News Topic: Restructuring

New court papers show Sidley Austin LLP was the big earner among the professional firms grooming Energy Future Holdings Corp. as it headed toward a restructuring, raking in a $17.5 million retainer for representing the parent company that sits atop the ... Read full article

Investors owning $1.7 billion or more in top-ranking debt say a $7.3 billion piece of Energy Future Holdings Corp.’s financing plan is a flawed and “incoherent” attempt to evade bankruptcy rules. Read the Daily Bankruptcy Review article here . ... Read full article

Federal bankruptcy monitors have named seven creditors to the influential panel that will speak for unsecured creditors in the $42 billion bankruptcy of Energy Future Holdings Corp. Read the Daily Bankruptcy Review article here . ... Read full article

Nathan Denette/Associated Press With $7.3 billion up for grabs, Nortel 's ... Read full article

Morrison & Foerster won the plum job of representing the official committee of unsecured creditors in the Energy Future Holdings Corp. Chapter 11 case, one of the biggest bankruptcies on record. ... Read full article

In the days following Genco Shipping & Trading Ltd. ‘s billion-dollar Chapter 11 filing, investment funds Aurelius Capital Partners and Och-Ziff Capital Management Group bought up stock in the dry bulk shipper, even though the stock is slated to be ... Read full article

Monday, the historic Nortel Networks Corp. cross-border bankruptcy trial will begin in Wilmington, Del., and Toronto. Judges will decide how to divvy up $7.3 billion from the sale of patents and other assets between Nortel divisions in Canada, the United ... Read full article

A judge on Thursday said some of Dish Network Corp. Chairman Charlie Ergen’s nearly $1 billion in claims in the wireless venture’s bankruptcy case will be subordinated below those of other creditors. However, in a separate ruling, she refused to approve ... Read full article

A closed Tennessee defense contractor that trained U.S. military personnel to use aerial drones—and supplied one to filmmakers for “ Captain Phillips ,” which starred Tom Hanks—has filed for bankruptcy with a plan to revive itself. ... Read full article

The TXU Monticello Steam Electric Station power plant near Mt. Pleasant, Texas, in February 2007. Reuters Energy Future Holdings Corp. ... Read full article

A bankruptcy judge Tuesday rebuffed TelexFree LLC’s efforts to keep its Chapter 11 proceedings out of Massachusetts, where most of the company’s assets and operations are based. The Daily Bankruptcy Review article is available here . ... Read full article

Phil Falcone, the head of Harbinger Capital Partners, which owns LightSquared, arrives at the U.S. ... Read full article

LightSquared’s reorganization plan gives too much to value to the wireless venture’s top shareholder,  Philip Falcone , and shouldn’t be approved, a lawyer for Dish Network Corp.  Chairman Charlie Ergen said Monday. Read the Daily Bankruptcy Review ... Read full article

GSE Environmental Inc. placed its North American operations under Chapter 11 bankruptcy protection on Sunday, with a plan to hand them off to secured lenders. Read the Daily Bankruptcy Review article in The Wall Street Journal . ... Read full article

Energy Future Holdings Corp. weathered its debut bankruptcy-court hearing on Thursday, clearing a few essential early motions at a session that made it apparent the energy company faces opposition to its restructuring strategy. Read Peg Brickley’s story ... Read full article

Dry Bulk shipper Genco Shipping & Trading Ltd. has been hit hard by the shipping industry downturn and had to file for Chapter 11 bankruptcy last month, but in the period leading up to that filing, Chairman Peter Georgiopoulos did OK. ... Read full article

Energy Future Holdings Inc.’s long-planned restructuring got off to a raucous start, with high-priced legal talent ready to do battle on behalf of creditors unhappy with the restructuring strategy. ... Read full article

The TXU Monticello Steam Electric Station power plant near Mt. Pleasant, Texas, in February 2007. Reuters Energy Future Holdings Corp. ... Read full article