Roy Brown News
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The Obama administration has temporarily barred more than 3,800 contractors from winning new federal work so far in 2012, the most on record.
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Creditors of Lehman Brothers Holdings Inc. are forming lines of battle for and against the idea of substantively consolidating all of the Lehman companies under a Chapter 11 plan.
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GSI Group Inc. , a provider of laser- based systems to aid manufacturing, reported the results of the rights offering accompanying the Chapter 11 plan the bankruptcy judge approved in a May 27 confirmation order.
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Brown Publishing Co., the bankrupt former owner of Dan’s Papers in the Hamptons, Wall Street’s summer retreat, had its liquidation plan approved in federal court.
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George R. Hodges , a U.S. Bankruptcy Judge in Charlotte, North Carolina, must decide whether to cede control of part of the reorganization of Garlock Sealing Technologies LLC to a bankruptcy judge in Delaware.
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Midway Games Inc .’s creditors’ committee agreed to take $1 million to settle remaining claims against owner Sumner Redstone and companies he controls. The settlement is set for approval in bankruptcy court on June 23.
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Brown Publishing Co., publisher of Dan’s Papers, the largest-circulation local newspaper on eastern Long Island, New York, filed for bankruptcy, citing a decline in advertising liked to the real estate market.
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Brown Publishing Co., publisher of the largest-circulation local newspaper on eastern Long Island, filed Chapter 11 petitions for itself and affiliates on April 30 in Central Islip, New York.
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Innkeepers USA Trust didn’t properly carry out its duties to creditors, U.S. Bankruptcy Judge Shelley C. Chapman ruled last week. Chapman refused to approve an agreement that would have compelled Innkeepers, a real estate investment trust, to pursue a reorganization plan giving the stock to a subsidiary of Lehman Brothers Holdings Inc.
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The partnership that owns the Texas Rangers professional baseball club filed a so-called prepackaged Chapter 11 reorganization yesterday in Forth Worth, Texas, to sell the operation in a transaction the club said has a value of $575 million.
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