104 posts and columns on bankruptcy
Voices
LightSquared Files Bankruptcy-Exit Plan Backed by Fortress, Melody
Wireless venture LightSquared Inc. is seeking to exit bankruptcy protection with backing from private-equity firm Fortress Investment Group LLC and Melody Capital Advisors LLC.Voices
Centerbridge Reaches Tentative Deal for LightSquared Takeover
Private-equity firm Centerbridge Partners LP reached a tentative deal to buy LightSquared Inc. out of bankruptcy proceedings, said people familiar with the matter, potentially upstaging a bid by Dish Network Corp. to take over the wireless telecommunications firm.Voices
Legacy Videogame Company Atari Cleared to Exit Bankruptcy
Atari Inc., the company that helped give birth to the modern-day videogame industry with the introduction of now-classic games such as Asteroids and Pong, received court approval of its plan to exit bankruptcy under the control of its French parent Atari S.A.Voices
Atari’s Bankruptcy Plan Leaves Most Lenders Out of Credits
Atari Inc. was a pioneer of videogames before the $70 billion industry left it behind. Now its creditors are set to meet a similar fate.Voices
Kodak Emerges From Bankruptcy
Eastman Kodak Co. said Tuesday it has emerged from bankruptcy, completing its two-year transformation to a leaner company focused on commercial imaging.Voices
Harbinger Capital Sues Deere, Garmin, GPS Industry Over Spectrum Conflicts
Phil Falcone’s Harbinger Capital Partners LLC has filed suit against makers of GPS devices and industry groups, claiming they negotiated in bad faith over spectrum conflicts that drove a wireless company backed by the hedge fund into bankruptcy.News Byte
Nearly a Billion Dollars Later, Electric Car Startup Better Place Shuts Down
Better Place, a startup that built battery-swapping stations for electric cars, is shutting down, it announced on Sunday. Fortune had reported that this was coming. After raising $850 million and being valued at $2.25 billion, Better Place sold 900 compatible cars in Israel and 400 in Denmark.Voices
Kodak Files Plan to Exit Bankruptcy Protection
Eastman Kodak Co. has filed a plan to exit Chapter 11 bankruptcy protection that would hand ownership of the company to its bondholders and unsecured creditors.Voices
Kodak in Deal to Hand Units to U.K. Retirees
Eastman Kodak Co. reached a deal to turn over the camera-film business that helped make it a blue-chip company and other enterprises to U.K. retirees in exchange for wiping out pension obligations, said people familiar with the matter, in a deal that sets the stage for the onetime photography icon to emerge from bankruptcy proceedings later this year.Voices