Reorganizations & Restructuring. Legal news and articles for November 29 - 30, 2011

New Idaho Commerce director begins reorganizing; two hires announcedPerkins & Marie Callender's Inc. Emerges from Chapter 11 BankruptcyAmerican Airlines files bankruptcyLePage Orders Reorganization of Maine Revenue ServicesAmerican Airlines — Learning From Its Rivals' MistakesGibraltar: Middle, high school merger a possibilityMcDonnell proposes elimination, mergers of VA boards, agenciesBoeing's Albaugh Expects Long-Term Benefits From AMR BankruptcyFamily fumes over Reflection Riding/Nature Center changeAmerican Lands in BankruptcyBankruptcy filing unlikely to disrupt AA fliersVitro Arbitrator Says Restructuring May Extend Past Dec. 31Flight Attendant Union Prepared to Protect American Eagle Flight Attendants ...Sbarro emerges from bankruptcyFarmington's 2012 budget may demand job, service cuts

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Portuguese embassies and consulates to be restructured – Portugal
Portuguese American Journal (blog)November 1, 2011

Most savings will be achieved through measures such as reforming the diplomatic and consular network operations, resizing the diplomatic staff serving abroad, the reorganization of the Instituto Camões and the Portuguese Institute for Development ...more »

Tribune Judge Says He May Issue Bankruptcy Decision Today
BusinessWeekNovember 1, 2011

s bankruptcy said he may issue his opinion about two competing proposals for reorganizing the newspaper publisher this afternoon. US Bankruptcy Judge Kevin J. Carey in Wilmington, Delaware, told Tribune's chief restructuring officer, ...more »

Reorganizations & Restructuring. News and Stories

New Idaho Commerce director begins reorganizing; two hires announced
The Idaho StatesmanNovember 30, 2011

Idaho Department of Commerce Director Jeffrey Sayer says three top aides have resigned and that the personal changes were necessary to restructure the agency. Sayer praised all three former employees, but said, “We made the changes in those positions ...more »

Perkins & Marie Callender's Inc. Emerges from Chapter 11 Bankruptcy
PR Newswire (press release)November 30, 2011

The United States Bankruptcy Court for the District of Delaware approved the Company's plan of reorganization (the "Plan") on October 31, 2011. As previously announced, private investment funds managed by Wayzata Investment Partners LLC ("Wayzata") are ...more »

American Airlines files bankruptcy
OCRegisterNovember 30, 2011

Restructuring: American is the latest in a long line of airlines to use bankruptcy to reorganize and cut costs. Passengers and frequent flier program members are unlikely to see any change. Labor contracts and other costs are likely targets of the ...more »

LePage Orders Reorganization of Maine Revenue Services
MPBN NewsNovember 30, 2011

LePage says the restructuring is aimed at separating policy responsibilities from operational management, and will ensure the "firm, fair, and consistent application of Maine's tax laws." Under the plan, Research and Econometrics Direct Michael Allen ...more »

American Airlines — Learning From Its Rivals' Mistakes
Wall Street Journal (blog)November 30, 2011

... AMR's decision to file ahead of protracted negotiations with creditors and labor unions is that it can keep a lock on the restructuring process for no more than 18 months, after which it will lose its exclusive right to file a reorganization plan. ...more »

Gibraltar: Middle, high school merger a possibility
Green Bay Press GazetteNovember 30, 2011

The Gibraltar School Board discussed the possible restructuring of the sixth through 12th grades (middle and high school) into a single secondary school during Monday night's regular meeting. Superintendent Steve Seyfer said reorganizing the district's ...more »

McDonnell proposes elimination, mergers of VA boards, agencies
WFIR News Talk RadioNovember 30, 2011

Speaking about his Government Reorganization Plan, Governor McDonnell commented, “Immediately upon taking office, I signed an executive order establishing the Governor's Commission on Government Reform and Restructuring. ...more »

Boeing's Albaugh Expects Long-Term Benefits From AMR Bankruptcy
BusinessWeekNovember 30, 2011

s commercial jet chief expects both planemakers and American Airlines to benefit from parent AMR Corp.'s bankruptcy reorganization, which may hone the carrier's competitive edge. AMR sought court protection from creditors after grappling with soaring ...more »

Family fumes over Reflection Riding/Nature Center change
Chattanooga Times Free PressNovember 30, 2011

2010 -- The Nature Center announces the restructuring of the two adjoining properties and organizations. A name change and reorganization of the governing boards of Reflection Riding Arboretum and the Chattanooga Nature Center last July have members of ...more »

American Lands in Bankruptcy
Wall Street JournalNovember 30, 2011

Soon after, AMR started reaching out to restructuring bankers at Rothschild and bankruptcy lawyers at Weil, Gotshal & Manges LLP, said a person familiar with the matter. On Nov. 15 and 16, AMR's board convened for half-day meetings in Fort Worth, ...more »

Bankruptcy filing unlikely to disrupt AA fliers
Tucson CitizenNovember 29, 2011

Coinciding with the reorganization, Gerard Arpey retired as chief executive of the company. Horton has worked at the company for 22 years. “Throughout the restructuring process, as always, our customers remain our top priority and they can continue to ...more »

Vitro Arbitrator Says Restructuring May Extend Past Dec. 31
BusinessWeekNovember 29, 2011

“The noteholders intend to take all appropriate actions to defend their rights,” he said. The dissenting creditors proposed the issuance of $1.1 billion of new bonds, a cash payment of 10 percent of the outstanding principal of existing notes and a 61 ...more »

Flight Attendant Union Prepared to Protect American Eagle Flight Attendants ...
Sacramento BeeNovember 29, 2011

The key to successful bankruptcy reorganization is commitment to working together toward a strong future. "AFA has vast experience in restructuring and we have been successful in preserving our profession along the way. With AFA's legal and collective ...more »

Sbarro emerges from bankruptcy
Long Island Business NewsNovember 29, 2011

The firm said it voluntarily filed for bankruptcy protection in order to give it time to restructure. Sbarro, an Italian quick service restaurant chain that includes 1000 restaurants in more than 40 countries, touted the plan as a way to put the ...more »

Farmington's 2012 budget may demand job, service cuts
ThisweekLiveNovember 29, 2011

McKnight said he doesn't yet know what the restructure will look like, but all jobs and city services are on the table for potential cuts “because that ($337258) number is so large.” He plans to research restructuring options next week after the City ...more »

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