Maria Chutchian
4 minute read
A plaque is displayed at the entrance of the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, New York, U.S., January 9, 2020. REUTERS/Brendan McDermid
Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company s proposed candidate to represent future tort claimants.
Cyprus is asking U.S. Bankruptcy Judge Laurie Selber Silverstein in Delaware to approve Roger Frankel as the future claims representative (FCR) in its Chapter 11 case. A status conference on the matter is scheduled for Monday.
Notice: Undefined index: HTTP USER AGENT in
/home/legalease/legalbusiness/releases/20210504125837/wp-content/plugins/social-warfare-pro/lib/social-networks/SWP Whatsapp.php on line
49
/home/legalease/legalbusiness/releases/20210504125837/wp-content/plugins/social-warfare-pro/lib/social-networks/SWP Whatsapp.php on line
49
/home/legalease/legalbusiness/releases/20210504125837/wp-content/plugins/social-warfare-pro/lib/social-networks/SWP Whatsapp.php on line
49
/home/legalease/legalbusiness/releases/20210504125837/wp-content/plugins/social-warfare-pro/lib/social-networks/SWP Whatsapp.php on line
49
/home/legalease/legalbusiness/releases/20210504125837/wp-content/plugins/social-warfare-pro/lib/social-networks/SWP Whatsapp.php on line
49
View Comments
OCEAN CITY, Md. The Crabcake Factory at 120th Street in Ocean City will head to auction this month after the business declared bankruptcy back in the fall, having owed thousands to various groups.
Bidders will have until May 19 to place bids on the restaurant s furniture, fixtures, equipment, royalties and tangible and intangible assets, according to Alex Cooper Auctioneers, organizer of the auction. The opening bid for the restaurant is currently set at $325,000.
Interested parties will be able to purchase tangible assets like Crabcake Factory s t-shirts, hats and memorabilia, as well as dining and kitchen equipment, according to the auction company.
Hertz Bidding War Builds as Centerbridge Preps New Counteroffer
May 07 2021, 10:11 AM
May 07 2021, 2:27 AM
May 07 2021, 10:11 AM
(Bloomberg) A group of investment firms including Centerbridge Partners is preparing a new offer to buy Hertz Global Holdings Inc. out of bankruptcy, setting up a final showdown over the company in an auction next week.
(Bloomberg) A group of investment firms including Centerbridge Partners is preparing a new offer to buy Hertz Global Holdings Inc. out of bankruptcy, setting up a final showdown over the company in an auction next week.
The group, led by Centerbridge, Warburg Pincus and Dundon Capital Partners, plans to sweeten a previous offer that was surpassed by a plan from Knighthead Capital Management and Certares Management, according to people with knowledge of the matter who asked not to be named because the bid isnât yet public. Terms of the new bid couldnât immediately be learned, but any exit plan would be subject to bankruptc
Sage offered $76.3 million to outduel $69 million bid from MED Healthcare
Bid includes funding a portion of resident deposits that total $112 million
Henry Ford Village
Henry Ford Village, a 1,038-bed continuing care retirement community in Dearborn, was sold at auction for $76.3 million
An affiliate of New York-based Sage Healthcare Partners beat back a $69 million bid from Long Island-based MED Healthcare Partners at auction to acquire for $76.3 million the bankrupt 1,038-unit Henry Ford Village retirement community in Dearborn.
The auction was held as a part of its court-supervised sale process and HFV OPCO LLC, a newly formed affiliate of Sage, made the highest offer.