Latest News for: Bankruptcy management


Bouchard Transportation Seeks Buyer or Lay-offs Will Begin in July

The Maritime Executive 12 Jun 2021
Family-owned oil barge transport company Bouchard Transportation Company, headquartered on Long Island, informed regulators and its bankruptcy court that it is seeking a buyer ... Bankruptcy Court in Houston, later replaced Bouchard in the role of CEO with Matthew Ray, a managing partner at Chicago-based Portage Point Partners.

Bouchard Transport Seeks Buyer or Lay-offs Will Begin in July

The Maritime Executive 12 Jun 2021
The company, which was founded in 1918, was up until recently managed by family member Morton S ... Bankruptcy Court in Houston, later replaced Bouchard in the role of CEO with Matthew Ray, a managing partner at Chicago-based Portage Point Partners, who is serving as chief restructuring officer for Bouchard.

Zombie stocks defy bankruptcy logic as meme traders bid them up

The Times of India 12 Jun 2021
Being on the brink of bankruptcy no longer seems to matter much in the U.S ... A bankruptcy plan under consideration by GTT Communications Inc ... In bankruptcy, shareholders are the last to recover value, only after all debt holders are paid. Still, investors are piling into shares of troubled names -- and even companies already in bankruptcy proceedings.

Hedge-Fund Manager Who 'Came Undone' Is Headed to Prison

Wall Street Journal 12 Jun 2021
On a summer Friday afternoon last year, hedge-fund manager Dan Kamensky broke bankruptcy laws ... which aims to profit from companies teetering on the brink of or in bankruptcy.

Former IL&FS chairman Ravi Parthasarathy arrested by Economic Offences Wing

Hindustan Times 12 Jun 2021
The EOW-II Chennai had already arrested and remanded the former directors, and managing directors -- Hari Sankaran and Ramachand Karunakaran also the close aides of the Partharasarathy, the release said ... In August 2019, the IL&FS was sent to the bankruptcy courts by the government and was placed under special management led by banker Uday Kotak.

Growth with transparency

Ekathimerini 12 Jun 2021
It is also enormously important on a symbolic level for a state that only recently paid for a lack of transparency with a painful bankruptcy.

Hertz nets approval to exit bankruptcy following major win for shareholders

Reuters 11 Jun 2021
Judge calls restructuring 'fantastic'Atty says shareholders' $1 bln return could've been 'double'Hertz to exit bankruptcy by end of June ... has secured approval of its reorganization plan, allowing it to exit its year-long bankruptcy following a dramatic bidding war that led to a rare victory for shareholders.

Hertz Could Have Doubled Equity Win With Share Sale, Lawyer Says

Yahoo Daily News 11 Jun 2021
All told, Hertz’s bankruptcy exit plan will repay creditors and return more than $1 billion of value to shareholders, lawyer Tom Lauria said on behalf of the company in a Thursday court hearing. But the deal might have delivered more than twice that if Hertz had succeeded in issuing stock to fund its bankruptcy last year, Lauria said.

Reliance Infratel ‘fraud’ tag to go after sale: Lenders

The Times of India 10 Jun 2021
and Power — a company sold under the bankruptcy process to JSW — for frauds committed by the previous management ... However, this would not have any impact on the action against the erstwhile management or promoters.

GameStop Recruits Former Amazon Execs As Part of Online Pivot

Game Rant 10 Jun 2021
Not only has GameStop managed to stave off bankruptcy during the ongoing COVID-19 pandemic, but it did so in part due to a viral effort to purchase GameStop stock ... For�GameStop's CEO position, Matt Furlong has been chosen. For the past two years, Furlong has been Amazon Australia's country manager ... Furlong will take up the position starting June 21.

May 2021 Bankruptcy Filings Drop, Again

Omaha World-Herald 08 Jun 2021
NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information services business ... About Epiq AACER Epiq AACER is your partner for bankruptcy information and compliance.

Meme Stocks Set To Extend Gains Tuesday

Yahoo Daily News 08 Jun 2021
By Dhirendra Tripathi ... The companies are trying though ... GameStop, once a bankruptcy candidate, has reshuffled its top management as it tries to become a multichannel global retailer, retired part of its debt and created new facilities ...  . Related Articles ... China pushes new candidate towards top of Huarong Asset Management ... .

It's panic time for the Bucks, plus this is the biggest mistake the Falcons are making

CBS Sports 08 Jun 2021
Greetings sports aficionados, it's Chris Bengel with you once again to bring you all the happenings in the sports world ... Sorry! ... 1 ... "Cole ... The reimagining of the USFL will be competing with a third version of the XFL, which will be under new management. The XFL was hurt by the COVID-19 pandemic in 2019 and the league was forced to declare bankruptcy.

Sterling Group got $36 million for Joe Louis parking deck

Crains Detroit Business 07 Jun 2021
The price for the deck was $2 million cash, according to detailing the deal between the city and First & Congress Management LLC, an entity registered to Eli Halpern, Sterling Group's general counsel ... received development rights for the property as part of an October 2014 debt settlement when the city was under emergency management.

USFL 2022: Can the revived league avoid the mistakes the XFL and AAF both made?

CBS Sports 07 Jun 2021
The relaunch will theoretically coincide with the third version of the XFL, which is in the process of rebooting under new management (re. The Rock) after the pandemic sent it into bankruptcy midway through its first season back in 2020 ... The AAF filed for Chapter 7 bankruptcy, attempting to pay off its creditors as best it could.