MEXICO CITY, Aug 6 Mexican retailer Grupo Famsa on Thursday said that a shareholder meeting authorized a request to file for Chapter 15 Bankruptcy in the United States and bankruptcy in Mexico.
BRASILIA, Aug 6 A Brazilian high court ruled on Thursday that the 11 billion reais ($2 billion) debt owed by bankrupt telecom Grupo Oi SA to Brazil's telecommunications regulator Anatel will not get preferential treatment in restructuring negotiations.
Aug 5 Five members of U.S. Congress from New York said on Wednesday that several investment firms involved in Puerto Rico's ongoing bankruptcy may have engaged in insider trading and urged the state attorney general to investigate.
MEXICO CITY, Aug 5 Mexican airline Aeromexico aims to review obligations on its fleet of aircraft and use aviation industry restructuring adviser SkyWorks Capital for that purpose, according to a court document.
* Unsecured bondholders have said they will propose alternative
NEW YORK, Aug 4 U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma after uncovering evidence of criminal and civil misconduct stemming from the company's alleged role in fueling the nation's opioid crisis, people familiar with the matter said.
SYDNEY, Aug 5 Virgin Australia Holdings Ltd said on Wednesday it would make permanent cuts to one-third of its workforce and focus on being a short-haul Boeing Co 737 operator as part of a new business plan under the ownership of Bain Capital.
WASHINGTON/LONDON Aug 4 Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.
Aug 4 Virgin Atlantic Airways Ltd is seeking protection from creditors under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing made in the southern district of New York on Tuesday. (Reporting by Bhargav Acharya in Bengaluru; Editing by Sandra Maler)
NEW YORK, Aug 3 The survival of J.C. Penney Co Inc hangs on whether the department store chain can reach a complex deal within days to sell itself to an alliance of retail mavens and distressed-debt investors.
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