The U.S. Trustee assigned to the Furniture Brands International case appointed a first amended official committee of unsecured creditors. The following members will serve on the amended committee: Todd Yuba of Pension Benefit Guaranty Corporation, Martin Leder of LF Products PTE, John Stakel of Rocktenn CP, James M. Vaughn of Standard Register Company, Bruce Williams…

Savient Pharmaceuticals filed with the U.S. Bankruptcy Court a motion to approve compromise, under Rule 9019, for entry of an order, pursuant to Section 105 of the Bankruptcy Code and Bankruptcy Rule 9019, approving a settlement agreement among the Debtors, the official committee of unsecured creditors and the unofficial committee of senior secured noteholders. Under…

The U.S. Bankruptcy Court approved Green Field Energy Services’ official committee of unsecured creditors’ motion for appointment of an examiner. The order explains, “The examiner shall investigate and prepare a report providing his factual and legal conclusions respecting whether the estates hold valuable claims or causes of action against any of the parties that would…

Overseas Shipholding Group filed with the U.S. Bankruptcy Court a motion to approve a transition incentive plan for non-executive employees (NEIP) and granting related relief. The motion explains, “The Transition NEIP is a broadbased plan intended to offer compensation incentives to substantially all of the non-executive Transitional Employees, anticipated to number approximately 210 in total…

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