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A service for global professionals · Wednesday, December 6, 2023 · 673,223,444 Articles · 3+ Million Readers
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Unsecured Creditors News Monitoring

  • Published on Dec 5, 2023

    Bankrupt Trucking Company Yellow Auctions Off 75% of Properties

    Yellow, which was the third-largest carrier in the U.S. trucking industry at the time of its collapse last summer, held a court-supervised bankruptcy auction to sell off a significant portion of its national network of truck terminals to rival companies.  …

    Source: PYMNTS.com - Neutral
  • Published on Dec 5, 2023

    Actually, Opioid Victims Love the Sackler Immunity Shields

    The first hour and a half or so of Monday morning’s Supreme Court hearing on the constitutionality of the Purdue Pharma bankruptcy settlement, which shields from liability every member of Purdue’s OxyContin-peddling Sackler family, and a 24-page list of …

    Source: The American Prospect - Washington D.C. - Left-wing
  • Published on Dec 5, 2023

    Sugar Association interdict threatens to delay Tongaat Hulett creditors vote

    Friday’s crucial creditors vote on a business rescue plan for troubled sugar giant Tongaat Hulett is set to be delayed again by court action by the South African Sugar Association (Sasa) to secure the R1.5 billion in unpaid industry levies it is owed. …

    Source: Mail & Guardian - Left-wing
  • Published on Dec 5, 2023

    US's Western Global Airlines to retain fleet post-Chapter 11

    25.10.2023 - 14:23 UTC Shareholders of Western Global Airlines (KD, Fort Myers Southwest Florida) (WGA) have requested the US Bankruptcy Court in Delaware to dismiss or reduce to zero, claims arising from a class action suit claiming prohibited financial …

    Source: Ch-Aviation - Neutral
  • Published on Dec 5, 2023

    Reward Executes Binding Share Sale Agreement to Acquire the Beyondie SOP Project

    Reward Minerals Limited (ASX: RWD) (Reward or the Company) is pleased to announce that it has entered into a binding share sale agreement (Share Sale Agreement) with the Receivers and Managers (Receivers) of Kalium Lakes Limited (Administrators appointed) …

    Source: Investing News Network - Neutral
  • Published on Dec 5, 2023

    Reward Minerals takes next step to acquire Beyondie Sulphate of...

    Reward Minerals Ltd (ASX:RWD) has entered into a binding share sale agreement with the receivers and managers of Kalium Lakes Ltd, which is under administration, to acquire the Beyondie Sulphate of Potash (SOP) Project. This agreement is the next step in …

    Source: Proactive Investors - Neutral
  • Published on Dec 5, 2023

    First wave of Yellow terminals will go for $1.9B; sale process ongoing

    Several large less-than-truckload carriers as well as some real estate investors were named as winning bidders of defunct Yellow’s portfolio of terminals. In total, an auction that started last Tuesday netted nearly $1.9 billion in commitments for 130 of …

    Source: FreightWaves - Neutral
  • Published on Dec 4, 2023

    Supreme Court struggles with feds' objection to Purdue Pharma bankruptcy deal

    Supreme Court justices expressed concern Monday over the federal government’s objection to a bankruptcy deal struck by Purdue Pharma — the maker of OxyContin — that would release the family who owns the company from liability in lawsuits related to the …

    Source: The Washington Times - Right-wing
  • Published on Dec 5, 2023

    Mass. mother seeking justice for sons, heads to Supreme Court for Purdue Pharma settlement

    A Massachusetts woman who lost two of her sons to overdose was among the many who attended a nationwide opioid settlement at the U.S. Supreme Court on Monday in Washington, D.C."Their lives mattered. My sons' lives mattered. Every one of our …

    Source: WCVB 5 - Massachusetts - Neutral
  • Published on Dec 5, 2023

    Western Global Airlines Successfully Completes Financial Restructuring

    Company emerges from Chapter 11 with a strong financial foundation and less than $100 million of funded debt, positioned for long-term success. Reorganization efforts supported by all classes of voting creditors. Better positioned to meet customer needs …

    Source: WFMZ - Pennsylvania - Neutral
  • Published on Dec 5, 2023

    Wood Construction victims weigh in on bankruptcy

    KINGSPORT and FALL BRANCH, Tenn. (WJHL) — Dozens of Wood Construction and Remodeling victims claim to have lost money and had their remodeling jobs botched — and Tennessee’s attorney general agrees — but working single mom Sarah Fogle lost a home she’d …

    Source: WJHL - Tennessee - Neutral
  • Published on Dec 4, 2023

    The Sackler family wants protection from opioid lawsuits. Will the Supreme Court grant it?

    Sign up to our Evening Headlines email for your daily guide to the latest news Sign up to our free US Evening Headlines email In the mid-late 1990s, Purdue Pharma began manufacturing, and heavily marketing, an opioid pill that has quickly become a thorn in …

    Source: The Independent - Center-left
  • Published on Dec 4, 2023

    In re Nine West LBO Sec. Litig.

    ADDITIONAL CASES Marc S. Kirschner, as trustee for the Nwhi Litigation trust, Wilmington Savings Fund Society, FSB, as Successor Indenture trustee for the 6.875 percent Senior Notes Due 2019, the 8.25 percent Senior Notes Due 2019, and the 6.125 percent …

    Source: New York Law Journal - Label Pending
  • Published on Dec 3, 2023

    Trade journal publisher insolvent, liquidators struggle for information

    EY's headquarters in Amsterdam: Liquidators in this country are struggling to get information from the director of an insolvent publishing business.A trade journal publisher has been declared insolvent, but liquidators say several attempts to contact …

    Source: The New Zealand Herald - Neutral
  • Published on Dec 4, 2023

    Nine bidders submit plans for Rolta India which owes Rs 14,000 crore

    Mumbai: Lenders to debt-laden software company Rolta India have received nine resolution plans under the ongoing bank-led insolvency process to settle more than ₹14,000 crore in unpaid dues owed to secured and unsecured creditors. People aware of the …

    Source: The Economic Times - Center-right
  • Published on Dec 2, 2023

    Auction for Yellow’s terminals ‘remains ongoing’

    An auction for Yellow Corp.’s terminals hasn’t ended yet, a Delaware court filing revealed late Friday. The auction for the bankrupt company’s less-than-truckload terminals began Tuesday morning, with an expectation that winning bids would be revealed …

    Source: FreightWaves - Neutral
  • Published on Dec 1, 2023

    PREPA bond parties appeal lien, other rulings

    Puerto Rico Electric Power Authority bondholder GoldenTree Asset Management and bond insurer Syncora Guarantee gave notice they will appeal several PREPA bankruptcy decisions. The appeal, announced Thursday, covers all "interlocutory orders merging …

    Source: The Bond Buyer - Neutral
  • Published on Dec 1, 2023

    Jets basketballers had just one game under Australian sponsorship

    Peter Lampp is an experienced sports commentator and former sports editor based in Palmerston North. He writes a weekly column for Stuff. OPINION: Fifteen years ago, for a very short interlude, Manawatū's national league basketball team had an …

    Source: Stuff - Center-left
  • Published on Dec 1, 2023

    Tongaat to remain listed after debt-to-equity offer from Mozambican buyer

    EDWARD WEST MOZAMBICAN family-owned group RGS has won the bids to take over ailing Tongaat Hulett (THL) with a R3.6 billion debt-for-equity offer, plus some R500 million in working capital. The terms of southern Africa’s biggest sugar producers’ business …

    Source: IOL - Pro-Government

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