The union representing US Airways Group Inc. pilots has sued to prevent a group of former America West pilots from seeking to block US Airways’ proposed merger with American Airlines parent AMR Corp. Read the Daily Bankruptcy Review story here.
A judge on Tuesday gave Residential Capital LLC 60 days from now to file a restructuring plan without having to worry about rival proposals, as the company seeks to settle the complex issues surrounding its bankruptcy case. Read the Daily Bankruptcy Review article here.
Ally Financial Inc. mortgage subsidiary Residential Capital LLC said bondholders wishing to file their own reorganization plan just want the Chapter 11 case to become one “replete with competing plans and open warfare.” Read the Daily Bankruptcy Review article here.
Mexican glass manufacturer Vitro SAB said Monday that it has reached an agreement with nonconsenting creditors that will put an end to two years of litigation and allow the company to conclude its debt restructuring. Read the article in Daily Bankruptcy Review.
The Leafs Ice Centre hockey rink in a Chicago suburb has filed for bankruptcy, shaking its gloves off to take a swipe at the rink manager that it recently fired.
This week on The Broke and the Beautiful, Girls Gone Wild goes a little crazy in bankruptcy, and Rhythm & Hues gets a shout-out at the Oscars. Also, Curt Schilling’s famed bloody sock has sold for more than $92,000.
