Savient Pharmaceuticals Files for Bankruptcy Protection
Bloomberg reported that Savient Pharmaceuticals sought bankruptcy protection and court approval to sell its assets to a US WorldMeds unit for $55 million.
Bloomberg reported that Savient Pharmaceuticals sought bankruptcy protection and court approval to sell its assets to a US WorldMeds unit for $55 million.
Moore & Van Allen announced that Zachary H. Smith joined the firm’s Bankruptcy & Financial Restructuring team as a member, based in the firm’s Charlotte office.
Bloomberg said Energy Future Holdings is close to obtaining a loan of more than $3 billion ahead of a bankruptcy filing that may come this month, according to Bloomberg .
Tiger Group’s Remarketing Services Division is liquidating bankrupt Fenco’s remaining warehouse and distribution center equipment in an online auction that closes next week.
Patriot Coal announced in documents filed with the U.S. Bankruptcy Court it reached an agreement with Knighthead Capital Management to financially sponsor Patriot’s emergence from bankruptcy.
Bloomberg reported that bankrupt wireless spectrum company LightSquared is receiving bankruptcy court approval for a creditor vote on four competing restructuring plans.
AccuVal-LiquiTec held an auction in conjunction with Hackman Capital to liquidate the assets of a major manufacturer of floating boat docks.
Chadbourne & Parke announced that two prominent municipal bankruptcy lawyers, Lawrence A. Larose and Samuel S. Kohn, joined the firm’s Bankruptcy and Financial
Restructuring practice as partners. They come from Winston & Strawn, where they represented major creditors in municipal restructurings.
Dow Jones Business Wire reported that OnCure Holdings received bankruptcy court approval of its bankruptcy exit plan, which pays bondholders with proceeds from a $125 million sale of the company’s assets.
A Wall Street Journal blogger reported that cloud storage company Nirvanix filed for Chapter 11 bankruptcy in Delaware federal court.