Exide Technologies filed with the U.S. Bankruptcy Court a motion seeking entry of an order authorizing and approving a stipulation with the California Department of Toxic Substances Control (CDTSC). The motion explains, “Notwithstanding Exide’s success in convincing the Los Angeles Superior Court to provisionally reopen the Vernon Facility, because of continuing litigation risks Exide engaged…

Maxcom Telecomunicaciones’ First Amended Joint Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The Court confirmed the Plan on September 10, 2013. According to the documents filed with the Court, “Under the Plan, subject to the conditions set forth in the recapitalization agreement and the restructuring and support agreement, Maxcom…

The U.S. Bankruptcy Court approved Furniture Brands International’s motion to implement a key employee incentive plan (KEIP) and key employee retention plan (KERP). As previously reported, “The KEIP provides incentive payments to seven senior management employees, including insiders (the ‘KEIP participants’), based on two performance metrics: (a) a successful sale or sales of the Debtors’…

Valley Forge Composite Technologies filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Pennsylvania, case number 13-05253. The Company, which produces technology products, is represented by Maurice R. Mitts of Mitts Milavec. According to documents filed with the SEC, on October 14, 2013 Evan Levine was elected as chairman,…

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