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Page 135 - எங்களுக்கு திவால்நிலை நீதிமன்றம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IN BRIEF: Elliott makes winning bid to buy Paper Source out of bankruptcy

IN BRIEF: Elliott makes winning bid to buy Paper Source out of bankruptcy
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Barnes & Noble Owner to Acquire Retailer Paper Source

Barnes & Noble Owner to Acquire Retailer Paper Source Posted on Owners of Barnes and Noble, an American bookseller, revealed it is acquiring Chicago-based Paper Source. Hedge fund Elliott Investment Management’s purchase will provide Paper Source with the necessary capital to surface from Chapter 11 bankruptcy. Barnes & Noble CEO James Daunt is prepared to lead the two companies. Despite both companies set to function separately, partnerships are possible. “With Paper Source’s management team, we will support and accelerate the brand’s strategic growth initiatives. Alongside this, the opportunities for Paper Source to work with Barnes & Noble are tremendously exciting for both businesses,” Daunt said in a press release.

Cyprus Mines OK d to query insurer-backed candidates to rep future claimants

Legal Cyprus Mines OK’d to query insurer-backed candidates to rep future claimants Maria Chutchian 3 minute read Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew Kelly Former talc miner Cyprus Mines Corp may depose two candidates proposed by insurers to represent the interests of people who may bring future talc-related claims in the company’s bankruptcy, a judge overseeing the case ruled on Monday. During a virtual status conference, U.S. Bankruptcy Judge Laurie Selber Silverstein in Wilmington, Delaware signed off on the request by Cyprus, which is being represented by Reed Smith, to conduct brief depositions of the two insurer-backed candidates for the role of future claims representative (FCR) in its Chapter 11 case. Her ruling comes a few weeks ahead of a June 2 hearing in which she ll be asked to choose between three people for the role.

Remington reopens Herkimer County gun factory

ILION — The Remington Arms factory in the Herkimer County village of Ilion has reopened, eight months after its previous owner closed the plant and laid off more than 700 workers. Richmond Italia, managing partner for RemArms owner Roundhill Group LLC, said in an email that the company has called back 230 workers to the factory, with plans for starting production with the Model 870 shotgun line, according to the Times Telegram. Phil Smith, director of communications and governmental affairs for the United Mine Workers of America, said 120 hourly workers are among those who have been called back to work. The reopening comes a little more than a month after the union announced it had reached an agreement with Roundhill that recognizes the union as the hourly employees’ collective bargaining agent when they return to work, establishes a recall process for more former Remington workers to be called back, and sets up a 60-day timeframe for the parties to begin negotiating a f

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