Reorganizations & Restructuring. Legal news and articles for March 29 - 31, 2012

Velez: Providing more access for seniorsDrydocks Secures Lender Support to Restructure $2.2 BillionYahoo layoffs, restructuring to begin next week: AllThingsDServices for seniors improving on state levelEner1 exits bankruptcy under private ownershipSega announces cancellations after poor earnings, trademarks new Valkyria ...Ener1, Inc. Completes Financial Restructuring and Emerges From Chapter 11Angiotech Pharmaceuticals, Inc. Announces Financial Results for the Fourth ...Yahoo layoffs to begin next week: reportYahoo layoffs to begin next week-reportElpida Bidder, Eircom, MF Global UK Cash: BankruptcyChina's nonferrous firms facing reorganizationReorganization & restructuring: Getting rid of dead woodThe Bankruptcy Files: A Bad Month for Big ShippersLubbock location will survive Best Buy store closings

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TEXT-S&P cuts Edison SpA to 'BB+/B'
ReutersMarch 6, 2012

Overview -- Continued delays to Italy-based utility Edison SpA's shareholder restructuring have, in our view, impaired its ability to address significant short-term refinancing needs. As a result, we are revising our liquidity assessment downward to ...more »

American offers to freeze pension plans instead of terminating
Tulsa WorldMarch 8, 2012

s bankruptcy restructuring, American Airlines has agreed to freeze - rather than terminate - defined-benefit pension plans for non-pilot employees, company and union executives said Wednesday. Under agreements proposed with the Transport Workers Union ...more »

Reorganizations & Restructuring. News and Stories

Velez: Providing more access for seniors
NorthJersey.comMarch 31, 2012

BY JENNIFER VELEZ AND MARY E. O'DOWD During his annual budget address, Governor Christie announced a common-sense restructuring of state government to better serve New Jersey residents — particularly children, low-income families, women, ...more »

Drydocks Secures Lender Support to Restructure $2.2 Billion
BloombergMarch 31, 2012

Drydocks plans to repay creditors over five years as part of a debt-restructuring program it submitted March 8. The company is one of several in Dubai seeking to reorganize debt after property prices and asset values slumped in the Persian Gulf ...more »

Yahoo layoffs, restructuring to begin next week: AllThingsD
FirstpostMarch 31, 2012

Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. The layoffs and reorganization would mark the most significant moves by new Chief ...more »

Services for seniors improving on state level
Dailyrecord.comMarch 31, 2012

Chris Christie announced a common-sense restructuring of state government to better serve New Jersey residents — particularly children, low-income families, women, individuals with developmental disabilities, veterans and seniors.more »

Ener1 exits bankruptcy under private ownership
Indianapolis Business JournalMarch 30, 2012

The company announced Friday that it had completed a restructuring and emerged from Chapter 11 bankruptcy. The US Bankruptcy Court in the Southern District of New York confirmed Ener1's reorganization plan on Feb. 28, and it became effective Friday.more »

Sega announces cancellations after poor earnings, trademarks new Valkyria ...
Digitaltrends.comMarch 30, 2012

These brutal financial circumstances mean that the company is restructuring its games division, including the reorganization of both its US and Europe to make Sega into a smaller, more manageable company that might be more profitable.more »

Ener1, Inc. Completes Financial Restructuring and Emerges From Chapter 11
MarketWatch (press release)March 30, 2012

The US Bankruptcy Court in the Southern District of New York confirmed the Company's Plan of Reorganization (the "Plan") on February 28, 2012, and the Plan became effective on March 30, 2012. Alex Sorokin, Ener1's interim-CEO said, "We have emerged ...more »

Angiotech Pharmaceuticals, Inc. Announces Financial Results for the Fourth ...
PR Newswire (press release)March 30, 2012

Angiotech's Medical Device Technology product lines continued to show growth and stability in 2011, despite the business and liquidity challenges relating to Angiotech's debt restructuring proceedings and reorganization initiatives.more »

Yahoo layoffs to begin next week: report
ReutersMarch 30, 2012

| SAN FRANCISCO (Reuters) - Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not ...more »

Yahoo layoffs to begin next week-report
ReutersMarch 30, 2012

| SAN FRANCISCO, March 30 (Reuters) - Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment.more »

Elpida Bidder, Eircom, MF Global UK Cash: Bankruptcy
BusinessWeekMarch 30, 2012

By Karin Matussek on March 30, 2012 Hynix Semiconductor Inc. (000660), the world's second-largest maker of computer memory chips, submitted an initial proposal to bid for Elpida Memory Inc. (6665), the Japanese chipmaker that filed for bankruptcy last ...more »

China's nonferrous firms facing reorganization
People's Daily OnlineMarch 30, 2012

... and further accelerate restructuring, said Chen Quanxun, chairman of the China Nonferrous Metals Industry Association. The small and medium-sized enterprises are facing merger and reorganization, due to financial pressure and industry depression, ...more »

Reorganization & restructuring: Getting rid of dead wood
Moneylife Personal Finance site and magazineMarch 30, 2012

Getting tough with unproductive employees resulted that those who were not ready to put in hard work, moved away. The 14th part of a series describing the unknown triumphs and travails of doing international business in Asia in the seventies and ...more »

The Bankruptcy Files: A Bad Month for Big Shippers
The American LawyerMarch 29, 2012

Demand for restructuring counsel has not been limited to oceanic outfits this month, as companies in a variety of industries try to reorganize their operations outside of bankruptcy court. Wichita-based aircraft manufacturer Hawker Beechraft, ...more »

Lubbock location will survive Best Buy store closings
LubbockOnline.comMarch 29, 2012

By FROM STAFF AND WIRE REPORTS Lubbock's Best Buy location won't be among 50 stores the Minneapolis-based big box electronics retailer will close as part of a reorganization aimed at cutting some $800 million in costs by fiscal 2015, according to a ...more »

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