Colt Defense LLC filed for chapter 11 bankruptcy protection Sunday night, warning its business is in a fragile state and it needs a quick sale to survive, The Wall Street Journal reports.
The long-running legal battle between Lehman Brothers Inc. and Barclays PLC , which bought Lehman’s brokerage business days after the investment bank collapsed, has ended. The Wall Street Journal has the Daily Bankruptcy Review article here.
This week on The Broke and the Beautiful, former baseball great Mike Piazza is interested in buying Parma, and film studio Relativity Media is doing some refinancing. Also, Teresa Giudice made her first tweet from prison.
Brian K. Gart has joined the Gordian Group as managing director and general counsel. Mr. Gart, who has worked with boards of directors for companies in distressed financial situations, most recently was a partner with law firm Berger Singerman. He also has experience working with bankruptcy trustees, creditors’ committees and plan funders. Mr.
A toll road that runs across northern Indiana exited bankruptcy protection and will now be operated by Australia’s IFM Investors. The Wall Street Journal has the Daily Bankruptcy Review article here.
