Edition:
United States

Jim Christie

Hearing set to resolve labor dispute over bankrupt Blackjewel's 'hot goods'

Aug 21 2019

The judge overseeing the bankruptcy of coal producer Blackjewel LLC has agreed to hold a hearing on Friday so the U.S. Labor Department can argue some of the company's coal was produced illegally and should be prevented from being transported across state lines.

IN BRIEF: Wildfire victims demand bankrupt PG&E share business plans

Aug 21 2019

The committee for wildfire victims in the bankruptcy of PG&E Corp is seeking a court order to compel the power producer to share its business plans after it recently said it could soon produce a reorganization plan.

IN BRIEF: Maxcom's Ch. 11 reorganization to slash $36 million in debt

Aug 20 2019

Maxcom USA Telecom Inc and its Mexican telecommunications parent company on Monday outlined terms of a bankruptcy restructuring plan to shed about $36 million in debt on the heels of seeking Chapter 11 protection the same day.

IN BRIEF: Shale Support says has deal to exit bankruptcy

Aug 20 2019

Shale Support Global Holdings LLC, a supplier of fracking sand for energy producers, has said it has reached a restructuring agreement with its creditors that includes an $80 million loan to help it exit Chapter 11 bankruptcy.

IN BRIEF: Bankrupt Avenue Stores seeks order to swiftly close shops

Aug 20 2019

Women's apparel retailer Avenue Stores LLC on Tuesday will seek a court order for a key part of its plan to restructure in Chapter 11 bankruptcy into an e-commerce business by shuttering its more than 200 remaining bricks-and-mortar stores.

U.S. trustee objects to Kirkland working for bankrupt oil refiner PES

Aug 19 2019

Kirkland & Ellis should not be allowed to serve as bankruptcy counsel for PES Holdings Inc due to the law firm's ties to the oil refinery owner's largest creditors, according to the U.S. Trustee.

Deal over clergy abuse claims in Oregon to tap trust from decade-old Ch. 11

Aug 05 2019

The Archdiocese of Portland, Oregon, which was the first U.S Roman Catholic diocese to file for bankruptcy over claims of sexual abuse by clergy, will pay nearly $4 million to eight men to settle their claims that they were abused by a priest, their lawyer said on Friday.

U.S. objects to LifeCare's Ch. 11 sales over Medicare payment dispute

Aug 02 2019

Bankrupt acute-care chain LifeCare Health Partners must make clear how more than $8 million it owes the Medicare system will get paid before it can transfer leases in two planned sales of several of its businesses in its Chapter 11 reorganization, according to the U.S. government.

Enviro groups have no standing to sue Sanderson Farms over ‘100% natural’ ads - judge

Aug 01 2019

Poultry producer Sanderson Farms Inc won a court order on Wednesday dismissing a lawsuit by two advocacy groups that accused it of misleading consumers by advertising its chicken as "100% natural" despite tests that found antibiotics in the birds.

Stearns to hire Skadden after winning tussle with U.S. trustee

Aug 01 2019

Bankrupt mortgage lender Stearns Holdings LLC won court approval on Wednesday to retain Skadden Arps Slate Meagher & Flom as its bankruptcy counsel, overcoming objections by the U.S. trustee, which had said the law firm could have a potential conflict of interest.

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