Eastman Kodak Co. reached a deal with three major banks to be provided with $895 million in debt financing following its planned emergence from bankruptcy. Click here for the Daily Bankruptcy Review article.
This week on The Broke and the Beautiful, Lou Pearlman’s bankruptcy trustee has filed a plan to repay investors, and Dionne Warwick is taking on the IRS. Also, the fight between Sly Stone and his ex-manager continues in bankruptcy court.
A federal appeals court on Wednesday ruled that the federal government went too far when seizing assets to repay Scott Rothstein’s Ponzi scheme victims, handing a victory to bankruptcy trustees. Read the Daily Bankruptcy Review article here.
Patriot Coal Corp.’s chief executive and the head of its mine workers’ union traded barbs Wednesday after the union accused the company of walking out of negotiations to reach new labor terms. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Bondholders are circling Exide Technologies Inc. looking for leverage in a Chapter 11 bankruptcy case that is shaping into a fast-moving revamp of the global battery business. Read the Daily Bankruptcy Review article here.
