Peaje Investments (Plaintiff) filed with the U.S. Bankruptcy Court a verified complaint against defendants Puerto Rico Highways & Transportation Authority (HTA) and its executive director, currently the Hon. Carlos Contreras Aponte; the Commonwealth of Puerto Rico and its Governor, currently the Hon. Ricardo Rossello; the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) and…

Caesars Entertainment Operating Company filed with the U.S. Bankruptcy Court a motion to approve a compromise or settlement between Debtor Caesars Palace Realty (CPRC) and Clark County. The motion notes, “Clark County informed the Debtors that Clark County is seeking to refinance the Bonds that underlie the SID. Such refinancing will reduce the tax assessments…

MIG filed with the U.S. Bankruptcy Court a motion for entry of an order (a) authorizing the sale of certain of the Debtors’ assets free and clear of liens, claims, encumbrances and other interests; (b) authorizing and approving the related asset purchase agreement and related mutual release agreement; (c) declaring the Plan effective (as it…

On May 30, 2017, Moody’s Investors Service downgraded the ratings of The Manitowoc Company, Inc., including the corporate family rating to Caa1 from B3, probability of default rating to Caa1-PD from B3-PD and the second lien notes initially issued at MTW Cranes Escrow Corp to Caa1 from B2. According to Moody’s, the downgrade of Manitowoc’s…

The U.S. Bankruptcy Court approved Avaya’s motion for entry of an order authorizing and approving the sale of the Debtors’ networking business free and clear of all claims, liens, rights, interests and encumbrances and authorizing the Debtors to enter into and perform their obligations under the asset purchase agreement and assume and assign certain executory…

Abengoa Bioenergy US Holdings filed with the U.S. Bankruptcy Court a motion for entry of an order approving a compromise and settlement among the Debtors, the official committee of unsecured creditors and Cofides. The motion explains, “After weeks of intense negotiations, the Debtors, the Committee, and Cofides have reached a settlement (the ‘Settlement’) with respect…

Nuverra Environmental Solutions’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ financing motion. The objection asserts, “The two DIP Facilities provide little or no operating funds beyond use of cash collateral, yet extract overbearing terms to advance the false characterization that these Bankruptcy Cases are ;prepacks.; These…

The Internal Revenue Service, Paragon Offshore’s unofficial equity committee of the shareholders and the U.S. Trustee assigned to the case filed with the U.S. Bankruptcy Court separate objections to Paragon Offshore’s Fifth Joint Chapter 11 Plan. The Trustee asserts, “The Plan should not be confirmed for three reasons: (1) its exculpation provisions are too broad;…

Page 50 of 399« First...102030...4849505152...607080...Last »