News Topic: Restructuring

The results handily beat estimates as the company benefited from CEO Ellen Alemany’s ongoing effort to shed businesses and simplify operations. ... Read full article

Gawker Media Group will head to bankruptcy court Monday in hopes of putting itself up for sale following a crippling legal judgment. The media company will ask the Manhattan bankruptcy court to sign off not only on its sale timeline, but also the stalking ... Read full article

Sports-equipment giant Russell Brands LLC made a bid to purchase the world’s first smart basketball, whose sensors transmit ball-handling data to smartphones. The Kentucky manufacturer, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Co., ... Read full article

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The retention of a professional firm in a chapter 11 case, while requiring some thoughtful and perhaps tedious work, is incredibly straightforward. There are long established standards that are intended to protect the integrity of the proceeding and form ... Read full article

The Roman Catholic Diocese of Gallup, N.M., on Tuesday won court approval of its plan to compensate clergy sexual abuse victims, paving the way for it to exit bankruptcy. Following a hearing at the U.S. Bankruptcy Court in Albuquerque, N.M., Judge David ... Read full article

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The bankrupt unit of casino giant Caesars Entertainment Corp. will ask a judge to approve the plain-language outline of its chapter 11 restructuring plan on Wednesday, an approval that is usually seen as the first step toward exiting bankruptcy. ... Read full article

On Monday in Manhattan, Sabine Oil & Gas Corp. and creditors it has fought for nearly a year in bankruptcy court will kick-off a seven-day showdown over the company’s multibillion-dollar restructuring plan. During the hearing, which promises to be ... Read full article

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SunEdison Inc. shareholders will urge a bankruptcy judge on Tuesday to appoint a committee that would look out for their interests during the solar-power giant’s case, arguing that SunEdison management can’t be trusted. In recent court papers, lawyers for ... Read full article

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Texas’s Goodrich Petroleum Corp. will ask a judge in Houston on Tuesday to sign off on its bankruptcy-exit plan, one of the final steps in concluding the oil and gas producer’s bankruptcy case. Houston-based Goodrich, which sought bankruptcy protection ... Read full article

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Atlantic City, N.J., is in the midst of a financial crisis that has been in the making for years. Increased competition and a host of unfortunate spending and hiring decisions have led to a state of affairs that currently features the nation’s highest ... Read full article

Timothy Bennett has joined law firm Seyfarth Shaw as senior counsel in the firm’s corporate department. Mr. Bennett focuses on distressed and special situations sectors and has worked with brokerages, hedge funds and banks. He has experience in bankruptcy ... Read full article

On Thursday in Richmond, Va., a bankruptcy judge will hold a preliminary hearing on Alpha Natural Resources Inc.’s multibillion-dollar debt-repayment plan. ... Read full article