News

US Airways makes deals with 3 AMR unions - Associated Press

04/20/12

They said Friday that a merger with US Airways Group Inc. is the best way to fix American, which filed for bankruptcy protection in November. The unions oppose American's plan to cut 13,000 union jobs and sharply cut labor costs to return to profitability.

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The Daily Docket: Judge Says Union’s Pension Stance Threatens Hostess - Wall Street Journal

04/20/12

Eastman Kodak Co. Chief Executive Antonio Perez’s total compensation in 2011 declined for the second straight year as the 131-year old company headed toward a bankruptcy filing, the company indicated in a court filing. Read the DBR article via WSJ.

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University of Houston - Downtown Recognizes Ben Aderholt as Outstanding Adjunct - Yahoo Finance

04/20/12

Aderholt joined Looper Reed in 2002 as a Member where his practice focuses on Commercial Litigation, Construction Law and Bankruptcy.  Aderholt graduated from the University of Texas with a B.A. in 1964 and a J.D. in 1968. He participated in ...

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GE Beats Estimates as Energy Sales Buoy Industrial Unit - Bloomberg

04/20/12

That period included a freeze in global credit markets with the bankruptcy of Lehman Brothers Holdings Inc ... whether it’s continued strong orders or sales.” Revenue dropped 8 percent to $35.2 billion, while still beating analysts ...

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Hawaii judge hears Fund's Chapter 11 case - Saipan Tribune

04/20/12

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 ...

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US Airways announces plans to take over American - CBS News

04/20/12

(MoneyWatch) US Airways (LCC) has filed an 8K with the SEC to begin the process of a takeover of American Airlines, which is currently in Chapter 11 bankruptcy. According to the SEC, "Form 8-K is the: 'current report' companies must file with ...

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A 12-Pack of Stories from a Lifelong Dallas Mavericks Fan: Chapter 11 - Bleacherreport.com

04/20/12

Did you see 2001: A Space Odyssey? Did you understand it? You don’t have to play smart with me, as I freely admit it escaped me completely. I get that there is something about human evolution—where we’ve been and where we’re going—and the evils ...

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Morning Take-Out - New York Times

04/20/12

Such a filing, called “prepackaged” bankruptcy, tends to be shorter in duration than a traditional Chapter 11 bankruptcy filing and could spare the firm time and potential legal headaches. The move could also help the firm avoid a painful ...

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AMR reports 1Q loss of $1.66 billion [Tulsa World, Okla.] - Businessweek

04/20/12

"International performance was improved across all regions, with unit revenue in the Atlantic entity increasing by 9.7 percent in the first quarter ... the first quarter was its $1.4 billion in bankruptcy restructuring expenses -- $1.02 billion ...

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Dewey & LeBoeuf Said to Consider Prepackaged Bankruptcy - New York Times

04/20/12

Such a filing, called “prepackaged” bankruptcy, tends to be shorter in duration than a traditional Chapter 11 bankruptcy filing and could spare the firm time and potential legal headaches. The move could also help the firm avoid a painful ...

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