Bankruptcy & Restructuring News & Analysis — Conductor

A published Southern District of New York decision approves $1.825 million in retention awards to 38 employees over the objection of the United States Trustee, and sets out how the insider test and the Dana Corp. factors work when the endgame is a sale.

A refinancing bought Alkegen maturity runway and a PIK toggle. Twenty-two months later, the company filed a prepackaged case to eliminate $3.1 billion of funded obligations on a 45-day timeline.

A meal kit manufacturer lost 90 percent of its revenue to five incidents, then converted the resulting contract fight into the primary source of cash in its Chapter 11 plan

The Third Circuit has affirmed the denial of two Boy Scouts of America abuse claimants' requests to undo their $3,500 Expedited Distribution elections, resting on plain plan language and on the statutory rule that creditors cannot modify a confirmed plan

Three insurance holding companies entered Chapter 11 in the Southern District of Texas with a plan, a disclosure statement, and a signed restructuring support agreement already in place. The filing exists because an out-of-court tender offer that drew no opposition still could not reach 100 percent participation