Christopher Sontchi

Electric-Car Maker Coda Wins Approval of Fortress Sale

Coda Holdings Inc., parent of the electric-car maker that sold fewer than 100 vehicles, won court approval of a $25 million sale to a group led by a Fortress Investment Group LLC unit.

NE Opco Wins Approval of $60 Million Bankruptcy Loan

NE Opco Inc., the largest closely held envelope maker in North America, won court approval to borrow as much as $60 million of a bankruptcy loan to help fund operations.

Vodka Seller CEDC Wins Court Approval of Restructuring Plan

Vodka seller Central European Distribution Corp., headed by Russian billionaire Roustam Tariko, won court approval of its prepackaged restructuring plan a little more than a month after filing for bankruptcy.

WaMu, Capmark, Monorail, Ambac, Innkeepers: Bankruptcy

The examiner for Washington Mutual Inc. issued his 353-page report late yesterday afternoon, concluding that the proposed settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase & Co . “reasonably resolves contentious issues.”

Capmark Creditors Oppose Agreement on $1.5 Billion Goldman, Citigroup Loan

Low-ranking creditors of Capmark Financial Group Inc. will fight the bankrupt company’s plan to use most of its remaining cash to repay a $1.5 billion loan made by a group that includes Goldman Sachs Group Inc.

Visteon Managers Keep Reorganization Control Over Shareholder Protest

Visteon Corp. shareholders can’t propose their own plan to reorganize the bankrupt car-parts maker after a judge renewed management’s exclusive control of the process.

Vodka Seller CEDC Gets May Hearing to Seek Approval of Plan

Vodka seller Central European Distribution Corp., headed by Russian billionaire Roustam Tariko, will seek court approval of its so-called prepackaged restructuring plan just over a month after filing for bankruptcy.

Six Flags Resolves Noteholders' Objections to Bankruptcy Plan, Lawyer Says

Six Flags Inc. resolved the final objections to its reorganization plan, clearing the way for the bankrupt theme-park owner to leave court protection by May 3, lawyers said.

Southern Air Wins Judge’s Approval to Exit Bankruptcy

Southern Air Holdings Inc., an air- cargo company that transported troops into Afghanistan, won court permission to exit bankruptcy under the control of a group of lenders lead by Canadian Imperial Bank of Commerce.

Palm Harbor Wins Court Approval to Hold Asset Auction

Palm Harbor Homes Inc., a U.S. builder of factory-made houses, won court approval to hold an auction to sell its assets with an initial offer of about $58 million.

"This has been a lengthy and complicated process. It was a close call."

- Christopher Sontchi on Jun 11, 2013

Delaware

U.S. Bankruptcy Court

New York

Poland

U.S. Set for Taliban Talks as Afghan Military Takes Lead

Asian Futures Tip Gains as U.S. Jumps on Fed; Gas Rallies

Sushi Aid in $1 Trillion U.S. Farm Bill Irks Watchdogs

NYSE Attack Said Prevented by U.S. Surveillance Program

U.S. Stocks Rally for Second Day as Investors Await Fed