News Topic: Restructuring

Melanie Cohen NYC OTB In the past two years, two of New York state’s six off-track-betting organizations faced challenges to their ability to seek bankruptcy protection with vastly ... Read full article

The Giant and Stop & Shop supermarket chains are balking at A&P’s deal with its unionized employees to slash wages and benefits, claiming they may be forced to pick up the slack with respect to a multiemployer plan the three chains share. Read the ... Read full article

Aware of the virtually unlimited array of fried foods that a fairgoers can purchase on a stick, Virginia State Fair organizers shouldn’t have been surprised at the similarly impressive range of financial deals that Wall Street titans were willing to cook ... Read full article

Newspaper publisher Lee Enterprises Inc. said Friday it’s preparing to file a prepackaged Chapter 11 bankruptcy within the next 10 days as it struggles to refinance its heavy debt load. Read the Daily Bankruptcy Review article here . ... Read full article

Dynegy Inc. appointed a new chairman and said it joined its Dynegy Holdings LLC unit in filing a proposed reorganization plan with the U.S. bankruptcy court. Read the article in Daily Bankruptcy Review. ... Read full article

Getty Images Great Atlantic and Pacific Tea Co., which owns the A&P, Pathmark and SuperFresh supermarket chains among others, has released a list of store leases it plans to assume, or keep, when it exits bankrup ... Read full article

Lehman Brothers Holdings Inc., on the heels of winning “overwhelming” support from creditors for its Chapter 11 plan, struck a deal concerning nearly $4 billion in priority claims from mortgage giants Fannie Mae and Freddie Mac, which were seized by the ... Read full article

Peppermint with Oreo, the new holiday flavor for Dippin’ Dots The financial strain at Dippin’ Dots Inc., which is in bankruptcy, hasn’t thrown off the researchers at its Kentu ... Read full article

AMR Corp., the parent company of American Airlines, filed for Chapter 11 protection Tuesday, The Wall Street Journal reports . ... Read full article

Grow a beard for the NHL playoffs. Lift your rally monkey to the sky. But don’t count on that colorful band around New Orleans Saints quarterback Drew Brees’s wrist to give a lift to your fantasy football team. Consumers have grown suspicious of Power ... Read full article

Broadcaster Fox Sports is taking another swing at embattled Los Angeles Dodgers owner Frank McCourt, adding him to a lawsuit on charges of improperly shopping the team’s valuable media rights. Read the Daily Bankruptcy Review article here . ... Read full article

A judge on Thursday approved the transfer of more than 22,000 MF Global Holdings Ltd. brokerage accounts to new dealers, granting an emergency request from the trustee unwinding the company’s brokerage. Read the Daily Bankruptcy Review article here . ... Read full article

General Maritime Corp. voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will allow the oil-tanker company’s operations to continue. Click here to read the article in Daily ... Read full article

Getty Images Harsha Agadi, the fast-food veteran who signed on to lead Friendly Ice Cream Corp. ... Read full article

Tribune Co. is pushing to get out of bankruptcy fast but is battling challenges from major creditor camps to the rejection of a Chapter 11 plan, which the company says is easily repaired. Read the Daily Bankruptcy Review article here . ... Read full article

Restructuring & Insolvency is an integral part of Mercer & Hole’s business. A very busy period when our core skills of constructive use of insolvency procedures, stressed corporate advisory work and solvent restructuring have been in high demand, ... Read full article

Lehman Brothers Holdings Inc. reached a deal with the trustee for investors in a complex natural gas deal that fizzled when the investment bank collapsed and its impact was felt from Walt Disney World to the city of Tallahassee, Fla. Read the Daily ... Read full article

The Wall Street Journal reports that a group of Dynegy Holdings’ bondholders want a judge to appoint someone to probe some “unusual” transactions leading to its bankruptcy filing. ... Read full article