On June 29, 2017, Moody’s Investors Service downgraded Fairway Group Holdings Corp.’s corporate family and probability of default ratings to Caa2 and Caa2-PD respectively. “Although Fairway emerged from bankruptcy in 2016 with a lower debt burden, it’s operating performance continues to deteriorate as it faces a very difficult operating environment including intense competitive pricing pressure,”…

The U.S. Bankruptcy Court approved SunEdison’s motion for an order authorizing and approving the directors and officers (D&O) mediation settlement agreement and D&O insurance cooperation agreement. As previously reported, “SunEdison faces dozens of lawsuits involving claims by shareholders or investors against SUNE, the Yieldcos and their respective present and former directors and officers, all of…

Ezra Holdings filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 13, 2017 and January 12, 2018, respectively. The motion explains, “The Debtors intend to maintain speed and efficiency in these chapter 11…

The U.S. Bankruptcy Court approved Tidewater’s motion for entry of an order approving the Company’s non-insider key employee retention payment program (KERP). As previously reported, “Prior to the commencement of these chapter 11 cases, the Debtors, with the assistance of their advisors and input from the board of directors (the ‘Board’), designed and implemented a…

National Public Finance Guarantee announced that it has filed a complaint against the Financial Oversight and Management Board for Puerto Rico (Oversight Board), seeking declaratory, injunctive and mandamus relief requiring the Oversight Board to comply with its obligations under the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), to certify the modifications to the…

Page 20 of 379« First...10...1819202122...304050...Last »