Latest Legal Advertising News
NewPage Said to Cut Rate on Portion of $600 Million DIP Loan
9 (Bloomberg) -- NewPage Corp., the Cerberus Capital Management LP-owned coated paper maker that filed for bankruptcy protection, reduced the rate it will pay on a $250 million debtor-in-possession term loan, according to a person with knowledge of the
Updated: 09/09/2011 02:25P
MONEY GAME DEBATE: Does Bank Of America Need More Capital?
Still, the calls for the bank to do something drastic (like declare bankruptcy) are getting louder. Word on the street-- their bankers are already trying to jump ship. From your comments, we learned that the two arguments here are not for or against
Updated: 09/09/2011 02:24P
Motions approved, NewPage can operate 'business as usual'
These approvals give the company the authority to continue to conduct its business as usual without interruption in US employee wages and benefits programs or customer programs, among other stakeholder protections. For the whole story, see Saturday's
Updated: 09/09/2011 02:22P
US FBI Searches Bankrupt Solar Firm Solyndra
Solyndra, the US solar panel maker that has filed for bankruptcy despite a $535 million (USD) federal loan guarantee, is the target of a search warrant from the Federal Bureau of Investigation (FBI), according to a report issued yesterday.
Updated: 09/09/2011 02:17P
Judge grants order protecting Marriott proprietary information from owners of
AP HONOLULU — In an ongoing power struggle over a Waikiki hotel, a bankruptcy judge has granted Marriott International an interim order to protect its confidential and proprietary information from the hotel's owner. Marriott and M Waikiki,
Updated: 09/09/2011 02:15P
Bankruptcy – Secured claims – priority – timeliness
Bankruptcy Secured claims; priority; timeliness A senior judgment lien creditor has priority over a junior lienholder, even though it did not file a timely proof of claim. “[E]ven if the date of the hearing on the Trustee's Objection to the claim is
Updated: 09/09/2011 02:13P
Ex-Lehman Bros. directors object to releasing $90M in insurance funds
Mr. Fuld and 13 fellow Lehman executives asked a US bankruptcy judge last month to authorize the release of $90 million under an insurance policy covering directors and officers liability. The money would be used to fund a settlement in a lawsuit
Updated: 09/09/2011 02:13P
Lebanon Township First Aid Squad nears end of bankruptcy case
Final resolution of the Lebanon Township First Aid Squad bankruptcy case is near, according to township attorney Richard Cushing. The squad filed for bankruptcy last December and its assets were then frozen. Cushing reported at the Sept.
Updated: 09/09/2011 02:12P
Frank McCourt and Bill Burke: Not pals
Dodgers owner Frank McCourt and his representatives have been quiet since the team filed for bankruptcy protection June 27. There has been no public response to the $1.2-billion offer for the team last week from a group led by Los Angeles Marathon
Updated: 09/09/2011 02:11P
Solyndra - Not a Household Name...Yet
But I was looking at the SEC filings this morning for Solyndra Inc. - that's the giant solar panel company, based in Fremont, raided Thursday by federal agents a few days after the firm filed for bankruptcy. The SEC documents I saw did NOT show that
Updated: 09/09/2011 02:03P
Primary Categories