News

Pinnacle bankruptcy felt from Downtown Memphis to airport - The Business Journal

04/03/12

With Pinnacle Airlines Corp. Pinnacle Airlines Corp. Latest from The Business Journals Follow this company filing for Chapter 11 bankruptcy protection ... square feet was a contingency of the sale. Downtown Memphis Commission president Paul ...

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Court dates set for American motion to reject contracts - The Business Journal

04/03/12

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. Fort Worth-based ...

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Traders Hit Brakes On GM After March Sales Report, Ford In Neutral - Forbes

04/03/12

Don Johnson, GM’s vice president of U.S. sales, said “both the economy and GM’s product ... both GM and Chrysler were spiraling toward eventual bankruptcy filings. While the government-aided rescue of two of Detroit’s Big Three ...

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Rakoff Asked to Move 400 Madoff Suits as Deadline Passes - Bloomberg

04/03/12

Madoff’s brokerage filing papers in the past week to beat a deadline for asking that their cases be moved to district court from bankruptcy court. U.S. District Judge Jed S. Rakoff, who let the New York Mets owners move their dispute to his ...

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Pink Slime Bankruptcy: Ground Beef Processor Files For Chapter 11 After Heated Backlash - International Business Times

04/03/12

"Pink slime" is certainly not the way to America's heart or stomach; and one ground beef processor found that out the hard way. AFA Foods filed for Chapter 11 bankruptcy on Monday, saying the backlash over the meat filler dubbed "pink slime" hurt its business.

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Pink Slime Bankruptcy: Beef Processor AFA Foods Files For Chapter 11 Amid 'Pink Slime' Uproar - Huffington Post

04/03/12

April 2 (Reuters) - Ground beef processor AFA Foods filed for bankruptcy protection on Monday, citing the impact of the uproar over a meat filler dubbed "pink slime" by critics. Meat processors have faced a backlash over the use of an ammonia ...

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The Daily Docket: Reddy Ice Considers Bankruptcy - Wall Street Journal

04/03/12

Reddy Ice Holdings Inc. is considering seeking bankruptcy protection in a prearranged deal with lenders and other stakeholders as it continues to incur losses, the company said in a regulatory filing. Read the Daily Bankruptcy Review article here.

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Attorneys Share Insights on Licensing Issues in Bio Pharma/Life Sciences - Yahoo Finance

04/03/12

Outside of bankruptcy, a creditor may seek to avoid these transactions ... LeClairRyan provides business counsel and client representation in corporate law and litigation. In this role, the firm applies its knowledge, insight and skill ...

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AFA Foods cites 'pink slime' in Chapter 11 filing - Post-Bulletin

04/03/12

The headline: Ground beef processor AFA Foods is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over the beef filler known as "pink slime" derailed its efforts to save its struggling business.

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JGB Bank takes 45% loss on Sunrise plaza short sale - The Business Journal

04/03/12

JGB Bank accepted a 45 percent loss on its mortgage balance by approving the short sale of the Royal Plaza retail center in Sunrise. The bankruptcy case was resolved in March, when the judge approved the sale of the 66,259-square-foot retail center at 6289 ...

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