Reorganizations

Hunter Marine parent company files for Chapter 11 bankruptcy - Gainesville Sun

05/01/12

The parent company of Hunter Marine Corporation filed for Chapter 11 bankruptcy reorganization Monday in U.S. Bankruptcy Court for the District of New Jersey. Morgan Industries Corporation is the parent company of Alachua-based sailboat and ...

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American labor chief to leave as airline pares job cuts in latest union offer - Miami Herald

05/01/12

American filed for bankruptcy on Nov. 29, in part because of labor expenses it said were more than $800 million a year above those of peers that had used Chapter 11 to shed costly obligations such as pensions and retiree medical benefits.

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Law Enforcement Associates to shut down - The News & Observer

05/01/12

The company has changed its bankruptcy filing from Chapter 11 to Chapter 7, meaning it will be liquidated and close its doors. CEO Paul Briggs couldn’t be reached for comment Tuesday. LEA originally filed for Chapter 11 in late July.

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American streamlines management, cuts jobs - Atwonline.com

05/01/12

American Airlines (AA) parent AMR Corp., which is restructuring via the Chapter 11 bankruptcy process (ATW Daily News, March 29), on Tuesday announced it will eliminate five manager positions as part of the third phase of restructuring.

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Dodgers sale creates field of dreams in bankruptcy - Reuters UK

05/01/12

(Reuters) - The Los Angeles Dodgers' $2 billion sale creates a new game plan for loss-making sports teams hoping to command top dollar -- file for Chapter 11. The deal, sealed on Tuesday, saw the team sold to a consortium including basketball ...

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Dodgers sale creates field of dreams in bankruptcy - YAHOO!

05/01/12

(Reuters) - The Los Angeles Dodgers' $2 billion sale creates a new game plan for loss-making sports teams hoping to command top dollar -- file for Chapter 11. The deal, sealed on Tuesday, saw the team sold to a consortium including basketball legend Earvin ...

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Oscars to stay in same theater for 20 more years - AP - msnbc.com

05/01/12

During this year's Oscar ceremony, host Billy Crystal jokingly referred to the space as the "Chapter 11 Theatre." Sherak said the motion picture academy, which did not immediately renew its deal with CIM Group last year, briefly considered moving ...

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Prince Sports files for bankruptcy protection - msnbc.com

05/01/12

Prince Sports, known for its association with professional tennis, has filed for Chapter 11 bankruptcy protection. Based in Bordentown Township, Prince makes racquets, shoes and accessories for tennis and other sports. Almost two years ago, it ...

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Betsey Johnson to close its three Bay State stores - Boston Herald

05/01/12

Betsey Johnson LLC will close all three of its Massachusetts stores no later than Aug. 1 in the wake of its Chapter 11 bankruptcy protection filing last week. The stores are located on Boston’s Newbury Street and in the Natick Mall and Burlington Mall.

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L.A. Dodgers sale formally closes - United Press International

05/01/12

Guggenheim, which includes former basketball star Earvin Johnson and hedge fund tycoon Mark Walter, bought the storied franchise from Frank McCourt for a lofty $2.15 billion and will bring it out of Chapter 11 bankruptcy. "The Dodgers emerge ...

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