According to the U.S. Bankruptcy Court docket, Wet Seal filed a motion for an order, pursuant to 11 U.S.C. Section 105(a), 365(a) and 503(b), (I) approving and authorizing the assumption of a plan sponsorship agreement (PSA) and (II) approving and authorizing payment of the $1 million break-up fee and expense reimbursement. The motion explains, “The…

Carl Marks Advisors announced the following three promotions, effective immediately: Keith Daniels – Partner, 44, Jonathan Killion – Director, 31 and Rob Shapiro – Associate, 25. As a Partner on Carl Marks Advisors’ Operating team, Daniels will work on the advisory side of transactions, leveraging his extensive operating, finance and vertical sector experience. Daniels joined…

Morrison & Foerster announced the election of 11 lawyers to the firm’s Partnership, effective January 1, 2015. The group, comprised of five women and six men, includes lawyers from nine practice groups across seven offices. The Partner election of most interest to restructuring professionals is Jennifer Marines. A Member of the Business Restructuring and Insolvency…

According to documents filed with the SEC, Exide Technologies entered into an amendment to its previously amended and restated super-priority Debtor-in-Possession (D.I.P.) Credit Agreement, dated as of July 12, 2013, with its lenders and agent, JPMorgan Chase Bank. According to the 8-K, “The Amendment extends certain milestones relating to the Company’s restructuring efforts. Specifically, the…

According to the U.S. Bankruptcy Court docket, Caesars Entertainment Operating Company (CEOC) filed a motion for joint administration of lead case. The motion explains, “On a consolidated basis, CEOC and its subsidiaries reported approximately $993 million of Adjusted EBITDA on net revenues of approximately $5.4 billion for the twelve months ending September 30, 2014. On…

Young Conaway Stargatt & Taylor, LLP announced that Pauline K. Morgan, a Partner in the firm’s Bankruptcy and Corporate Restructuring Section, will be inducted as a Fellow of the American College of Bankruptcy. The induction ceremony will take place in Washington, DC on March 13, 2015 at the Smithsonian Donald W. Reynolds Center for American…

According to the U.S. Bankruptcy Court docket, Digerati Technologies’ Second Amended and Restated Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. In July 2014, the Court issued a memorandum opinion that explained, “The Two Shareholders have lodged an objection to the Plan, which is meritous and should be sustained. With…

The U.S. Bankruptcy Court approved Digital Domain Media Group’s motion for relief from stay of Florida Department of Economic Opportunity (DEO) for (i) for determination that applications for tax credits are not property of the debtors’ estates or (ii), in the alternative, relief from the automatic stay to terminate non-vested tax credit applications. As previously…

Page 345 of 432« First...102030...343344345346347...350360370...Last »