Point Blank Solutions Inc., a maker of body armor for the U.S. military and law enforcement, won court approval to sell almost all its assets to an affiliate of Sun Capital Partners Inc. for about $36.6 million.
Newark Group Inc., a Cranford, New Jersey-based manufacturer of paper and paper products, began a prepackaged Chapter 11 reorganization yesterday it hopes the bankruptcy judge in Newark, New Jersey, will bring to conclusion at a July 27 confirmation hearing.
Point Blank Solutions Inc. ’s acting chief executive officer, James Henderson , was sued by the former CEO’s brother, an investor in the bankrupt military contractor who claims Henderson failed to conduct proper audits.
Lehman Brothers Holdings Inc. announced the first step late yesterday in the last round of a process to enable the sale of its non-bankrupt Aurora Bank FSB, the thrift unit formerly known as Lehman Brothers Bank FSB.
Most if not all of the Washington Mutual Inc. examiner’s report should be filed publicly on Nov. 1, as the result of procedures laid down by the bankruptcy judge for resolving confidentiality disputes.