Children's clothing retailer Gymboree Group Inc on Wednesday
asked a court in Virginia for 60 more days of exclusive control
of its bankruptcy in order to resolve lawsuits over its recent
termination of an estimated 400 workers.
Bankrupt health products maker Aceto Corp won court approval
on Tuesday for its $411 million sale of its chemicals business
assets to an affiliate of New Mountain Capital, which had put a
floor on offers as a so-called stalking horse.
Bankrupt discount footwear chain Payless Holdings LLC is
mulling a sale of its Latin America business as it shutters its
2,400 stores across North America, according to court papers
seeking an order approving a bonus plan for three top
CTI Foods LLC on Tuesday said it expects to resolve
objections by the U.S. government to its prepackaged bankruptcy
reorganization plan before a hearing on the plan on Thursday.
An Indian tribe in California on Monday launched a second
lawsuit arguing the U.S. government has been violating the
Geothermal Steam Act by extending leases for public land
intended for developing geothermal energy resources despite more
than 25 years of no serious work on them.
Tracking the fees of lawyers and other professionals in
power provider PG&E Corp's Chapter 11 bankruptcy will be a
considerable task requiring a court-appointed examiner, the U.S.
trustee's office said on Friday.
Oil and gas producer Jones Energy Inc sought bankruptcy
protection on Sunday with a deal backed by large majorities of
its secured and unsecured noteholders for a reorganization plan
converting more than $1 billion in debt into equity.
The National Marine Fisheries Service is following federal
law in how it tracks so-called bycatch in northeastern
fisheries, a U.S. circuit court said in opinion on Friday
affirming a district court.
A consumer group that has warred with power producer PG&E
Corp since the 1970s over rates is seeking a court order
appointing a committee to represent ratepayers in the company's
bankruptcy, saying they are creditors and pointing to the
potential for higher utility bills.
SAN FRANCISCO A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&E Corp plan to pay up to $350 million in bonuses to 10,000 employees, saying he wants more details from the California power producer that is facing bankruptcy following last year's wildfires.