In a proposal announced Thursday, River Rock Entertainment Authority, the operator of Sonoma County’s oldest tribal casino, said it would offer cash payments amounting to 30 percent of the principal amount of outstanding senior notes that are due in 2018.
"The Debtors commenced these cases to implement a balance sheet and operational restructuring that will allow the Debtors to become a market leading casual dining steakhouse operator."
Talks come ahead of auction that will see Gawker founder Nick Denton lose control of the company he founded
“Golfsmith currently has the necessary liquidity to pay the Company’s financial obligations as they become due. The Company’s management team is focused on strengthening the Company and its business operations to maintain and expand its position as a leading golf retailer, and has engaged financial advisors to explore potential strategic initiatives.”
The slumping oil market is taking a heavy toll on Nova Scotians
- Thomas Moran, II, Chapter 11 Trustee for Life Partners Holdings Inc. (LPHI), is clarifying for LPHI creditors that the “Investor Plan” proposed by Moran and the Official Committee of Unsecured Creditors in the Life Partners bankruptcy case is the only plan being recommended by all of the Court-appointed fiduciaries, each of whom has a legal responsibility to protect creditors’ financial interests in the case.
"Vicious” press coverage is part of the reason that high-profile biotech company Kadmon has had a disappointing debut on the public markets, CEO Harlan Waksal told CNBC
Ira L. Herman joined Blank Rome as a partner in the Finance, Restructuring and Bankruptcy group. Herman joins from Thompson & Knight