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2014-10-22 16:23:39

GEORGE TOWN, Cayman Islands, and SUNNYVALE, Calif., Oct. 22, 2014 /PRNewswire/ -- LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar") and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that on October 21, 2014 three U.S. subsidiaries of LDK Solar, LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc. (collectively, the "U.S. Debtors") filed voluntary petitions to reorganize under...

2014-10-17 20:20:59

HOUSTON, Oct. 17, 2014 /PRNewswire/ -- Endeavour International Corporation (OTC: ENDRQ) (LSE: ENDV) announced today that on October 10, 2014, it and certain of its subsidiaries, including Endeavour Operating Corporation (collectively, the "Debtors"), filed a motion (the "Motion") with the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking an order (i) restricting certain transfers of interest in Endeavour common stock and preferred stock and,...

2014-10-15 20:20:19

-- Approximately $1 Billion Reduction in Debt -- NEW YORK, Oct. 15, 2014 /PRNewswire/ -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) ("Eagle Bulk" or "the Company") today announced that it has successfully completed its court-approved financial restructuring, emerging with a strong balance sheet and significantly enhanced liquidity. Sophocles N. Zoullas, Chairman and Chief Executive Officer, commented, "We are very pleased to have concluded our balance sheet restructuring, which has...

2014-10-11 00:20:21

Endeavour will Continue to Conduct Business in the Ordinary Course HOUSTON, Oct. 10, 2014 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the Company has executed a Restructuring Support Agreement ("RSA") with holders of more than two-thirds (2/3) of its 12% First Priority Notes, 12% Second Priority Notes, 7.5% Convertible Bonds and 5.5% / 6.5% Convertible Notes (collectively, the "Notes") to restructure the Company's debt obligations....

2014-10-08 12:22:49

MONTREAL, Oct. 8, 2014 /CNW Telbec/ - Noveko International Inc. (the "Corporation") announces that its Board of Directors approved the filing of a Notice of intention to make a proposal to its creditors pursuant to the provisions of the Bankruptcy and Insolvency Act (the "Act"). The Corporation appointed Richter Advisory Group Inc. to act as trustee in connection with the proposal and to oversee a solicitation process to seek purchasers, strategic partners and/or investors to acquire...

2014-10-08 12:21:32

PharmAthene Selected to Serve on Creditors' Committee ANNAPOLIS, Md., Oct. 8, 2014 /PRNewswire/ -- PharmAthene, Inc. (NYSE MKT: PIP) today announced that the United States Bankruptcy Court for the Southern District of New York has partially lifted the stay of PharmAthene's litigation against SIGA Technologies, Inc., in the Delaware Court of Chancery. The order allows the Chancery Court to issue a final judgment and the parties to pursue appeals thereof. Enforcement of any judgment, once...

2014-10-08 08:27:48

NEWARK, N.J., Oct. 8, 2014 /PRNewswire/ -- The following statement is being issued by Gibbons P.C. regarding the In re: United Gilsonite Laboratories case. NOTE: Please consult United Gilsonite Laboratories' Chapter 11 website at www.gcginc.com/cases/ugl, the Helpline at (888) 425-7006 or the Claims and Balloting Agent referenced below to obtain additional information about the matters covered by this Notice. On March 23, 2011, United Gilsonite Laboratories (the "Debtor") filed...

2014-10-07 20:20:04

VANCOUVER, Oct. 7, 2014 /PRNewswire/ - Veris Gold Corp. ("Veris" or the "Company") reports that on October 3, 2014 the Supreme Court of British Columbia made an order (the "DIP Order") authorizing the Company and its subsidiaries to enter into a debtor-in-possession financing agreement ("DIP Agreement") with Wbox 2014-1 Ltd. (the "DIP Lender") pursuant to which an aggregate amount of up to USD$12 million will be available to support the continued operations during the Companies'...

2014-10-03 16:21:52

TAMPA, Fla., Oct. 3, 2014 /PRNewswire/ -- Entegra TC LLC, along with certain of its direct and indirect subsidiaries (the "Company") announced today that the Debtors' Joint Modified Prepackaged Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (the "Plan") has become effective and the Company has successfully emerged from chapter 11 less than two months after filing voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy...

2014-10-02 16:27:30

PHILADELPHIA, Oct. 2, 2014 /PRNewswire/ -- Echo Therapeutics, Inc. (NASDAQ: ECTE), a medical device company, today announced that the Company has retained PricewaterhouseCoopers LLP's Restructuring and Recovery Services Practice (PwC) as a financial and restructuring consultant to assist the Company in exploring financial and strategic alternatives that could sufficiently address its liquidity needs and allow it to resume operations. Such financial and strategic alternatives could...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.