News

Yavapai Downs sells for $3.25 million - Arizona Daily Star

04/04/12

The bankrupt Yavapai Downs fetched $3.25 million during a bankruptcy auction. The Daily Courier ( http ... The USDA has final say because it still holds $14.7 million in loans on the track. The asking price for the 125-acre site was $12.7 million.

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UPDATE: Dynegy, Key Creditors Ink Preliminary Bankruptcy Deal - NASDAQ

04/04/12

The proposal would reshift Dynegy's coal assets, which were transferred to shareholders of its parent, Dynegy Inc. (DYN), before the bankruptcy filing, back to creditors, meaning public stockholders of Dynegy's parent would likely be all but wiped out.

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Dynegy settles with creditors after blistering examiner report - Houston Chronicle

04/04/12

Dynegy’s treatment of creditors leading up to its bankruptcy filing was more noxious than the emissions from its coal plants. Last summer, it created a separate company to hold its coal-fired power plants — its most lucrative assets — and shield them ...

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Dynegy says settlement reached over $2.5 billion in claims in subsidiary's bankruptcy - Orlando Sentinel

04/04/12

The agreement will be filed as a settlement in the Dynegy Holdings Chapter 11 bankruptcy case, and must still be approved by the court. Dynegy CEO Robert Flexon said the settlement could end legal disputes that might have dragged on for years.

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American Airlines gets court date for motion to reject union contracts - The Business Journal

04/04/12

The judge in the American Airlines American Airlines Latest from The Business Journals Follow this company bankruptcy case set April 23 as the date to begin hearings in the airline’s motion to reject its labor union contracts. American ...

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Settlement in Dynegy subsidiary bankruptcy case - Houston Chronicle

04/04/12

Its credit ratings have suffered as well. Dynegy Holdings LLC and four of its subsidiaries filed for bankruptcy protection on Nov. 7, with a plan to restructure $4 billion in debt. The bankruptcy proceedings have been contentious. Even before the filing ...

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New ruling may affect Cedar Funding distributions - Monterey County Herald

04/04/12

The bankruptcy liquidation remains snarled in litigation, and the trustee has said the best many investors can hope to recover is a few cents on the dollar. of the fractional investors, said two other pending cases involve the same issue that Whyte addressed.

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UPDATE 1-Dynegy says settles disputes over bankrupt unit - Reuters UK

04/04/12

Dynegy said it reached an agreement in principle with creditors holding more than $2.5 billion of claims against the Dynegy Holdings LLC unit, which filed for bankruptcy protection on Nov. 7. It said the agreement "contemplates the resolution of ...

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Solar Trust of America files for Chapter 11 bankruptcy - Transworld News

04/04/12

Solar Trust of America LLC filed for Chapter 11 bankruptcy in Delaware court on Monday, putting what would be the world’s largest solar power project on hold. Solar Trust of America was forced to file for debt protection after its parent company began ...

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Solar Trust of America files for Chapter 11 bankruptcy - Transworld News

04/04/12

Solar Trust of America LLC filed for Chapter 11 bankruptcy in Delaware court on Monday, putting what would be the world’s largest solar power project on hold. Solar Trust of America was forced to file for debt protection after its parent company began ...

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