The New, More Aggressive Face of Chapter 11
In the American Airlines bankruptcy case, Marathon Asset Management, a hedge fund and creditor, has asked for the appointment of an examiner - that's bankruptcy speak for an independent investigator.
View ArticleSuzuki, Maker of Small Cars, Failed to Make It Big in the U.S.
Suzuki is strong in emerging markets, but has long had weak sales in the United States, where it will now stop selling its automobiles, reports Hiroko Tabuchi for The New York Times. Read more »
View ArticleRestructurings and the Impact of Credit-Default Swaps
A disclosure requirement might be one way to address the "empty creditor" problem that comes up in times of financial distress.
View ArticleS.E.C. Said to Be Investigating Money Manager's Trading Practices
News of the investigation of Peter J. Eichler Jr. came as his firm, Aletheia Research and Management, filed for bankruptcy protection late Sunday after a wave of client withdrawals.
View ArticleAs Labor Talks Collapse, Hostess Turns Out Lights
The bankrupt maker of cream-filled pastries like Twinkies and Ho Hos said on Friday that it planned to liquidate, a week after one of the company's biggest unions went on strike to protest a labor...
View ArticleMourning Twinkies on Twitter
The bankruptcy announcement by Hostess Brands has overwhelmed a group of people mourning the potential loss of a nostalgic childhood treat that they haven't eaten in decades.
View ArticleTwinkies' Shelf Life May Last a Little Longer
Even if a court grants Hostess Brands' motion to liquidate, there is a good chance it will include the sale of Hostess's intellectual property, including trademarks like Twinkie.
View ArticleBrand Value Could Entice a Corporate Buyer
The threat of the demise of the cream-filled cake is evoking nostalgia.
View ArticleAt Judge's Urging, Hostess and Union Agree to Mediation
Hostess Brands and the union representing its bakery employees agreed on Monday to a mediation session, a last-ditch effort that could prevent the liquidation of the company and save 18,500 jobs.
View ArticleHostess Brands Says It Fails to Reach Labor Deal in Mediation
Union officials say the company, the producer of such brands as Twinkies and Wonder Bread, has indicated it will proceed with plans to liquidate.
View ArticleCourt Allows Liquidation of Hostess
In granting Hostess's motion, Judge Robert D. Drain of the Federal Bankruptcy Court for the Southern District of New York cited the need for a quick and orderly shuttering of the company to avoid...
View ArticleJudge Gives Final Approval to Hostess's Wind-Down Plan
A bankruptcy judge signs off on a liquidation plan that includes paying out up to $1.8 million in bonuses to executives. In addition, advisers to company say they are in active talks with about 110...
View ArticlePossible Ripples From the Argentine Bond Litigation
Recent court decisions in the Argentine debt litigation seem to go a long way toward transforming the pari passu clause from a rule of rank into a prohibition on preferences.
View ArticleTribune Company Emerges From Chapter 11
After four years, the Tribune Company has emerged from bankruptcy protection, Christine Haughney reports on the Media Decoder blog of The New York Times.
View Article'Grey's Anatomy' Star Would Be White Knight for Small Coffee Chain
Patrick Dempsey, best known for playing a hearthrob doctor on "Grey's Anatomy," said on Friday that he had prevailed in an auction of Tully's Coffee, a bankrupt coffee chain based in Seattle.
View ArticleWhat A.I.G. Shareholders Should Have Expected After the Rescue
A lawsuit that contends the government violated the American International Group's Fifth Amendment rights by seizing shareholder property is regarded by many as ridiculous because corporate...
View ArticleBritish Retailer HMV Enters Equivalent of Bankruptcy
HMV announced on Tuesday that it had entered administration, a form of bankruptcy, as it became the latest British company to suffer from the country's flagging economy.
View ArticleAn Argentine Parallel
Preferring some creditors over others is at issue in the Argentine debt litigation. Yet, a similar idea is being suggested by some House Republicans.
View ArticleAtari's U.S. Division Files for Bankruptcy, Hoping for a Sale
The company's United States subsidiary, Atari Interactive, filed for Chapter 11 protection on Monday as part of an effort to cleave itself from its French parent, Atari S.A.
View ArticleHilco Takes Control of Music Retailer HMV
The private equity firm Hilco Consumer Capital has bought the debt of the struggling British music retail chain HMV, gaining effective control of the company.
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