Reorganizations

New York Uncovers $1 Billion in Sackler Family Wire Transfers - The New York Times

09/13/19

New York Uncovers $1 Billion in Sackler Family Wire Transfers  The New York Times

The New York attorney general's office said Friday that it had tracked about $1 billion in wire transfers by the Sackler family, including through Swiss bank ...

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US-Based Syncreon chooses English Scheme of Arrangement Over Chapter 11 For Financial And Corporate Restructure - JD Supra

09/13/19

US-Based Syncreon chooses English Scheme of Arrangement Over Chapter 11 For Financial And Corporate Restructure  JD Supra

On Tuesday (11th September) the English High Court sanctioned two schemes of arrangement which are integral to the restructure of Syncreon, ...

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Charming Charlie founder bids to buy brand, IP assets out of bankruptcy - Houston Business Journal

09/13/19

Charming Charlie founder bids to buy brand, IP assets out of bankruptcy  Houston Business Journal

A bankruptcy court hearing is scheduled for Sept. 16 to approve the sale of Charming Charlie's brands and intellectual property assets.

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Latest on Greg Homesley CPA PC Inc. and more - Jacksonville - Jacksonville Business Journal

09/13/19

Latest on Greg Homesley CPA PC Inc. and more - Jacksonville  Jacksonville Business Journal

This week in Jacksonville bankruptcies include Greg Homesley CPA PC Inc. and Wildwood Antique Mall LLC. For the year, Jacksonville has recorded 32 ...

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US Trustee Motions to Move LeClairRyan to Chapter 7 - Bloomberg Big Law Business

09/13/19

US Trustee Motions to Move LeClairRyan to Chapter 7  Bloomberg Big Law Business

The acting U.S. trustee filed a motion to convert LeClairRyan's Chapter 11 bankruptcy to a Chapter 7; Hunton Andrews Kurth, Greenberg Traurig to get legal ...

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Bankrupt Philadelphia refinery to get $50 mln insurance payment -documents - Reuters

09/13/19

Bankrupt Philadelphia refinery to get $50 mln insurance payment -documents  Reuters

Insurers of a fire-damaged Philadelphia refinery have indicated they would make a $50 million initial advance payment in connection with a June blaze that led ...

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Bankruptcy judge accepts Weatherford reorganization plan - Chron

09/13/19

Bankruptcy judge accepts Weatherford reorganization plan  Chron

A bankruptcy judge in Houston has issued an order accepting a Chapter 11 reorganization plan filed by the struggling oilfield *service* company Weatherford ...

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Brooklyn Group Buying HNA Center Defaults: Requests 60 More Days To Close - Rockland County Business Journal

09/13/19

Brooklyn Group Buying HNA Center Defaults: Requests 60 More Days To Close  Rockland County Business Journal

The Brooklyn group under contract to buy the HNA Training Center in Palisade has defaulted on its contract and is seeking relief in the bankruptcy court.

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Klarman’s Baupost Poised to Cash In On PG&E Insurance Bet - Wall Street Journal

09/13/19

Klarman’s Baupost Poised to Cash In On PG&E Insurance Bet  Wall Street Journal

Hedge fund Baupost Group stands to make hundreds of millions of dollars from its investment in insurance claims tied to the wildfires that pushed PG&E into ...

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PG&E Agrees to USD 11 Billion Settlement Regarding Insurance Subrogation Claims - Financialbuzz.com

09/13/19

PG&E Agrees to USD 11 Billion Settlement Regarding Insurance Subrogation Claims  Financialbuzz.com

PG&E Corporation (NYSE: PCG) have agreed to pay 85% of insurance subrogation claims, amounting in an USD 11 Billion settlement. This is in regards to the ...

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