• Exide restructuring includes sale of American operations ...

    May 20, 2020· The company says it also filing a motion to initiate a competitive bidding process under Section 363 of the Bankruptcy Code, “designed to achieve the highest or otherwise best offers, for the North American, EMEA and Asia-Pacific businesses.” Exide says vendors with questions about its bankruptcy filing can go to this web page.

  • West Berkeley's Pacific Steel files for bankruptcy

    Mar 13, 2014· Pacific Steel Castings, based in west Berkeley since 1934, filed for Chapter 11 bankruptcy protection in Oakland on Monday. Pacific Steel, one of the largest independent steel casting companies in ...

  • Pacific Steel Casting declares bankruptcy, fails to pay ...

    Feb 06, 2019· Pacific Steel Casting Company, or PSC, which closed permanently in December of last year, filed for bankruptcy Jan. 25 and repaid loans and salaries to top company executives. It, however, did not...

  • 5 Famous Company Towns - HISTORY

    Generations of workers raised their families in Scotia; however, in the mid-1980s, Pacific Lumber’s longtime owners sold the business, and in 2007 the new owners filed for bankruptcy.

  • 7 of the biggest pharma bankruptcies this year

    Sep 23, 2019· Purdue Pharma. When Purdue Pharma filed for Chapter 11 bankruptcy protection earlier this month, the news came as no surprise. With the company staring down nearly 2,000 lawsuits from around the country related to its marketing of Oxycontin, Purdue had reportedly been floating a massive settlement plan that includes bankruptcy and restructuring. As part of the settlement, …

  • Former ZF executive Weller named CEO of supplier Chassix

    Chassix filed for Chapter 11 bankruptcy in 2015 with $556.7 million in total debt and $34.3 million in assets after missing bond payments, but reorganized and emerged in July of that year.

  • Cerberus Capital Management - Wikipedia

    Cerberus Capital Management, L.P. is an American private equity firm, specializing in distressed investing. The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who serves as a senior managing director.The firm has affiliate and advisory offices in the United States, Europe and Asia.

  • Carpenter Technology Corporation - Wikipedia

    Carpenter Technology Corporation develops, manufactures, and distributes stainless steels and corrosion-resistant alloys.In fiscal year 2018, the company's revenues were derived from the aerospace and defense industry (55%), the industrial and consumer industry (17%), the medical industry (8%), the transportation industry (7%), the energy industry (7%), and the distribution industry (6%).

  • PG&E admits its equipment likely sparked California’s most ...

    PG&E has already filed for bankruptcy protection due to losses from the Nov. 8 fire, which scorched more than 153,000 acres and has placed new pressure on utilities to improve the safety of their ...

  • CIT Group - Wikipedia

    CIT Group Inc. (CIT) is a financial holding company and bank holding company incorporated in Delaware and headquartered in New York City.CIT Bank, CIT's banking subsidiary, is headquartered in Pasadena, California.The company's name is an initialism of an early corporate name, Commercial Investment Trust.

  • Seadrill Subsidiaries File for Chapter 11 Bankruptcy in U ...

    Competitors Valaris, Noble, Pacific Drilling and Diamond Offshore have all filed for Chapter 11 this year. Seadrill and Pacific Drilling both went through bankruptcy proceedings in 2018. MORE TOP ...

  • Bankruptcy News - Latest bankruptcy News, Information ...

    Whiting Petroleum CEO to resign after it emerges from bankruptcy Holly was appointed to the top job at Whiting in late 2017, after serving as the head of Anadarko Petroleum Corp's U.S. exploration ...

  • Imerys Talc Units File Bankruptcy as Cancer-Suit Risk ...

    Feb 13, 2019· Imerys Talc America Inc., which supplies talc for products including Johnson & Johnson’s baby powder, filed for bankruptcy protection in an effort to end nearly a decade’s worth of lawsuits ...

  • Pacific Steel Casting files for bankruptcy

    The Chapter 7 bankruptcy filing shows that Pacific Steel Casting Company has about $1.9 million in assets but $3.4 million in liabilities. Not listed among the creditors is the workers’ pension and...

  • Buyers of Pacific Steel Casting 'looted' its assets, made ...

    Nov 07, 2019· The bankruptcy trustee overseeing the liquidation of Pacific Steel Casting filed an “ adversary proceeding ” in court Monday essentially accusing Speyside Fund…

  • Pacific Steel Casting Files for Bankruptcy Protection - WSJ

    Pacific Steel Casting Files for Bankruptcy Protection - WSJ Pacific Steel Casting has filed for bankruptcy protection, telling a judge that it is still struggling after laying off nearly 200...

  • Pacific Steel Casting Archives — Berkeleyside

    Pacific Steel Casting files for bankruptcy. Top executives get paid, but workers don’t get severance By Frances Dinkelspiel Feb. 42019 The 84-year old company said as early as 2017 that it had to...

  • Nation’s Financial Industry Gripped by Fear - The New York ...

    Sep 15, 2008· As Lehman Brothers, one of oldest names on Wall Street, filed for bankruptcy protection, anxiety over the bank’s fate and over what might happen next …

  • Croatian Government Backs Uljanik Shipbuilding and Scenic ...

    Despite U.S. Sanctions, Gazprom Resumes Work on Nord Stream 2. By The Maritime Executive 12-11-2020 10:09:00 Despite extensive U.S. efforts to block further work on the Nord Stream 2 pipeline ...

  • Tim Blixseth - Wikipedia

    Timothy Lee Blixseth (born 1950) is an American real estate developer, record producer, songwriter and timber baron. He was a co-founder of the Yellowstone Club in Montana.In 2006, Blixseth was featured in the Forbes 400 List of wealthiest Americans with a net worth of $1.3 billion. However, based on court records from his 2009 divorce, news reports estimated his 2011 net worth to have dropped ...

  • Company Bankruptcy Information for Pacific Steel Casting ...

    Filed by Debtor Pacific Steel Casting Company LLC (Green, Tracy) (Entered: 01/25/2019) Jan 25, 2019 First Meeting of Creditors with 341(a) meeting to be held on 02/26/2019 at 10:00 AM at Oakland U.S. Trustee Office 13th Floor.

  • Hall of Fame | TMA

    The Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame was created in 2008 during TMA’s 20th anniversary year to honor those whose outstanding individual contributions have made a lasting positive impact on an industry dedicated to stabilizing underperforming companies, rebuilding corporate value, and retaining jobs.

  • WSJ Pro - Bankruptcy

    Dow Jones publishes exclusive news & insight on in-progress bankruptcies & companies headed for distress. Access news, court documents, filings, bond pricing & issuances & more from Daily ...

  • Bankrupt Hertz Wants an Extra $5.4 Million for Executive ...

    Aug 30, 2020· A few months after Hertz Global Holdings Inc. first found the means to pay its top executives an extra $16.2 million mere days before declaring bankruptcy, despite its laying off thousands of employees, the car rental company is looking to dole out another $14.6 million in “bonuses,” according to Fox Business.. Hertz filed for Chapter 11 bankruptcy protection in May and immediately …

  • Photos: Hull of Australian Icebreaker Under Construction

    Seadrill Subsidiaries File for Chapter 11 Bankruptcy in U.S. Court. By The Maritime Executive 12-01-2020 05:45:39 More than two dozen companies affiliated with the offshore rig operator Seadrill ...

  • Should a Power Company Be Held Responsible for Wildfires?

    Mar 01, 2019· PG&E Files for Bankruptcy, Prepares to Reorganize California utility Pacific Gas and Electric (PG&E) filed for Chapter 11 bankruptcy on Jan. 29, as the company… Judge Approves PG&E Bankruptcy …

  • Elizabeth Warren's Legal Work

    Bankruptcy law is about balancing all of these interests in the fairest way possible. Elizabeth was one of the nation's top experts on how to make sure victims hurt by bankrupt companies eventually got paid. Throughout her career, she worked to help set up trusts and other mechanisms to return $27 billion to victims and their families. Counsel

  • When Sears Flourished, So Did Workers. At Amazon, It’s ...

    Oct 23, 2018· Profit-sharing and pensions are a rarity among the rank-and-file, while top executives take home an increasing share of the spoils. Amazon shareholders have …

  • Pacific Steel Casting files for bankruptcy. Top executives ...

    Feb 04, 2019· Pacific Steel Casting files for bankruptcy. Top executives get paid, but workers don’t get severance The 84-year old company said as early as 2017 that it had to shut down because of financial...

  • Philadelphia Orchestra files for bankruptcy protection ...

    Apr 18, 2011· Philadelphia Orchestra files for bankruptcy protection By Fred Mazelis 18 April 2011 The board of the Philadelphia Orchestra voted April 16 to file for Chapter 11 bankruptcy protection.