Reorganizations

Philly Orchestra, musicians' pension fund settle - Boston Globe

04/24/12

The agreement was announced Tuesday by the judge overseeing the Chapter 11 bankruptcy reorganization filed a year ago by the orchestra. The orchestra is finalizing details on an amended contract with the Kimmel Center, its landlord.

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Mezzanine Borrower’s Chapter 11 Case Filed on Eve of Foreclosure Sale Dismissed as a Bad Faith Filing - jdsupra.com

04/24/12

On December 22, 2011, Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware dismissed with prejudice a mezzanine borrower’s chapter 11 case. See In re JER/ Jameson Mezz Borrower II LLC, 461 B.R. 293 (Bankr. D. Del. 2011).

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Nepotism Concern Roils NBA Union as Players Question Hire - Bloomberg

04/24/12

The union switched to Steptoe & Johnson when he moved there. Howrey filed for chapter 11 bankruptcy protection and dissolved last year. Billy Hunter’s daughter Robyn, the union’s benefits director, was on the organization’s payroll with an ...

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Slide show: What's at stake in a US Airways-American Airlines merger - The Business Journal

04/24/12

The latter is in Chapter 11 bankruptcy, and US Airways Group Inc.’s management is making a play for American and its parent company, AMR Corp. AMR Corp. Latest from The Business Journals Follow this company An American-US Airways merger would ...

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Dynegy Asks Bankrutpcy Judge To Quash Subpoena Of CEO - Businessweek

04/24/12

The bank had previously sued over the asset transfers but has agreed to drop that suit. Houston-based Dynegy Holdings filed for Chapter 11 in November so it could restructure billions of dollars in debt in bankruptcy court and get out of two ...

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U.S. trustee objects to Kodak plan to pay $13.5M in retention bonuses - Democrat and Chronicle

04/24/12

Business services now account for 51 percent of revenue at Rochester’s largest publicly traded employer. But technology, the heart of what Xerox does in Rochester, “remains core to our business model,” CEO Ursula Burns says.- 9:44 pm The ...

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MF Global Executives Will Not Receive Bonus Money, Trustee Says - Businessweek

04/24/12

MF Global Inc. While the holding company is returning funds to creditors under Freeh in a Chapter 11 bankruptcy, the brokerage unit is returning funds to customers. That unit has a separate trustee, James Giddens, appointed under the Securities ...

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American Airlines CEO Tom Horton downplays US Airways merger talk - The Business Journal

04/24/12

American Airlines American Airlines Latest from The Business Journals Follow this company boss Tom Horton told airline employees Monday that US Airways' US Airways Latest from The Business Journals Follow this company merger overture “in no ...

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Energy Conversion Devices extends auction deadline - AP - msnbc.com

04/24/12

The Auburn Hills, Mich.-based company announced Feb. 14 that it was seeking Chapter 11 bankruptcy protection. At the time, Energy Conversion Devices said it was putting its solar panel unit up for sale as well. United Solar Ovonic is separately filing for ...

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Congress Takes Fresh Look at MF Global - New York Times

04/24/12

Noting in his prepared remarks that he ultimately waived the privilege, he said that to do so at a “very early stage potentially could have been contrary to my obligations as Chapter 11 Trustee.” Mr. Freeh is also expected to address the ...

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