United States

Jim Christie

Gymboree seeks more time to control its Ch. 11 and resolve WARN lawsuits

Apr 18 2019

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 Aceto's $411 mln sale of chemicals business wins court approval

Apr 17 2019

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 retailer Payless looking at sale of Latin America business

Apr 17 2019

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 executives.

CTI Foods waves olive branch at U.S. objection to its prepackaged Ch. 11 plan

Apr 16 2019

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.

Tribe sues U.S. over renewals for leases for geothermal lands

Apr 16 2019

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.

U.S. trustee wants law professor appointed fee examiner in PG&E Ch. 11

Apr 15 2019

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.

Jones Energy files for Ch. 11 bankruptcy to turn all its debt into equity

Apr 15 2019

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.

D.C. Circuit knocks down challenge over counting fisheries' bycatch

Apr 12 2019

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.

Fearing bigger bills, consumer group wants role for ratepayers in PG&E Ch. 11

Apr 11 2019

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.

U.S. judge defers ruling on PG&E $350 million bonus plan

Apr 09 2019

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.

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