An insurer tied to Apollo Global Management LLC bought a stake in AmeriHome Mortgage Company LLC, a lender taken over this year by a group including former Countrywide Financial Corp. executives, according to three people with knowledge of the investment.
Publisher Tribune Co. filed a modified Chapter 11 plan on Oct. 23 incorporating a revised settlement announced this month. In addition to Tribune, proponents of the revised plan include the official creditors’ committee, senior lenders Oaktree Capital Management LP and Angelo Gordon & Co., and JPMorgan Chase Bank NA, as agent for the senior lenders.
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.
Metro-Goldwyn-Mayer Inc . held its first Chapter 11 hearing yesterday and the bankruptcy judge set aside Dec. 2 for a confirmation hearing to consider approving the reorganization plan that creditors accepted in advance.
LTAP US LLP, a purchaser of life insurance policies in the so-called life settlement market, filed for Chapter 11 protection yesterday in Delaware to protect what it believes is the value of the portfolio above the $222.5 million owing to secured lender Wells Fargo Bank NA , as agent.
Dissident Syms Corp. creditors are dissatisfied with the plan negotiated by the official creditors’ committee and intend to block approval of the reorganization plan in bankruptcy court at the Aug. 29 confirmation hearing.
Lehman Brothers Holdings Inc. filed papers early this morning to stay 50 lawsuits, mostly those it began in the last few days as the two-year deadline was approaching for the commencement of suits to recover fraudulent transfers and preferences.