The U.S. Trustee assigned to the Rooster Energy case and Chet Morrison Contractors & Morrison Energy Group filed with the U.S. Bankruptcy Court separate objections to the Amended Joint Plan of Reorganization of Cochon Properties and Morrison Well Services. The Trustee asserts, “The releases, discharge, exculpations and injunctions provided to ‘Released Parties’ in the Plan…

The U.S. Bankruptcy Court approved Uni-Pixel’s motion to establish and administer a key employee incentive program (KEIP). As previously reported, “The KEIP is necessary to incentivize critical personnel to continue to perform at a high level, without distraction, while assuming additional roles and performing services beyond the duties required by their former positions, in order…

The U.S. Bankruptcy Court approved Global A&T Electronics’ Disclosure Statement and concurrently confirmed its Joint Chapter 11 Plan of Reorganization. According to documents filed with the Court, “The Plan provides for a comprehensive restructuring of the Debtors’ obligations, preserves the going-concern value of the Debtors’ business, maximizes recoveries available to all constituents, provides for an…

In Form 10-K filed on December 15, 2017, for the fiscal year ended September 29, 2017, Learning Tree International, Inc.’s auditor, BDO USA, LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to BDO USA, the Company’s existing cash resources, recurring operating losses, negative cash flows from operations and…

Global A&T Electronics filed with the U.S. Bankruptcy Court Joint Chapter 11 Plan of Reorganization (with technical modifications). According to documents filed with the Court, “For the avoidance of doubt, any Claims of employees otherwise subject to section 503 of the Bankruptcy Code shall be treated as General Unsecured Claims. The Plan does not approve,…

The U.S. Bankruptcy Court approved Cumulus Media’s motion for an order authorizing the Debtors to assume (1) certain rating products agreements, (2) a letter agreement regarding “Addback Services” and (3) agreements with The Nielsen Company (US), Nielsen Audio and eXelate. As previously reported, “In the Summer of 2017, the Debtors started discussing renewal options with…

CGG Holding announced that the U.S. Bankruptcy Court recognized the December 1, 2017 ruling of the Commercial Court of Paris approving the Safeguard Plan. According to a corporate release, the U.S. Court’s recognition order gives full force and effect to the French Court’s approval ruling and prohibits CGG’s creditors from taking any action in the…

Page 9 of 432« First...7891011...203040...Last »