Adams Resources Announces The Conclusion Of Strategic Alternatives Related To Its Exploration And Production Subsidiary
AREC plans to file a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and plans to conduct a sale process.
Central Grocers considering bankruptcy: sources | Reuters
Central Grocers is working with law firm Weil Gotshal & Manges LLP, investment bank Peter J. Solomon Co, and consultants from Conway MacKenzie Inc on reviewing strategic alternatives, including a debt restructuring, three people said this week.
IHeartCommunications Press Release
"Management anticipates that our financial statements to be issued for the three months ended March 31, 2017 will include disclosure indicating there will be substantial doubt as to our ability to continue as a going concern for a period of 12 months following the date the first quarter 2017 financial statements are issued as a result of uncertainty around our ability to refinance or extend the maturity of our receivables based credit facility, to achieve our forecasted results, and to achieve sufficient cash interest savings from the pending Exchange Offers and Term Loan Offers."
Petitions to watch | Conference of April 21 - SCOTUSblog
Merit Management Group, LP v. FTI Consulting, Inc. 16-784 Issue: Whether the safe harbor of Section 546(e) of the Bankruptcy Code prohibits avoidance of a transfer made by or to a financial institution, without regard to whether the institution has a beneficial interest in the property transferred, consistent with decisions from the U.S. Courts of Appeals for the 2nd, 3rd, 6th, 8th, and 10th Circuits, but contrary to the decisions from the U.S. Courts of Appeals for the 7th and 11th Circuits.