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.
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.”
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.
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.
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.