Daily Bankruptcy & Restructuring Newsletter for February 13, 2015

Winland Ocean Shipping Bankrupt…
  • Publicly-traded until 2012
  • Two of three ships have been arrested
  • Operating revenue down from $56.4 million in 2012 to $12.6 million in 2014

Court Docket (Bankr. S.D. Tex.): Declaration of Chief Restructuring Officer of Winland Ocean Shipping Corporation (Robert E. Ogle of The Claro Group)

BloombergBusiness: Another Disappointing Retail Sales Report

The Dallas Morning News: Laid-off RadioShack employees lose severance pay

Wall Street Journal: Time Provides Weak Sales Outlook: Magazine Publisher Dealing With Declining Newsstand, Subscription Revenue

Press Release: Hercules Offshore, Inc. (Nasdaq: HERO) reported a loss from continuing operations of$154.1 million, or $0.96 per diluted share, on revenue of $178.7 million for the fourth quarter 2014, compared to a loss from continuing operations of $100.8 million, or $0.63 per diluted share, on revenue of $235.3 million for the fourth quarter 2013

BloombergBusiness: Bill Ackman: Herbalife Will Go to $0 (Video)

NewOak Capital: Falling Oil Hurting—Not Helping—PREPA: Action Needed

BloombergBusiness: Apollo Lawyer Says Momentive Case Ruling Aids Private Equity

ABF Journal: Disposition Experience… Driving the Trading Value of Assets

White & Case: Coming of age: The changing face of international leveraged debt

Bilzin Sumberg: Considerations For Lenders in Workouts & Loan Restructurings

Leave a Reply