News Topic: Restructuring

Detroit lawyer Corinne Ball said that city leaders are “working mightily” to secure a loan. Read the Daily Bankruptcy Review article here . ... Read full article

Dance New Amsterdam , a nonprofit New York dance education and performance center, said it will close its doors for good if it doesn’t raise $50,000 by Friday. ... Read full article

The city of San Bernardino, Calif., won approval to restructure in Chapter 9 bankruptcy protection, The Wall Street Journal reports . A bankruptcy judge Wednesday confirmed K-V Pharmaceutical Co.’s Chapter 11 restructuring plan, which is based on a $275 ... Read full article

A federal judge dismissed Bank of America Corp.’s $1.7 billion lawsuit against the Federal Deposit Insurance Corp., a win for the regulator in the long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at ... Read full article

Lehman Brothers Holdings Inc. is suing two entities controlled by German entrepreneur Klaus Tschira in a bid to recover 100 million euros Lehman says was transferred to one of his investment vehicles one business day before Lehman’s 2008 bankruptcy ... Read full article

National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press UMWA International President Cecil Roberts (left) holds had with supporters. ... Read full article

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. was cleared Tuesday to emerge from bankruptcy court, putting a bookend on an American ric ... Read full article

Furniture Brands International Inc., one of the nation’s largest home furniture makers, has tapped restructuring lawyers and advisers to deal with its debt load, people familiar with the matter said. Read the Daily Bankruptcy Review article via The Wall ... Read full article

Excel Maritime Carrier Ltd. doled out more than $3.4 million to Chairman Excel Maritime Carrier Ltd. doled out more than $3.4 million to Chairman Gabriel Panayotides in the 12 months before the shipping firm filed for bankruptcy. The total included Mr. ... Read full article

Jim Rydbom/Associated Press Kodak Colorado Division Building C-29 Eastman Kodak Co. ... Read full article

Two days after Anchor BanCorp Wisconsin Inc. sought Chapter 11 protection , federal securities regulators said they settled fraud charges against the bank-holding company and a former executive. ... Read full article

A judge declined to approve AMR Corp.’s plan to exit bankruptcy through a merger with US Airways Group Inc., citing the Justice Department’s antitrust lawsuit against the deal. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

AMR Corp. is set to move ahead with a Thursday court hearing on a bankruptcy-exit plan based on its merger with U.S. Airways Group Inc. , but the Justice Department’s antitrust lawsuit to block the tie-up adds great uncertainty to AMR’s Chapter 11 ... Read full article

According to The Wall Street Journal , The Department of Justice on Tuesday moved to block the merger of American Airlines parent AMR Corp. and US Airways Group Inc. , which could hurt AMR’s plan to leave b ... Read full article

David Goldman/Associated Press Morris Brown College has gotten pulled into the debate over where to build the Atlanta Falcons’ new $1 billion stadium, and the recent negotiations have turned into a game of (requisite sports pun) ... Read full article

Patriot Coal Corp. and its mine workers have reached a settlement in their long-standing labor fight, a deal that gives the workers “significant improvements” over Patriot’s labor-contract changes approved by a judge in May. Read the Daily Bankruptcy ... Read full article

Against criticism from the U.S. government’s executive-bonus watchdog, attorneys for American Airlines’ parent company defended the $20 million severance payment promised to departing Chief Executive Tom Horton, arguing the bill would be paid once the ... Read full article