News

Pinnacle Airlines CEO to leave on June 1 - YAHOO!

04/19/12

Menke oversaw a Chapter 11 filing at Frontier Airlines before leaving to take the job at Pinnacle. Pinnacle Airlines Corp., which is based in Memphis, Tenn., said it doesn't expect the executive shake-up to impact the timing of its Chapter 11 reorganization.

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US Airways makes deals with 3 AMR unions - Philadelphia Daily News

04/19/12

On their own, the unions can't force a combination. However, they hold three of the nine seats on the committee of unsecured creditors in AMR's bankruptcy case. That committee can ask the judge to review AMR's current exclusive right to present ...

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A Prominent Bankruptcy Lawyer Now Ministers to His Firm - New York Times

04/19/12

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 ...

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AMR unions plan to back takeover bid by US Airways - AP - msnbc.com

04/19/12

On Thursday, the company reported a $1.66 billion loss for the first quarter, mostly on bankruptcy-reorganization costs. On Monday in New York, AMR is scheduled to begin presenting its case for throwing out union contracts and imposing new pay, benefits ...

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Law firm retains bankruptcy counsel, role unclear - Reuters India

04/19/12

The hiring of Togut does not necessarily mean Dewey is planning a bankruptcy filing. For example, the firm could be looking for legal help to renegotiate its debt. One partner who recently left Dewey said the firm could be preparing for a so ...

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AMR unions plan to back takeover bid by US Airways - Syracuse Post-Standard

04/19/12

A spokesman for American said Thursday that the company is focused on its own plan to reorganize under bankruptcy protection, which he called the best option for the airline's 73,000 employees. US Airways Group Inc., based in Tempe, Ariz., declined to comment.

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Bankruptcy Attorney. - Victoria Advocate

04/19/12

If you are declaring for bankruptcy , hire the services of a competent bankruptcy lawyer to bail you away from your financial mess. In most cases, a bankruptcy lawyer can certainly help his clients to know the functions and implications with the ...

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Elpida Is the Apple of Global Tech's Eye - Businessweek

04/19/12

The mobile DRAM (dynamic random-access memory) business is “the only thing worth buying” among Elpida’s assets, says Amir Anvarzadeh, a manager for Asian equity sales at BGC Partners. Elpida filed for bankruptcy after its main business ...

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SNP Bankruptcy Court Can't Challenge French Holdings: Judge - site.law360.com

04/19/12

Law360, New York (April 19, 2012, 7:11 PM ET) -- A Florida federal judge on Wednesday reinstated the Chapter 15 case of French company SNP Boat Services SA and said that a U.S. bankruptcy court cannot examine foreign court decisions on a case-by-case basis ...

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Faruqi & Faruqi, LLP Announces Investigation of Delta Petroleum, Inc. - Yahoo Finance

04/19/12

Delta further warned investors that, should it be unsuccessful in achieving a transaction or transactions addressing the Company's liquidity, it would be forced to seek protection under Chapter 11 of the U.S. Bankruptcy Code.  On this news ...

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