News Topic: Restructuring

New York-based KIT digital Inc., which helps get video content to stream over the Web, filed for Chapter 11 bankruptcy protection on Thursday to get rid of some of the underperforming businesses it purchased during a $320 million buying binge. Read the ... Read full article

Waste processor Synagro Technologies Inc. filed for Chapter 11 bankruptcy protection Wednesday with an offer in hand to be acquired by an affiliate of Swedish private-equity firm EQT. Read the Daily Bankruptcy Review article here . ... Read full article

Reuters Joe Francis arrives at the 2012 MTV Movie Awards in Los Angeles on June 3, 2012. Girls Gone Wild founder Joe Francis was sued Tuesday by the adult- ... Read full article

The remains of two long-dormant manufacturing companies—Yarway Corp. and Saberhagen Holdings Inc.—were resurrected in bankruptcy court to deal with thousands of asbestos lawsuits. Read the DBR Small Cap article here . ... Read full article

Getty Images Jon Corzine Published Credit: Getty Images The trustee overseeing ... Read full article

Agence France-Presse/Getty Images Liquidators of the Swiss derivatives unit of Lehman Brothers Holdings Inc. said a recent settlement may double recoveries for the subsidiary’s creditors. ... Read full article

This week on The Broke and the Beautiful, former Westlife singer Shane Filan is recording a solo album, and a new documentary looks at the Madoff scandal through a unique perspective. Also, Tareq Salahi’s family winery is on the market. ... Read full article

Jacqueline Palank IWIRCs Delaware chapter on Thursday received the Ryan Award for outstanding IWIRC network. Sheryl Sandberg, take note: A group of restructuring profession ... Read full article

A bankruptcy-court judge on Wednesday cleared regional carrier Pinnacle Airlines Corp. to leave Chapter 11 as a unit of Delta Air Lines Inc. , a decision that streamlines Pinnacle’s operations and costs in an increasingly consolidating airline industry. ... Read full article

Agence France-Presse/Getty Images A judge on Tuesday approved three measures that will together allow billions of dollars to be returned to customers of Lehman Brothers Holdings Inc.’s collapsed brokerage, and soon. ... Read full article

Associated Press The Revel resort and casino in Atlantic City, N.J., hopes to check out of bankruptcy by the end of May. ... Read full article

Energy Future Holdings Corp., the former TXU, talked about a potential bankruptcy Monday that would help erase $32 billion in debt, The Wall Street Journal reports . ... Read full article

Creditors of Lehman Brothers Holdings Inc.’s U.K. arm, Lehman Brothers International Europe, might get all their money returned to them. Read the article via Daily Bankruptcy Review . ... Read full article

The Kearney Arch museum in rural Nebraska has never been able to convince enough motorists to pull over to see its historical artifacts and volunteer re-enactors who chronicle how Americans bravely set out in wagons in the mid-1800s to settle the ... Read full article

It’s a light week here on The Broke and the Beautiful. Celebrity chef Gordon Ramsay is getting sued, and some college interns have new ideas for Twinkies. Also, Inverness Distribution won a settlement that’ll let it sell off international distribution ... Read full article

Investment firm Five Mile Capital Partners is accusing a group of well-known luxury resorts of several conflicts of interest on its board of directors, conflicts Five Mile say resulted in its not getting paid back the $50 million it lent before the ... Read full article

Associated Press In this 1989 image provided by Paramount Pictures, Tom Berenger, right, plays catcher Jake Taylor; Charlie Sheen, below, is pitcher Ricky Vaughn; and Corbin ... Read full article

Reuters Hostess Brands Inc. won permission to sell off the last of its major cake and bread assets, raising total sale proceeds from the baking company’s liquidation to about $860 million. ... Read full article