Tom Hals – Page 5 –

After opening gambit, Detroit manager’s next move vexes creditors

August 24, 2021 at 12:00 p.m.

(Reuters) - Now that Detroit's emergency manager has laid out a tough road that could include a bankruptcy filing for the city, the bondholders, pension managers and others with a...

Kodak expects to exit bankruptcy as soon as July

August 24, 2021 at 8:51 a.m.

(Reuters) - Eastman Kodak Co said on Tuesday it expects to emerge from bankruptcy as soon as July as a commercial imaging business under the control of its creditors. It...

U.S. company’s bankruptcy leaves behind cache of weapons

August 24, 2021 at 1:04 a.m.

(Reuters) - The Bankruptcy Court in Delaware may soon be overseeing what could be a legally dicey firesale - an apparent arsenal of Glock and Beretta handguns and other weapons....

Detroit financial manager steps up from second fiddle

August 24, 2021 at 12:57 a.m.

(Reuters) - Kevyn Orr has many of the credentials needed to try to rescue Detroit from financial ruin, but in one key area he is untested. Orr, appointed by Michigan...

Courts take novel approach to Nortel Networks cash fight

August 24, 2021 at 12:38 a.m.

(Reuters) - A U.S. judge and a Canadian judge agreed on Friday to a joint, simultaneous trial to decide how to divide $9 billion from the liquidation of Nortel Networks,...

U.S., Canada judges mull fate of Nortel cash

August 24, 2021 at 12:34 a.m.

WILMINGTON, Delaware (Reuters) - Creditors of telecoms equipment giant Nortel Networks will find out on Friday how the bankrupt company will proceed in ending the years-long battle over its $9...

After mediation fails, court fight over Nortel begins

August 24, 2021 at 12:30 a.m.

WILMINGTON, Del (Reuters) - Bankrupt telecoms equipment giant Nortel Networks once boasted of a global operation, but now its former world-wide units are squaring off over its last remaining asset:...

Ambac asks judge to bar creditors’ board nominee

August 24, 2021 at 12:28 a.m.

(Reuters) - Bond insurer Ambac Financial Group Inc is aiming to block investment strategist Charles Lemonides from assuming a role on the company's board of directors when it exits Chapter...

Facebook hit with fresh IPO-related lawsuit

August 24, 2021 at 12:20 a.m.

(Reuters) - A Facebook Inc shareholder has sued the social networking company's Chief Executive Mark Zuckerberg and others over its troubled IPO, potentially reviving legal claims that a different court...

Analysis: Bankruptcy filing may be bad option for Detroit

August 23, 2021 at 11:42 p.m.

WILMINGTON, Delaware (Reuters) - If the city of Detroit were a company, it would be a prime candidate to file for bankruptcy, using court protection to cut debt, streamline operations...

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