The U.S. Bankruptcy Court approved the City of Detroit’s motion for an order permitting the redaction of personally-identifiable information contained in any and all documents and materials the City will provide to interested parties. As previously reported, “Personally identifiable information shall include names, physical and electronic addresses, telephone numbers, social security numbers, financial account numbers,…

The U.S. Bankruptcy Court approved AgFeed Industries’ motion for entry of an order: (i) authorizing the Debtors to honor obligations in connection with certain key executive employment and incentive agreements with Edward Pazdro and Gerard R. Daignault; (ii) approving the Debtors’ key executive incentive plan (KEIP) and key manager incentive plan (KMIP) and (iii) authorizing…

Multiple parties – including EDF Trading North America, GX Technology Corporation, Black Gold Logistics and GMX Resources’ official committee of unsecured creditors – filed with the U.S. Bankruptcy Court objections to the sale of substantially all of the Debtors’ assets. The committee explains, “The proposed transaction with NewCo is, in both sum and substance, a…

K-V Pharmaceutical’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court a statement reflecting its support of the Debtors’ Sixth Amended Joint Chapter 11 Plan of Reorganization. The committee states, “The Debtors filed their first plan of reorganization in January 2013 (the ‘Original Plan’), which offered de minimis recoveries to unsecured creditors. Following…

Residential Capital filed with the U.S. Bankruptcy Court a monthly operating report for July 2013. For the period, the Company reported a net loss (from continuing operations) of $44.9 million on $14.1 million in total net revenue. The Company paid $11.9 million in professional fees and $11.7 million in total reorganization items during the month.

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