Bondholders are circling Exide Technologies Inc. looking for leverage in a Chapter 11 bankruptcy case that is shaping into a fast-moving revamp of the global battery business. Read the Daily Bankruptcy Review article here.
The mine workers union that’s been battling with Patriot Coal Corp. for months is appealing a recent court ruling that cleared Patriot to reject its collective-bargaining agreements. Read the Daily Bankruptcy Review article here.
Troubled battery maker Exide Technologies Inc. filed for Chapter 11 bankruptcy protection early Monday as it faced $31 million in interest payments in August and the maturity of nearly $52 million in convertible notes in September. Read the Daily Bankruptcy Review article via The Wall Street Journal.
This week on The Broke and the Beautiful, Sly Stone’s former manager, record producer Jerry Goldstein, put his companies in bankruptcy. Also, the founder of Tully’s Coffee isn’t happy with Patrick Demspey.
Ahern Rentals Inc. won bankruptcy court approval to exit Chapter 11 protection under a plan that keeps the construction equipment rental company in the hands of the family that founded it 60 years ago. Read the Daily Bankruptcy Review article here.
Jefferson County, Ala., leaders voted Tuesday to accept a debt-settlement plan that will dramatically slash the $3.1 billion owed on its sewer system and allow the struggling county to get out of bankruptcy. Read the Daily Bankruptcy Review article here.
