Reorganizations & Restructuring. Legal news and articles for February 29 - 29, 2012

A Turnaround Specialist Says Bankruptcy Is Becoming Unaffordable for Small ...Barjan Truck Supply Brands Sold as Part of Restructuring ProcessCommunity West Bancshares Announces Operational RestructuringElephant Theatre Company going on hiatus for 2012Court approves Ener1 plan to emerge from Ch. 11Community West Bancshares Announces Operational RestructuringEner1 Says Court Confirms Pre-packaged Plan Of Reorganization;To Exit Chapter 11COMMUNITY WEST BANCSHARES : Announces Operational RestructuringThought Leader Global to Hold Tax ForumNicOx 2011 Loss Narrows - Quick FactsWalnut Creek police reorganization: More police downtown, less traffic enforcementInotera, Winbond to benefit from Elpida reorganization: bankNicOx 2011 Financial ResultsCollege shuffle hits wall after visions clashedFirst Solar Posts 4Q Loss, Cuts 2012 View As Costs Surge, Demand Weakens

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Dhanoa Minerals Undergoes Reverse Stock Split, Name Change, and Receives ...
Sacramento BeeFebruary 1, 2012

The Board of Directors, according to CFO Fred Schiemann, authorized the move as part of its financial reorganization of the company to restructure its stock and capitalization in order to facilitate new business activities and credit arrangements.more »

U.S. Troop Transporter Global Aviation Files for Bankruptcy in New York
BloombergFebruary 6, 2012

Chapter 11 allows companies to keep operating and either reorganize or sell assets through a court-supervised auction. “The company needs to complete its comprehensive restructuring due to having too large a fleet, labor costs that exceed industry ...more »

Reorganizations & Restructuring. News and Stories

A Turnaround Specialist Says Bankruptcy Is Becoming Unaffordable for Small ...
New York TimesFebruary 29, 2012

That has become much more difficult in recent years, he says, as changes in bankruptcy law have given unsecured creditors more power and made bankruptcy more expensive. These legal changes and increased costs have in turn pushed troubled companies to ...more »

Barjan Truck Supply Brands Sold as Part of Restructuring Process
MarketWatch (press release)February 29, 2012

With support from its secured lenders and loyal customers, Barjan and TSC Global believe their reorganization efforts will be successful and benefit their creditors and customers. Barjan's parent company, TSC Global, LLC and certain affiliates, ...more »

Community West Bancshares Announces Operational Restructuring
MarketWatch (press release)February 29, 2012

GOLETA, Calif., Feb 29, 2012 (BUSINESS WIRE) -- Community West Bancshares ("Community West"), (NASDAQ:CWBC) , parent company of Community West Bank, today announced its plan to reorganize the operations of the company. The operational restructuring...more »

Elephant Theatre Company going on hiatus for 2012
Los Angeles TimesFebruary 29, 2012

"But we would not have been able to last much longer without reorganizing and restructuring." She said the company is looking to hire a managing director who will oversee fundraising and grant applications. It also plans to restructure the board of ...more »

Court approves Ener1 plan to emerge from Ch. 11
CBS NewsFebruary 29, 2012

The New York company, which filed for Chapter 11 protection late last month, expects to come out of the court reorganization by mid-March. Under Ener1's plan, it will secure up to $86 million in new equity funding and restructure its long-term debt.more »

Community West Bancshares Announces Operational Restructuring
SunHerald.comFebruary 29, 2012

Community West Bancshares (“Community West”), (NASDAQ: CWBC), parent company of Community West Bank, today announced its plan to reorganize the operations of the company. The operational restructuring plan, designed and executed by new management, ...more »

Ener1 Says Court Confirms Pre-packaged Plan Of Reorganization;To Exit Chapter 11
NASDAQFebruary 29, 2012

The plan provides for a restructuring of the company's long-term debt and the infusion of up to $86 million of new equity funding, which will support the continued operation of Ener1's subsidiaries. In addition to the new equity funding, the holders of ...more »

COMMUNITY WEST BANCSHARES : Announces Operational Restructuring
4-tradersFebruary 29, 2012

Community West Bancshares ("Community West"), (NASDAQ: CWBC), parent company of Community West Bank, today announced its plan to reorganize the operations of the company. The operational restructuring plan, designed and executed by new management, ...more »

Thought Leader Global to Hold Tax Forum
San Francisco Chronicle (press release)February 29, 2012

There will be a broad range of taxes and related topics separately discussed at the Forum, including business restructuring, intra-group financing and overall tax planning. The Forum, which is to be held in Amsterdam, is intended to assist business ...more »

NicOx 2011 Loss Narrows - Quick Facts
RTT NewsFebruary 29, 2012

PK: News ) posted net loss of 16.64 million euros for 2011 compared to loss of 43.95 million euros last year, reflecting significant reduction in all the operating expenses following the restructuring implemented after the decision of the FDA not to ...more »

Walnut Creek police reorganization: More police downtown, less traffic enforcement
Contra Costa TimesFebruary 29, 2012

By Elisabeth Nardi WALNUT CREEK -- A reorganization of the city's police department will mean no more dedicated traffic cops, scaled back school outreach and more officers assigned to downtown. The reorganization, announced Tuesday, is necessary in the ...more »

Inotera, Winbond to benefit from Elpida reorganization: bank
Focus Taiwan News ChannelFebruary 29, 2012

Faced with debts of about 448 billion Japanese yen (US$5.56 billion), the company will now try to restructure its business under the oversight of the Tokyo District Court and a court-appointed supervisory and review committee.more »

NicOx 2011 Financial Results
ReutersFebruary 29, 2012

In July 2011, NicOx submitted a formal appeal under the US FDA's Formal Dispute Resolution process, regarding the decision issued in July 2010 by the FDA not to approve the naproxcinod New Drug Application (NDA) that NicOx had submitted in September ...more »

College shuffle hits wall after visions clashed
The OrionFebruary 29, 2012

The reorganization of colleges and departments at Chico State that started in August 2011 has come to an abrupt halt. The administration would like to offer faculty, staff, students and alumni a chance to participate in the discussion about the ...more »

First Solar Posts 4Q Loss, Cuts 2012 View As Costs Surge, Demand Weakens
Wall Street JournalFebruary 29, 2012

The company also cut its 2012 revenue forecast by $200 million to between $3.5 billion and $3.8 billion, although it kept its full-year earnings forecast of $3.75 to $4.25 a share, not including potential impairment or restructuring charges.more »

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