News Topic: Restructuring

Comcast Corp. urged a Texas bankruptcy judge to allow CSN Houston, the television network that broadcasts Houston Astros baseball games and Houston Rockets basketball games, to stay in bankruptcy, arguing the dismissal of its case would empower the Astros ... Read full article

Peter Foley/Bloomberg News Wilbur Ross Wilbur Ross, whose Talmer Bancorp has agreed to invest $97 million to take over Capitol Bancorp’s stakes in its fo ... Read full article

Shareholders for Italian airline Alitalia approved a proposal to raise up to EUR300 million ($406.9 million) to try to save it from bankruptcy, The Wall Street Journal reports . According to WSJ , some of Suntech’s U.S. bondholders are trying to force the ... Read full article

Blaming the government shutdown, lawyers for the Centers for Medicare and Medicaid Services persuaded a bankruptcy judge on Monday to delay a court hearing that could have allowed a California medical supplier to get out of Chapter 11 protection. ... Read full article

A bankruptcy trustee for failed solar panel manufacturer Energy Conversion Devices is suing three Chinese companies for $950 million over allegations of price fixing and the dumping of cheap solar panels that drove the U.S. company out of business. Read ... Read full article

Ben Margot/Associated Press Struggling Stockton, Calif., struck a deal with the bond insurer behind the city’s roughly $125 million pension bond debt—its largest borrowed debt—that will enable the city to stretc ... Read full article

Getty Images Citigroup Inc. ... Read full article

Furniture Brands International Inc.’s board of directors has switched course, replacing Oaktree Capital Management with New York’s KPS Capital Partners LP as the lead bidder at an upcoming bankruptcy auction. Read the Daily Bankruptcy Review article here ... Read full article

Getty Images Paul Singer ‘s hedge fund Elliott Management has agreed to pay GBP650 million ($1.05 billion) to the corporate parent of Lehman Brothers ... Read full article

Agence France-Presse/Getty Images A trust representing “old” General Motors’ unsecured creditors agreed to stop trying to reclaim funds that GM had paid to a group of hedge funds, among them ... Read full article

Justin Sullivan/Getty Images British retail giant Tesco PLC’s U.S. ... Read full article

GateHouse Media Inc. started voluntary Chapter 11 bankruptcy proceedings in a federal court in Delaware, moving forward with its prepackaged plan to reorganize. Read the article in Daily Bankruptcy Review . ... Read full article

Canadian oil and gas company Lone Pine Resources Inc. said Wednesday it has launched bankruptcy proceedings in Canada and filed for Chapter 15 bankruptcy protection in the U.S. in a bid to slash its debt load. Read the Daily Bankruptcy Review article here ... Read full article

A judge on Tuesday forced LightSquared to remove an independent director named to help oversee the sale of the Philip Falcone-controlled wireless satellite company, agreeing with lenders that her sour relationship with would-be buyer Dish Network Corp. ... Read full article

Nati Harnik/Associated Press This April 25, 2006 file photo shows the Great Platte River Road Archway, which spans Interstate 80 just east of Kearney, Neb. ... Read full article

Bank lenders Monday officially ratcheted down the pressure on Overseas Shipholding Group Inc. after the tanker company unveiled financial projections that will be the basis for restructuring talks. Read the Daily Bankruptcy Review article here . ... Read full article

Energy Future Holdings Corp.’s creditors signed confidentiality agreements to look at financial information that isn’t public, a step toward bankruptcy, The Wall Street Journal reports . ... Read full article

This week on The Broke and the Beautiful, rapper DMX is down to his last $50 in cash. Also, Robin Williams is in some financial distress, and Young Buck’s bankruptcy plan was cleared by a federal watchdog. ... Read full article