Business Events Bankruptcy

  • NEW YORK, Nov 14- American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of popular culture for its racy advertising and mercurial...

  • Nov 10- College e-learning firm ChinaCast Education Corp said it has filed for Chapter 11 bankruptcy to pursue claims of embezzlement against former executives while shielding itself from a class action lawsuit by investors. Wednesday's filing with the U.S. Bankruptcy Court in New York came a day after a U.S. District Court in Los Angeles awarded ChinaCast...

  • Nov 10- College e-learning firm ChinaCast Education Corp said it has filed for Chapter 11 bankruptcy to pursue claims of embezzlement against former executives while shielding itself from a class action lawsuit by investors. Wednesday's filing with the U.S. Bankruptcy Court in New York came a day after a U.S. District Court in Los Angeles awarded ChinaCast...

  • Nov 8- American Apparel LLC has resumed talks with at least two potential bidders for the U.S. teen clothing retailer, after bankruptcy sale negotiations with brand licensor Authentic Brands Group LLC stalled earlier this week, a source close to the company said on Tuesday. Declaring bankruptcy would allow any buyer of the Los Angeles company to avoid tens of...

  • WILMINGTON, Del., Nov 6- As auto supplier Takata Corp prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability for the company's defective air bags, sources have told Reuters. In July, the 2nd U.S. Circuit Court of Appeals in Manhattan held that General Motors Co, the "new GM," could be...

  • WASHINGTON/ TOKYO, Nov 4- Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters. The company is struggling to supply replacement parts for the potentially defective inflators, which have been linked to...

  • WASHINGTON/ TOKYO, Nov 4- Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters. It is struggling to supply replacement parts for its potentially defective inflators, which have been linked to at least 16...

  • WASHINGTON/ TOKYO, Nov 4- Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters. It is struggling to supply replacement parts for its potentially defective inflators, which have been linked to at least 16...

  • BRAZIL'S OI ANALYZING LEGALITY OF PLAN TO REPAY SMALLER CREDITORS BEFORE COURT APPROVES BANKRUPTCY PLAN, SOURCES SAY.

  • Trump pursued 'legally dubious' debt-for-equity swap

    The New York Times reveals more details of the Republican presidential candidate's tax affairs from the 1990s.

  • CHICAGO, Oct 28- Paragon Offshore Plc said on Friday it was evaluating its options after a U.S. judge rejected the offshore rig contractor's plan to exit bankruptcy, an unusual setback for a corporate Chapter 11 proceeding. In an oral ruling in U.S. Bankruptcy Court in the District of Delaware, Judge Christopher Sontchi said the plan was not feasible because it...

  • CHICAGO, Oct 25- Hedge fund Trilogy Capital Management, the last holdout bondholder of Caesars Entertainment Corp's bankrupt operating unit, has agreed to support the casino group's restructuring and halt litigation, a court filing showed on Tuesday. While Trilogy's claim was small at $9.4 million, a judgment could have blown up a crucial $5 billion...

  • CHICAGO, Oct 25- A U.S. judge on Tuesday ordered the bankrupt U.S. subsidiaries of renewable energy company Abengoa SA to disclose their dealings with their Spanish parent, which was accused of draining cash from the U.S. units. Creditors of Abengoa units Abengoa Bioenergy US Holding LLC and Abeinsa Holding Inc, which both filed for bankruptcy this year, have said...

  • CHICAGO, Oct 25- The bankrupt operating unit of Caesars Entertainment Corp has reached an agreement with a main holdout creditor, hedge fund Trilogy Capital Management, a filing with an Illinois district court showed on Tuesday.

  • *Approval will avoid Spain's biggest ever bankruptcy. MADRID, Oct 25- Renewable energy firm Abengoa is on track for the 75 percent creditor approval needed for its restructuring plan and avoid filing for Spain's biggest ever bankruptcy, a source with knowledge of the deal said on Tuesday. Abengoa's creditors include Spain's Santander and Caixabank,...

  • Shipping containers are offloaded from a cargo ship at Port Everglades on June 24, 2016 in Fort Lauderdale, Florida.

    South Korean container shipper Hanjin said on Monday that it would close all 10 of its European businesses, The Wall Street Journal reported.

  • NEW YORK, Oct 21- A group of SunEdison Inc lenders took control of the renewable energy developer after inking a "sweetheart deal" to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. bankruptcy court. SunEdison transferred "hundreds of millions of dollars" to the lenders,...

  • Oct 21- Dick's Sporting Goods Inc, teamed up with liquidators, won a bankruptcy auction on Friday for the U.S. business of Golfsmith International Holdings Inc with a bid of about $70 million, according to a person familiar with the matter. Dick's plan to keep at least 30 Golfsmith stores and wind down the rest, the person said. Dick's also plans to retain 500...

  • Oi's bankruptcy filing, the largest in Brazil's history, added a sense of urgency to fixing the framework, in which assets go back to the state when the license ends, said Igor de Freitas, a board member at industry watchdog Anatel. Executives at TIM Participações SA and Telefónica Brasil SA have listed regulatory overhaul as a key condition for them to invest...

  • CHICAGO, Oct 19- The bankrupt operating unit of Caesars Entertainment Corp is close to an agreement with a main holdout creditor, hedge fund Trilogy Capital Management, lawyers for the two parties said in an Illinois bankruptcy court on Wednesday. Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the...