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D-Day For Green Energy Loan Guarantees As Another Solar Firm Files For Bankruptcy
And as the clock ticks down, another solar pioneer, Stirling Energy Systems, has filed for bankruptcy. More on that in a bit. The stakes are particular high for First Solar, which is depending on loan guarantee offers of $2.6 billion to help finance
Updated: 09/30/2011 03:05P
Papa John's franchisee files Ch. 11 amid lawsuits
Essential Pizza, the franchise operator of 72 Papa John's units in Minnesota and Colorado, filed for Chapter 11 bankruptcy protection this week after multiple lawsuits from lenders and delivery drivers, and one against the franchisor.
Updated: 09/30/2011 03:04P
Kodak Plunges 60%: Next Stop Bankruptcy
The Journal's Mike Spector and Dana Mattioli this afternoon write that the company has hired a law firm called Jones Day to gain restricting advice as “it faces growing concerns from investors over its turnaround prospects.” Some potential buyers of
Updated: 09/30/2011 03:04P
Eastman Kodak Is Weighing Options Due To Concerns Over Its Patent Portfolio (EK)
Eastman Kodak (NYSE:EK) is weighing options, including a bankruptcy filing, due to concerns raised by possible bidders for its patent portfolio, according to a Bloomberg report, which cited three people with direct knowledge. Some potential buyers of
Updated: 09/30/2011 03:03P
Bankruptcy – Mortgage – Refinancing – Rescission
By Tom Egan Where Chapter 13 debtors have filed a complaint seeking a rescission of a refinancing transaction and a declaration that the mortgage granted to them is void, judgment in the debtors' favor is warranted because the lenders did not clearly
Updated: 09/30/2011 03:01P
Judge Clears $6M DIP Loan To Fund Graceway Ch. 11 Sale
Law360, Wilmington (September 30, 2011, 2:58 PM ET) -- A Delaware bankruptcy judge on Friday cleared Graceway Pharmaceuticals LLC to borrow $6 million from an affiliate and use its lenders' cash collateral to fund the proposed sale of
Updated: 09/30/2011 03:00P
Friendly's Explores Bankruptcy, but High-Fives Keep Flying
After years of declining sales, the East Coast restaurant and ice cream chain is set to file for Chapter 11 bankruptcy as early as next week, The Wall Street Journal reports. The move comes less than a month after the chain launched its "high-five"
Updated: 09/30/2011 02:59P
Kodak Said to Weigh Bankruptcy Filing to Spur Sale of Patents
A bankruptcy filing may help clear the way for the patent sale, said the people. The sale could fetch about $3 billion, according to estimates from MDB Capital Group. Kodak has discussed its options with law firms Kirkland & Ellis LLP and Jones Day,
Updated: 09/30/2011 02:57P
Graceway Pharmaceuticals Wins Approval of Bankruptcy Loan
30 (Bloomberg) -- Graceway Pharmaceuticals LLC, a maker of skin treatments and asthma medication, won court approval of a $6 million bankruptcy loan to help fund operations while the company seeks to sell its assets. US Bankruptcy Judge Peter J. Walsh
Updated: 09/30/2011 02:56P
Report: Kodak weighing options -- including a bankruptcy filing
Bloomberg reports that Kodak is weighing options -– including a bankruptcy filing. CNBC reports that trading of Kodak stock was halted three times today. On Thursday, Investment Partners Asset Management sent a letter to Kodak's Board of Directors
Updated: 09/30/2011 02:55P
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