The U.S. Bankruptcy Court approved a stipulation filed by the City of Detroit, Michigan, Financial Guaranty Insurance, Deutsche Bank AG, London, Dexia Credit Local and Dexia Holdings, Panning Capital, Monarch Alternative Capital, Bronze Gable, Aurelius Capital Management, Stone Lion Capital Partners, BlueMountain Capital Management, the Macomb Interceptor Drain Drainage District and Wilmington Trust in its…

SIGA Technologies filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 14-12623. This biotech/pharmaceutical company, which specializes in the development and commercialization of solutions for serious unmet medical needs and biothreats, is represented by Stephen Karotkin of Weil, Gotshal & Manges. According to documents filed…

The U.S. Bankruptcy Court confirmed Momentive Performance Materials’ (MPM) Joint Chapter 11 Plan of Reorganization and adjudicating certain adversary proceedings. The Court had conditionally confirmed the Plan on August 27, 2014. Key terms of the Plan include a $600 million rights offering, which will provide a significant equity infusion to the Company and 100% recovery…

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