Sources: Ultra Petroleum in Settlement Talks with Bondholders
Under discussion is the bondholders’ effort to collect at least $201 million in so-called make-whole payments.
MBIA Swap Holders Rebuffed in Bid to Collect - WSJ
Panel rules that Zohar fund’s failure to pay a debt maturity last month didn’t constitute a ‘failure-to-pay’ event
Travel Ban Could Be Just the Beginning of Upheaval for Airlines - The New York Times
But even beyond the ban, executives and government officials expect Mr. Trump to be a disruptive influence on air travel.
China’s Shipbuilders Go From Boom to Rust - WSJ
Shipyards across China are being driven out of business by weak global demand for new ships
St. Joseph’s College in Indiana Latest Small College to Close Its Doors - WSJ
Financial pressures, competition for students forces closure of school founded in 1891
Former Vann's CEO guilty of more than 170 fraud charges
The former CEO of Vann's Inc. has been found guilty of conspiracy and 172 fraud charges alleging his actions helped drive the electronics and appliance store founded by his father-in-law into bankruptcy.
Diversification key for mall developers as retail landscape evolves
A guest post from Kenneth A. Rosen (partner and chair, bankruptcy, financial reorganization and creditors’ rights) and Eric S. Chafetz (counsel) of business law firm Lowenstein Sandler LLP