billion from the bank. The Lehman brokerage’s parent ...
U.S. Bankruptcy Court for the District of Hawaii Chief Bankruptcy Judge Robert J. Faris held yesterday the first hearing on the motions filed by the NMI Retirement Fund related to its Chapter 11 bankruptcy petition. Faris, who is in Honolulu ...
It's best to make the decision of filing for personal bankruptcy after doing a little research and gaining a clear understanding of the topic. Continue on for some... PRLog (Press Release) - Apr 21, 2012 - Though making the choice to file bankruptcy is ...
The unions can't force a merger on their own. But they sit on the creditors' committee in the bankruptcy case so they can work with other creditors to win support for a US Airways bid. The judge gave AMR exclusive rights to offer a reorganization plan until Sept.
One potential solution is a prearranged bankruptcy filing. Under such an arrangement, Dewey could reach an agreement with its creditors while simultaneously merging with another firm, according to two people with direct knowledge of the plan who ...
