Washington Mutual Inc. ’s official shareholders’ committee followed up on a suggestion made by the bankruptcy judge and filed another request for an examiner to investigate the merits of a proposed settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase & Co.
The Chapter 11 cases for units of Truvo Luxemburg Sarl, a Belgium-based publisher of directories, may test whether a U.S. bankruptcy court can or should eliminate debt on European companies that aren’t in bankruptcy in the U.S. or abroad.
Secured lenders to Thompson Publishing Holding Co. won’t be able to control the auction for the publisher of newsletters and loose-leaf services, as the result of rulings by U.S. Bankruptcy Judge Peter Walsh at a hearing this week.
Blockbuster Inc. , the movie rental chain, received interim approval from a bankruptcy judge yesterday for $45 million in financing from a promised loan that will grow to $125 million at the final hearing on Oct. 19.
Leslie Controls Inc., a subsidiary of Circor International Inc. , filed a Chapter 11 petition this morning in Delaware to implement a reorganization plan already negotiated with lawyers representing asbestos claimants.
Midland Loan Services Inc., the special servicer for $825 million in fixed-rate mortgages on property of Innkeepers USA Trust , filed papers on Feb. 1 objecting to the request by LNR Securities Holdings LLC and Appaloosa Management LP for the right to oppose the newly proposed Innkeepers reorganization structure.
Newspaper publisher Tribune Co. could end up being reorganized under the Chapter 11 plan filed on Sept. 17 by Oaktree Capital Management LP and Angelo Gordon & Co., whose funds hold what they say are several billion dollars in senior loan claims.