Bankruptcy & Restructuring News & Analysis
Aerospace Company CTL-Aerospace Seeks Rapid Asset Sale to Comply with Financing Deadlines
CTL-Aerospace is seeking court approval for an expedited asset sale process, with major aerospace companies GE and Kawasaki involved as consultation parties
Energy Storage Company Powin Files Joint Liquidation Plan After $54 Million in Asset Sales
The plan addresses an estimated $300 million in unsecured debt and includes a proposed settlement of WARN Act claims from former employees
Big Lots Asset Buyer Seeks Court Order to Force PayPal to Release $600,000 in Reserve Funds
Gordon Brothers Retail Partners has asked a Delaware bankruptcy court to compel PayPal to turn over approximately $600,000 in reserve funds from the Big Lots bankruptcy case
TPI Composites Creditors Challenge Oaktree's $400 Million 'Uptier' Deal
TPI Composites' creditors committee challenges Oaktree's $400 million uptier transaction as fraudulent transfer, alleging the investment firm converted preferred equity to secured debt without providing new funding ahead of bankruptcy. The dispute could significantly impact creditor recoveries and Oaktree's ability to acquire the wind turbine manufacturer's assets through credit bidding
Rite Aid Bankruptcy Trust Sues Walgreens for Tens of Millions in Opioid Litigation Costs
A trust from Rite Aid's 2023 bankruptcy has sued Walgreens for tens of millions in opioid litigation costs, claiming the pharmacy chain must pay under their 2017 store acquisition deal. The dispute centers on whether Walgreens assumed liability for opioid lawsuits related to nearly 2,000 acquired Rite Aid locations