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Hertz Global Holdings Inc. picked Knighthead Capital Management and Certares Management to buy the company out of bankruptcy, capping a dramatic brawl for control of the car renter as travel rebounds, according to people with knowledge of the matter.
The company selected a bid from the firms over a competing group led by Centerbridge Partners, Warburg Pincus and Dundon Capital Partners, the people said, asking not to be identified discussing private plans. The winning plan would hand shareholders value of around $8 a share, made up of about $240 million in cash and warrants for nearly 20 percent of the reorganized equity, they added.
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The National Rifle Association responded on Wednesday to a federal judge s decision to toss the group s bankruptcy filing, saying it will continue to fight on all fronts in the interests of its mission and its members.
NRA CEO and Executive Vice President Wayne LaPierre said in a statement that he was disappointed in some aspects of the decision after the case was dismissed on Tuesday, adding, There is no change in the overall direction of our Association, its programs, or its Second Amendment advocacy. Today is ultimately about our members those who stand courageously with the NRA in defense of constitutional freedom, LaPierre wrote.
$2,300 Phone Call. $1,000 Cab Ride. Purdue Runs Up $400M Bankruptcy Tab. By Jeremy Hill and Dawn McCarty | May 12, 2021
One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab ride to and from the court in White Plains, New York that’ll be $1,000.
Those are just some of the almost $400 million of fees and expenses racked up by professionals working the bankruptcy of Stamford, Connecticut-based Purdue Pharma LP. The bills add up to more than half the amount that all individuals harmed by OxyContin would share under the drugmaker’s proposed settlement of personal injury claims.
A spokesman for the diocese did not immediately respond to Anderson s claims.
The diocese sought bankruptcy protection in October 2020, citing the impact of clergy sex abuse claims and the COVID-19 pandemic. It is seeking to reorganize its finances under Chapter 11 protection from creditors.
In its filing, the diocese asserted it has not shied away or skirted any responsibilities relating to the survivor claims but, instead, ran out of time and money to address the outstanding claims
The diocese has reported paying about $18.2 million to resolve 170 clergy sex abuse claims since 1990. The average survivor claim has received $107,191, it said in a court filing.