Petroplus Group Enters Insolvency Proceedings by Reed Smith on 1/31/2012 Petroplus, the largest independent refiner and wholesaler of petroleum products in Europe entered into various insolvency proceedings in Switzerland, England and Wales, France, Germany and Belgium on 24-27 January 2012...more
Receiver Not Dismissed in Jefferson County Bankruptcy by Tampa Bay Bankruptcy Center, P.A. on 11/25/2011 The judge in the bankruptcy case of Jefferson County has refused to dismiss the court-appointed receiver, saying he instead will consider if the law permits him to limit the powers of the receiver. The receiver has been...more
Bankruptcy Court Rejects Triangular Setoff Rights in ISDA Agreement by Jackson Walker on 10/24/2011 On October 4, 2011, in the case of In re Lehman Brothers Inc., the Bankruptcy Court in the Southern District of New York (the "Court") held that a cross-affiliate setoff provision contained in a swap agreement was not...more
Bankrupt Solyndra Spells Warranty Trouble for Customers by Tampa Bay Bankruptcy Center, P.A. on 10/12/2011 The much publicized bankruptcy of solar equipment maker Solyndra has cost the American public millions of dollars in taxpayer money because the company was granted a $535 million loan guarantee by the Obama Administration to...more
Solyndra Bankruptcy and Obama Administration by Tampa Bay Bankruptcy Center, P.A. on 9/22/2011 The collapse of Solyndra Corp, a California based solar maker has subjected the Obama Administration to more than just nation-wide criticism and embarrassment. It has cost US taxpayers $535 million in a loan guaranteed by the...more
Congressional Investigation of Solyndra, Inc. and Department of Energy Loan Programs Office by King & Spalding on 9/21/2011 “A colossal failure … calling into question every loan guarantee that has been issued and … any future loan….” — Sen. Lisa Murkowski (R-AK) The Congressional investigation of Solyndra, Inc., the California solar panel...more
Solar Equipment Maker Solyndra files for Bankruptcy by Tampa Bay Bankruptcy Center, P.A. on 9/6/2011 Solyndra, the company the White House highlighted in its efforts to push for cleaner energy technology, has filed for Chapter 11 bankruptcy protection. It has laid off more than 1,000 full-time and part-time workers and...more
Inside M&A - July/August 2011 by McDermott Will & Emery on 9/1/2011 In This Issue: The Top 5 Traps in Energy M&A Transactions The Top 5 Traps in Distressed M&A Transactions The Top 5 Traps in Energy M&A Transactions by Blake H. Winburne and Matthew R. Archer Energy M&A...more
In re Evergreen Solar, Inc. Declaration of Michael El-Hillow, Chief Executive Officer of the Debtor, in Support of First Day Pleadings by Randall Reese on 8/15/2011 For other documents from this bankruptcy case, please visit: http://www.chapter11cases.com/Evergreen-Solar-Inc_c_27882.html For more information about major bankruptcy cases, please visit our...more
In re Waste2Energy Holdings, Inc. Voluntary Chapter 11 Bankruptcy Petition by Randall Reese on 8/8/2011 For other documents from this bankruptcy case, please visit: http://www.chapter11cases.com/Waste2Energy-Holdings-Inc_c_27709.html For more information about major bankruptcy cases, please visit our...more
In re Evergreen Solar, Inc. Quarterly report (10-Q) pursuant to sections 13 or 15(d) for quarter ended 4/2/2011 by Randall Reese on 5/12/2011 For other documents from this bankruptcy case, please visit: http://www.chapter11cases.com/Evergreen-Solar-Inc_c_27882.html For more information about major bankruptcy cases, please visit our...more
In re Evergreen Solar, Inc. Annual report (10-K) pursuant to section 13 and 15(d) for year ended 12/31/2010 by Randall Reese on 3/9/2011 For other documents from this bankruptcy case, please visit: http://www.chapter11cases.com/Evergreen-Solar-Inc_c_27882.html For more information about major bankruptcy cases, please visit our...more
Wells Fargo, Bank of Montreal & Prudential File Involuntary Chapter 11 Bankruptcy Against Conex International, LLC and Affiliate by Randall Reese on 2/22/2011 Wells Fargo Bank, N.A., Bank of Montreal, and The Prudential Insurance Company of America jointly filed involuntary chapter 11 bankruptcy petitions against Conex International, LLC and Advantage Blasting & Coating, Inc. in...more
Bankruptcy Exit Financing for Grace Drops to $600 Million by Tampa Bay Bankruptcy Center, P.A. on 2/14/2011 W.R. Grace & Co, a company that manufactures catalysts for oil refining confirmed that the money it needs to exit from its decade-long bankruptcy fell to $600 million after a spike in its cash reserves. Grace will utilize $1...more
Beware: "Broken" Subdivision Pitfalls Will Linger for Years to Come: Top Ten Questions You Need to Ask by Kathleen Carpenter, Esq. on 1/4/2011 We now see signs of hope on the horizon for the battered real estate market. But recovery typically happens in stages and there is no reason that this recovery will differ in that regard. At the initial stages of a recovery,...more