Lithium Technology filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, case number 14-14527. The Company, which develops large format lithium-ion rechargeable batteries to be used as a new power source for emerging applications in the automotive, stationary power, and national security markets, is represented by Michael Hastings…

The Louisiana Department of Revenue (LDR) filed with the U.S. Bankruptcy Court an objection to Global Geophysical Services’ Second Amended Joint Chapter 11 Plan of Reorganization. The objection explains, “The Debtors’ plan violates 11 U.S.C. Section 1123(a)(5)(G) in that it does not provide adequate means for the plan’s implementation which should include adequate default provisions…

The U.S. Bankruptcy Court issued an order approving Inversiones Alsacia’s Disclosure Statement and confirming its Joint Prepackaged Plan of Reorganization. The Company announced, “Promptly following the satisfaction of the conditions precedent to the effectiveness of the Plan, the Company will issue new 8.0% Senior Secured Notes due 2018 to holders of existing 8.0% Senior Secured…

David Brooks, Point Blank Solutions’ founder and former chief executive officer, filed with the U.S. Bankruptcy Court an emergency motion to approve a continuance of the hearing date and objection deadline for the Debtors’ motion for an order approving a settlement with class plaintiffs, plaintiffs’ counsel and derivative counsel. The motion explains, “Debtors’ counsel has…

The U.S. Bankruptcy Court issued a final order approving UniTek Global Services’ motion (i) to (a) secure post-petition financing on a super-priority basis, (b) use cash collateral and (c) adequate protection and (ii) scheduling a final hearing, pursuant to Bankruptcy Rule 4001. As previously reported, “Financing involves: (a) commitments to lend an aggregate principal amount…

Page 318 of 399« First...102030...316317318319320...330340350...Last »