The U.S. Bankruptcy Court approved Ultra Petroleum’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through. The order states, “The Debtors’ exclusive right to propose a plan is extended to March 1, 2017. The Debtors’ exclusive right to solicit acceptances of a plan…

SunEdison filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing and approving (i) the private sale of SunEdison Holdings’ shares in SuneTroughton Farm Solar Limited to purchaser Stark Solar Limited, (ii) the assumption by NVT Licenses of the EPC contract and (iii) the inter-company claims settlement. SunEdison¬†explains, “By this Motion,…

The U.S. Bankruptcy Court issued an order approving Horsehead Holding’s compromise of controversy with U.S. Bank in its capacity as trustee and collateral agent, the indenture trustee, the ad hoc secured noteholders’ committee of 10 1/2% Senior Secured Notes due 2017 and First American Title Insurance Company. As previously reported, “The Settlement Agreement, inter alia,…

Peabody Energy filed with the U.S. Bankruptcy Court a motion to compromise a controversy and memorializing the terms of a settlement between Debtor Big Ridge and the United Mine Workers of America (UMWA) in regards to the board’s compliance specification and notice of hearing to liquidate back pay and other monetary liability due under the…

The U.S. Bankruptcy Court approved LINN Energy’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including January 11, 2017 and March 17, 2017, respectively. As previously reported, “Extension of the Exclusive Periods is merited to provide the Debtors sufficient time to…

SFX Entertainment filed with the U.S. Bankruptcy Court a Second Amended Joint Plan of Reorganization and First Amended Disclosure Statement. The Disclosure Statement asserts, “The Plan proposes the issuance of two classes of securities: New Series A Preferred Stock and Reorganized SFXE Common Stock. The shares of New Series A Preferred Stock to be issued…

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