Bankrupt teen apparel retailer American Apparel Inc (APPCQ.PK) received a $300 million bid on Monday from a group of investors who are backing the return of the company’s controversial founder, Dov Charney, Reuters News reported.Continue
KKR & Co‘s Samson Resources Corp may file for Chapter 11 bankruptcy protection by mid-September, the Wall Street Journal reported on Friday, citing sources familiar with the matter.Continue
Hostess Brands LLC, the U.S. bakery company whose snack cake brands include Twinkies and Ding [...]Continue
Canadian private equity firm Onex Corp has agreed to sell hotel and casino Tropicana Las [...]Continue
Versa Capital Management LLC will be acquiring the business of apparel retailer The Wet Seal. No financial terms were disclosed. Versa won a bid to buy Wet Seal in an bankruptcy auction. Klee, Tuchin, Bogdanoff & Stern LLP, Paul Hastings LLP and Houlihan Lokey Capital are advising Wet Seal while Klehr Harrison Harvey Branzburg LLP and KPMG LLP are advising Versa. Wet Seal filed for Chapter 11 bankruptcy in January.Continue
Unsecured creditors of RadioShack Corp said the electronics retailer timed its bankruptcy to benefit a hedge fund trading strategy even though it cost the company millions of dollars in added losses, according to a court filing that was reported by Reuters News.Continue
Expera Specialty Solutions, a portfolio company of KPS Capital Partners, has agreed to buy certain assets related to the Old Town Fuel & Fiber pulp mill from its senior secured lender. No financial terms were disclosed.Continue
Sycamore Partners said Monday that it has bought the Coldwater Creek brand and other intellectual property. No financial terms were disclosed. The firm plans on re-launching Coldwater Creek, a women’s clothing retailer that filed for bankruptcy, as an independent portfolio company.Continue
Green Field, an oilfield service firm based in Lafayette, Louisiana, has sold its equipment and inventory assets to Gordon Brothers Group. No financial terms were disclosed. Carl Marks served as an investment banker to Green Field on the transaction. Green Field filed for bankruptcy last October.Continue
Canadian private equity firm The Catalyst Group has completed the acquisition of specific assets of Advantage Rent a Car from Simply Wheelz, a subsidiary of Franchise Services of North America. No financial terms were disclosed for the 363 sale that includes operations at 37 airports. Simply Wheelz filed for bankruptcy protection last November.Continue
Gordon Brothers Group, a Boston-based advisory, restructuring and investment firm, has received approval by bankruptcy court to sell all assets formerly owned by Green Field Energy Services. A well service provider specializing in turbine-powered hydraulic fracturing services, Green Field filed for bankruptcy on October 27, 2013. The company’s assets are valued at more than $250 million.Continue
A U.S. federal judge on Tuesday temporarily froze the U.S. assets of Mt. Gox chief [...]Continue
Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on [...]Continue
Hybrid automaker Fisker Automotive has hired law firm Kirkland & Ellis to advise it on [...]Continue
(Reuters) – FBI agents searched the offices of Solyndra on Thursday, the U.S. solar startup that received millions of dollars in federal loan guarantees before filing for bankruptcy this week.
The search comes amid intensifying pressure on the Obama administration, which championed Solyndra as being at the forefront of solar technology when President Barack Obama visited the company’s Fremont, Calif., facility in 2010.
The FBI said it was searching for materials, including documents, but did not offer more specifics.
“We are executing search warrants at Solyndra regarding …Continue
(Reuters) – As expected, Solyndra LLC, a solar panel maker that received $535 million in federal loan guarantees, filed for Chapter 11 Bankruptcy protection today, the third U.S. solar firm to succumb to pressure from Chinese rivals in recent weeks. Solyndra, which also received more than $700 million in venture capital funding, said it will […]Continue
(Reuters) – Claim Jumper Restaurants LLC filed for a pre-packaged bankruptcy in a Delaware court on Friday and said it agreed to sell all of its assets and operations to an affiliate of Canyon Capital Advisors LLC. In its Chapter 11 petition, the Irvine, California-based company listed assets in the $50-$100 million range and liabilities […]Continue
(Reuters) – Privately held alternative asset manager GSC Group Inc, a former unit of Travelers Group Inc, filed for bankruptcy in a Manhattan court and said it plans to sell all its assets. The company was founded in 1994 by Alfred Eckert as a subsidiary of Travelers to invest in private equity transactions but became […]Continue