Reorganizations

Faruqi & Faruqi, LLP Announces Investigation of Delta Petroleum, Inc. - Yahoo Finance

04/19/12

Delta further warned investors that, should it be unsuccessful in achieving a transaction or transactions addressing the Company's liquidity, it would be forced to seek protection under Chapter 11 of the U.S. Bankruptcy Code.  On this news ...

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Exclusive: CVC nears a deal to buy AlixPartners: sources - msnbc.com

04/19/12

With some 900 professionals around the world, the firm has also worked on Chapter 11 reorganizations of firms such as Enron, General Growth Properties and Eastman Kodak . Hellman & Friedman led a leveraged recapitalization of AlixPartners ...

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Getting Status - AA Flight Attendant files brief decrying APFA union - USA Today

04/19/12

It’s no secret that American Airlines is going through chapter 11 bankruptcy proceedings in an attempt to reorganize their debts and obligations in an attempt to turn a negative cash flow situation into a profitable airline.  On April 6th the court ...

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Roberts' South Carolina hotel files for bankruptcy - St. Louis Post-Dispatch

04/19/12

Roberts Hotels Spartanburg LLC filed for Chapter 11 bankruptcy in federal court in St. Louis. The hotel, owned by St. Louis developers Michael and Steven Roberts, operated as a 200-room Clarion hotel before closing earlier this year. The hotel lists ...

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Bankruptcy Leaders Call for Chapter 11 Overhaul - Wall Street Journal

04/19/12

In the era of the iPhone, businesses that are struggling to survive turn to a bankruptcy process that was invented during the time of typewriters. The 34-year-old Bankruptcy Code, which has endured with only minimal and largely consumer-related ...

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Mamalakis' SXP Analytics files Chapter 11 - The Business Journal

04/19/12

SXP Analytics LLC, a Milwaukee company that engages in high-speed, electronic stock trading, filed for Chapter 11 bankruptcy this week in U.S. Bankruptcy Court. The company lists its address as 2266 N. Prospect Ave. and its owner as Emmanuel ...

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UPDATE 3-Southwest Air posts loss but still beats; shares rise - Reuters

04/19/12

American Airlines parent AMR Corp, which is operating under Chapter 11 protection, posted a wider quarterly loss, citing fuel and expenses tied to its reorganization. The first quarter is typically the weakest period for U.S. airlines.

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Developer of Jersey City's Liberty Harbor Files For Chapter 11 - GlobeSt. com

04/19/12

Join the thousands of real estate professionals that subscribe to the New Jersey AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with ...

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American parent AMR posts $1.7 bln 1st-qtr loss - Reuters UK

04/19/12

April 19 (Reuters) - American Airlines parent AMR Corp , which is operating under Chapter 11 protection, posted a first quarter loss on Thursday as fuel costs rose and it had expenses tied to its reorganization. The company, which sought ...

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Sean Menke to step down as Pinnacle Airlines CEO - Memphis Commercial Appeal

04/19/12

Pinnacle, in a statement, said Menke's resignation will not affect the company's Chapter 11 proceedings or its ability to successfully restructure. Menke, an airline veteran who had guided Frontier Airlines through its own Chapter 11 ...

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