News

Bankrupt Evergreen Solar sells Devens plant to partially repay MassDevelopment and other creditors - Boston Globe

03/27/12

The sale to Hackman Capital Acquisition Co. LLC, a Los Angeles company that acquires and manages industrial properties, was approved by a bankruptcy judge last week, court records show. Evergreen, however, will not profit from the sale.

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Tracy Press sale approved in court - Tracy Press

03/27/12

SACRAMENTO — Sale of the Tracy Press and two other newspapers for $1.25 million was approved Wednesday, March 28, by a federal bankruptcy judge in Sacramento. The sale to H. Lee Wilcox of JP Media Partners in San Angelo, Texas, is part of a package that ...

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Hawker Beechcraft Is Said to Be Preparing for Bankruptcy Filing - New York Times

03/27/12

The business jet maker Hawker Beechcraft is readying a bankruptcy filing, people briefed on the matter said on Wednesday, dealing a blow to its private equity owners, Goldman Sachs and Onex Partners. Hawker, which is based in Wichita, Kan.

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Tracy Press sale approved in court - Tracy Press

03/27/12

SACRAMENTO — Sale of the Tracy Press and two other newspapers for $1.25 million was approved Wednesday, March 28, by a federal bankruptcy judge in Sacramento. The sale to H. Lee Wilcox of JP Media Partners in San Angelo, Texas, is part of a package that ...

[more]

American Airlines seeks to cancel labor contracts - Findlaw.com

03/27/12

DALLAS (AP) — American Airlines asked a federal bankruptcy judge Tuesday to break its labor contracts and impose cost-cutting terms on workers, a move aimed to pressure unions to accept concessions. Thomas W. Horton, the CEO of American parent AMR Corp ...

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Lehman Brothers Mediator Selected by Stockton, Creditors - Bloomberg

03/27/12

He is a former U.S. bankruptcy judge who was appointed to the Lehman case, the biggest bankruptcy in U.S. history, to resolve derivatives disputes. Mabey declined to comment on the appointment. The selection starts the clock on 60 days of ...

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AMR wants to emerge from bankruptcy quickly - AZCentral.com

03/27/12

On the same call, the company's board finalized the decision to file for Chapter 11 the next morning. Horton says he got little sleep, knowing that he would have to explain the move to thousands of investors, employees, business partners ...

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Josh Flory: Rarity Pointe fight moves to bankruptcy courtroom - Knoxville News Sentinel

03/27/12

Last week, he filed a motion in the bankruptcy case, asking that the bankruptcy filing be dismissed or that approval from himself and Whelchel be required before Ross obtained debtor-in-possession financing. Stooksbury isn't the only one pushing ...

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American Airlines seeks to cancel labor contracts - Associated Press

03/27/12

DALLAS (AP) — American Airlines asked a federal bankruptcy judge Tuesday to break its labor contracts and impose cost-cutting terms on workers, a move aimed to pressure unions to accept concessions. Thomas W. Horton, the CEO of American parent ...

[more]

Lee's CEO gets a $500,000 post-bankruptcy bonus - St. Louis Post-Dispatch

03/27/12

Getting Lee Enterprises through bankruptcy earned a $500,000 bonus for Lee Enterprises CEO Mary Junck, according to a new company filing with the Securities and Exchange Commission. The compensation committee of Lee's board of directors awarded the bonus ...

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