Reorganizations

50 Cent's Notorious B.I.G. Mansion Only Sells For $2.9 Million - Forbes

04/02/19

50 Cent's Notorious B.I.G. Mansion Only Sells For $2.9 Million  Forbes

The Grammy winner's infamous estate is allegedly the biggest in the northeast—known for its helicopter pad, nightclub, wild parties and rumored stripper poles.

[more]

Sungard AS Files for Chapter 11 Bankruptcy After 'Struggling Mightily' - Channel Partners

04/02/19

Sungard AS Files for Chapter 11 Bankruptcy After 'Struggling Mightily'  Channel Partners

Sungard AS plans to file chapter 11 bankruptcy protection early next month as part of a consensual agreement with a majority of its creditors to reduce its nearly ...

[more]

Developer facing two lawsuits over missed payments files bankruptcy - WV MetroNews - West Virginia MetroNews

04/02/19

Developer facing two lawsuits over missed payments files bankruptcy - WV MetroNews  West Virginia MetroNews

Developer John Wellford and his company, Corotorman, file to be protected from debts while reorganizing.

[more]

Oil Hits 2019 High On Shale Slowdown | OilPrice.com - OilPrice.com

04/02/19

Oil Hits 2019 High On Shale Slowdown | OilPrice.com  OilPrice.com

Oil prices have hit yet another 2019 high as shale production hits a speedbump and fears of an economic slowdown fade.

[more]

Reading Eagle Company sale plan approved - Reading Eagle

04/02/19

Reading Eagle Company sale plan approved  Reading Eagle

Federal bankruptcy judge gives OK to May 15 deadline for bids, May 17 auction.

[more]

U.S. judge orders PG&E to hold dividends to pay for efforts to reduce wildfire risks - Reuters

04/02/19

U.S. judge orders PG&E to hold dividends to pay for efforts to reduce wildfire risks  Reuters

A U.S. judge said on Tuesday that PG&E Corp may not resume paying dividends and must use the money to fund its plan for cutting down trees to reduce the ...

[more]

PG&E and hedge funds near deal on new CEO and board overhaul, sources say - Los Angeles Times

04/02/19

PG&E and hedge funds near deal on new CEO and board overhaul, sources say  Los Angeles Times

The deal between PG&E and a group of investors includes naming Bill Johnson as CEO, according to people familiar with the matter.

[more]

PG&E reportedly nears a deal to overhaul its executive board and replace the CEO - CNBC

04/02/19

PG&E reportedly nears a deal to overhaul its executive board and replace the CEO  CNBC

Embattled PG&E is reportedly nearing a deal to overhaul its executive team. The California-based utility company has agreed with a group of hedge funds to ...

[more]