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What's Happening In Bankruptcy Court This Coming Week
US Magnesium will appear for a conversion hearing while requesting approval of $10 million debtor-in-possession financing. Meanwhile, solar developer Pine Gate Renewables will ask a judge to sign off on its asset purchase agreement, gift wrap manufacturer IG Design Group faces a confirmation hearing on its Chapter 11 liquidation plan, and Anthology will pursue conditional approval of its disclosure statement.
Wind Co. TPI Details $18M Settlement With Creditors, Lender
Wind company TPI Composites Inc. has asked a Texas bankruptcy judge to promptly approve a settlement with its senior lender and creditors committee, saying the deal will wrap up costly litigation and give the creditors a cut of the lender's recoveries up to about $18 million.
Under The Radar: Bankruptcy News You May Have Missed
Democratic lawmakers urged a Texas bankruptcy judge to appoint an examiner to look into Genesis Healthcare's proposed sale, a Delaware bankruptcy judge said damages against the founder of Indian tech giant Byju's will be considered in January, and a New York federal judge said pretrial proceedings in a clawback action against 174 former customers of crypto platform Celsius Network belong in bankruptcy court.
What's Happening In Bankruptcy Court This Coming Week
US Magnesium will appear for a conversion hearing while requesting approval of $10 million debtor-in-possession financing. Meanwhile, solar developer Pine Gate Renewables will ask a judge to sign off on its asset purchase agreement, gift wrap manufacturer IG Design Group faces a confirmation hearing on its Chapter 11 liquidation plan, and Anthology will pursue conditional approval of its disclosure statement.
Wind Co. TPI Details $18M Settlement With Creditors, Lender
Wind company TPI Composites Inc. has asked a Texas bankruptcy judge to promptly approve a settlement with its senior lender and creditors committee, saying the deal will wrap up costly litigation and give the creditors a cut of the lender's recoveries up to about $18 million.
Under The Radar: Bankruptcy News You May Have Missed
Democratic lawmakers urged a Texas bankruptcy judge to appoint an examiner to look into Genesis Healthcare's proposed sale, a Delaware bankruptcy judge said damages against the founder of Indian tech giant Byju's will be considered in January, and a New York federal judge said pretrial proceedings in a clawback action against 174 former customers of crypto platform Celsius Network belong in bankruptcy court.
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Large Cap More
A Texas bankruptcy judge on Monday cleared Anthology Inc. to solicit votes on its Chapter 11 plan, which would see senior creditors receive the majority of equity in the reorganized education technology group.
A bankruptcy judge in Texas rejected the result of an auction in Genesis Healthcare's Chapter 11 and confirmed Prospect Medical's bankruptcy plan, and another judge allowed Pine Gate Renewables to access more ... (more story)
A Texas bankruptcy judge on Monday agreed to schedule a two-week trial in First Brands' adversary case against former CEO Patrick James, saying he would hear in June the auto-parts maker's allegations that Jam... (more story)
A subsidiary of sustainable metal and glass packaging company Ardagh Group has filed for Chapter 15 recognition in New York, seeking U.S. court recognition of restructuring proceedings pending in Luxembourg.
Luminar Technologies Inc., which develops lidar technology used in autonomous vehicles, filed for bankruptcy protection in Texas on Monday with at least $500 million in debt and plans to sell its assets.
A Texas bankruptcy judge approved Prospect Medical Holdings Inc.'s Chapter 11 plan after overruling a slew of objections during an all-day hearing Friday and allowing the healthcare group to hand off its remai... (more story)
A Texas bankruptcy judge agreed Friday to approve medical transportation company Modivcare's Chapter 11 plan, following a four-day valuation trial, clearing the way for the debtor's planned $1.1 billion debt-equity swap.
Struggling auto parts maker First Brands said on Friday it needs quick access to $250 million in cash that's being held by customers or stuck in segregated accounts, telling a Texas bankruptcy judge a decline ... (more story)
The Roman Catholic Diocese of Oakland Thursday submitted a term sheet for a plan to create a $242 million settlement trust for sexual abuse claims ahead of a deadline that could have seen the dismissal of the ... (more story)
A Connecticut appeals court on Friday upheld the two-week suspension of former Alex Jones lawyer Norm Pattis, agreeing that a trial court judge was within her discretion to bench the attorney over his law firm... (more story)
Mid Cap More
IRobot Corp., the maker of the Roomba robot vacuums, has filed for Chapter 11 protection in Delaware bankruptcy court with more than $100 million in debt and a plan to hand control of its business to its secured creditors.
A lender to PosiGen has filed an objection in Texas bankruptcy court to the bankrupt solar panel leasing company's request to use its cash, saying some of that money is from a $25 million loan PosiGen obtained through fraud.
Trinity Broadcasting of Texas Inc. asked a bankruptcy judge in Dallas to deny a request by Merit Street Media to pay $362,000 in expenses, saying the payroll and benefits the debtor purports that it needs to c... (more story)
A Delaware bankruptcy judge on Friday gave My Job Matcher Inc., the insolvent operator of recruiting platform Job.com, permission to solicit creditor votes for its Chapter 11 plan, saying an unusual mechanism ... (more story)
PCAP Holdings LP, the parent company of bankrupt auto dealership lender PrimaLend Capital Partners, itself filed for Chapter 11 protection on Friday after PrimaLend's noteholders complained that the parent was... (more story)
A Florida bankruptcy judge confirmed Thursday the Chapter 11 plan for the owners of a prized piece of land proposed for a high-rise construction along the skyline of downtown Miami that could be worth more tha... (more story)
A Florida federal judge said Thursday that he wants to get to the bottom of the authenticity of operating agreements for two companies associated with the Miss America pageant filed in court in a $500 million ... (more story)
A California bankruptcy judge on Thursday granted interim approval for Oroville Hospital's $16 million debtor-in-possession financing from its master trustee, which would help the hospital navigate its Chapter... (more story)
U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were ... (more story)
Bankrupt casino operator Maverick Gaming has asked a Texas bankruptcy court to approve a settlement it reached with its secured lenders and Blue Owl Capital Inc. after its Chapter 11 sale process failed to gen... (more story)