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Bankruptcy

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  • Aereo files for Chapter 11 bankruptcy protection Friday, 21 Nov 2014 | 9:03 AM ET

    NEW YORK— Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying an unfavorable ruling by the U.S. Supreme Court was too difficult to overcome. Netflix, Amazon and Hulu offer full episodes of popular shows from broadcast networks ABC, NBC and Fox like "The Colbert Report" the next day for free. CEO Chet Kanojia said in a...

  • Nov 21- Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company's business model violated copyright laws. The ruling was a victory for broadcasters such as CBS Corp, Comcast Corp's NBC, Walt Disney Co's ABC and Twenty-First Century Fox Inc's Fox network. The filing is In re: Aereo Inc, U.S....

  • TV streaming provider Aereo files for bankruptcy Friday, 21 Nov 2014 | 6:29 AM ET

    Nov 21- Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruling in June found that the company's business model violated copyright laws. Aereo, in which Barry Diller's IAC/InterActiveCorp has a 23.30 percent stake, filed for Chapter 11 protection to preserve the value of its estate, according to a court filing...

  • NHL star's parents lead him into bankruptcy Thursday, 20 Nov 2014 | 12:42 PM ET
    Jack Johnson of the Columbus Blue Jackets skates against the Detroit Red Wings on November 18, 2014 at Nationwide Arena in Columbus, Ohio.

    The Columbus Blue Jackets player filed for bankruptcy in October after his parents poorly managed his assets for four years.

  • Caesars, creditors consider turning unit into REIT Wednesday, 19 Nov 2014 | 6:14 PM ET

    Caesars Entertainment proposed a restructure plan that would the debt of its largest unit into a real estate investment trust.

  • Brookfield halts plan to buy Atlantic City's Revel Wednesday, 19 Nov 2014 | 6:09 PM ET
    The Revel Casino in Atlantic City on July 30, 2014.

    Brookfield is abandoning its plan to buy the former Revel Casino Hotel in Atlantic City.

  • Nov 19- Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens. GT Advanced shocked investors by filing for bankruptcy in October in a case that was initially shrouded in...

  • Court to consider when second mortgage can be void Monday, 17 Nov 2014 | 9:43 AM ET

    The justices will consider two appeals from Bank of America, which asserts that bankrupt homeowners should not be able to "strip off" a second loan even if they are underwater on primary loans. Both cases involve Florida homeowners who were allowed to nullify second loans held by Bank of America. The Atlanta- based 11th U.S. Circuit Court of Appeals affirmed both...

  • Trump Taj Mahal Casino Resort files for closure Friday, 14 Nov 2014 | 5:59 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    The owner of the struggling Trump Taj Mahal Casino Resort in Atlantic City has filed court papers to close it by next month.

  • Court papers filed to close Trump Taj Mahal casino Friday, 14 Nov 2014 | 4:00 PM ET

    In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by Dec. 12. "The debtors have initiated appropriate steps to cease operations at the Taj Mahal consistent with that time frame," Trump Entertainment attorneys wrote. "I want them to know that the city of Atlantic...

  • Judge OKs quick start for Detroit's bankruptcy exit Wednesday, 12 Nov 2014 | 10:52 AM ET
    Detroit Mayor Mike Duggan (L) and Michigan Governor Rick Snyder (C), listen to Emergency Manager Kevyn Orr speak during a news conference November 7, 2014 in Detroit, Michigan.

    Detroit has received a go-ahead from a federal judge to start implementing its bankruptcy exit plan.

  • DETROIT, Nov 12- The federal judge who approved Detroit's plan for exiting the biggest-ever U.S. municipal bankruptcy gave the city on Wednesday the go-ahead for putting the plan in motion. Bankruptcy Judge Steven Rhodes said at a hearing. Rhodes on Friday ruled Detroit's plan for cutting $7 billion of its $18 billion of debt was fair to creditors and feasible...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • Clarification: Dendreon-Chapter 11 Filing story Tuesday, 11 Nov 2014 | 1:43 PM ET

    In a story Nov. 10, The Associated Press reported that Bank of New York Mellon was listed as the largest creditor in a Chapter 11 bankruptcy court filing involving the drugmaker Dendreon Corp. BNY Mellon administers $620 million in notes for investors; it does not own them.

  • Dendreon files for bankruptcy     Tuesday, 11 Nov 2014 | 11:00 AM ET

    What led Dendreon, the company that pioneered a drug many considered the next big thing in cancer research, to file for bankruptcy?

  • NH heating oil biz files for bankruptcy protection Tuesday, 11 Nov 2014 | 7:07 AM ET

    CONCORD, N.H.— A New Hampshire home heating oil company that faced customer delivery delays and a lawsuit earlier this year has filed for bankruptcy protection. Hudson- based Fred Fuller Oil& Propane Co., Inc., filed the paperwork in federal bankruptcy court on Monday, with the hope of achieving a quick sale, Attorney General Joseph Foster said.

  • At a hearing on Monday where he also reviewed plans for assessing the reasonableness of fees that outside consultants charged Detroit, Rhodes said he would hold a hearing on the order on Wednesday. "Creditors made agreements and we all thought the goal was to get the effective date by Thanksgiving, realistically," said attorney Alfredo Perez, who represented one...

  • Lots of risk in biotech: Pro     Monday, 10 Nov 2014 | 2:22 PM ET

    Discussing warning signs from Dendreon, and other worrisome companies, with Les Funtleyder, E Square Asset Management.

  • Dendreon declares bankruptcy     Monday, 10 Nov 2014 | 2:18 PM ET

    Joseph Pantginis, Roth Capital, has been negative on Dendreon for a long time, ahead of the drugmaker's bankruptcy protection filing.