Stericycle Inc., which manages and disposes medical waste, said Tuesday that Executive Vice President Richard L. Foss left the company Dec. 31. Get the full story »
Inside these posts: Reorganization
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Tribune Co. streamlining interactive division
Tower Ticker | The reorganization of Chicago Tribune parent Tribune Co.’s interactive division, recently rechristened Tribune Digital, is continuing to take shape under its new management and, according to a staff memo sent this morning, under new marching orders. Get the full story »
General Growth hurt by reorganization expenses
General Growth Properties, the U.S. mall owner expected to emerge from bankruptcy in early November, reported negative third-quarter funds from operations, taking a hit from reorganization expenses.
Funds from operations for its core mall properties were losses of $29.3 million, or 9 cents a share, compared with a positive $88.9 million, or 28 cents a share a year earlier. Get the full story »
Sep. 17, 2010 at 5:38 p.m.
Filed under: Bankruptcy, Litigation, Media, Newspapers, Radio, TV, Updated Two Tribune creditors file own reorganization plan
Two of the largest senior creditors in Tribune Co.’s bankruptcy case filed a plan of reorganization in Delaware bankruptcy court Friday, providing an alternative solution to the management plan that has been in place since earlier this year.
The move makes allies out of two distressed debt hedge funds, Angelo, Gordon & Co. and Oaktree Capital Management, that had until recently been at odds with each other. And it comes in advance of a court-ordered mediation that is scheduled to begin Sept. 26. Get the full story »
Schutt Sports files for Chapter 11
Litchfield-based Schutt Sports Inc., a maker of football helmets, face guards and other protective sports gear, said today that it has filed for Chapter 11 bankruptcy protection.
“This process will allow us to continue operating our business as usual and to continue servicing our customers without disruption,” Schutt Chief Executive Robert Erb said. ” We have the support of our bank, a great brand and look forward to strengthening our balance sheet and serving our customers for years to come.” Get the full story »
Court OKs Visteon’s bankruptcy plan
Visteon Corp. received court approval Tuesday to exit bankruptcy, ending a 15-month fight among hedge funds, lenders and an industry giant for a piece of the revived auto-parts maker.
Visteon’s reorganization caps a two-year stretch in which dozens of U.S. automotive companies collapsed into bankruptcy. Chrysler, General Motors, Delphi Corp. and Lear Corp. used Chapter 11 to remove crushing debt, shed obligations and close underutilized factories. Get the full story »
Aug. 6, 2010 at 5:07 p.m.
Filed under: Bank failures, Banking, Bankruptcy, Investigations, Litigation Examiner wants subpoena power in WaMu case
The independent examiner appointed to review claims and assets in Washington Mutual’s bankruptcy case is seeking subpoena power.
The examiner made the request Friday in filing his proposed work plan in Delaware bankruptcy court. A hearing on his plan will be held Tuesday. Get the full story »
Court OKs Philly newspaper reorganization plan
The publisher of the Philadelphia Inquirer won court approval Monday for its bankruptcy reorganization plan, clearing the way for lenders to buy its newspaper assets for about $139 million.
U.S. Bankruptcy Judge Stephen Raslavich rejected objections by some union pension funds before approving the plan proposed by Philadelphia Newspapers LLC, which runs the Inquirer and the smaller Philadelphia Daily News. Get the full story »
