LexisNexis® Legal Newsroom
Aseem Gupta
NJ High Court Remands Enviro Cleanup Coverage Row

The New Jersey Supreme Court has ordered the state's Appellate Division to revisit its decision that a property owner may pursue litigation against insurers over environmental cleanup coverage under policies issued to a bankrupt former owner, saying...

Tags:
Aseem Gupta
Marsh Unsecured Creditors Sweat 'Extremely' Quick Sale Plan

The official committee of unsecured creditors in the Marsh Supermarkets Holding LLC bankruptcy took aim late Tuesday at what the committee called the debtor’s “extremely expedited” sale plans for more than 40 of its best locations, arguing...

Tags:
Aseem Gupta
Nuverra Creditors Nix Ch. 11 Plan, Cite Priority Fouls

A Nuverra Environmental Solutions Inc. noteholder trustee accused the bankrupt oil field services company on Wednesday of fielding an “impermissible and unconfirmable” Chapter 11 plan that fully pays general unsecured creditors without providing...

Tags:
Aseem Gupta
Battery Firm Seeks Quick OK For Ch. 11 Bidding, Auction Plan

Warning that bankruptcy expenses could drain its case, saltwater battery developer Aquion Energy Inc. won an accelerated review for its Delaware Chapter 11 bid procedures Wednesday, and said that its only current bidder needs to close on a sale before...

Tags:
Aseem Gupta
Adams Resources Gets OK For 'Unique' Ch. 11 Auction Plan

A Delaware bankruptcy judge gave Adams Resources Exploration Corp. the green light Wednesday for an auction plan both he and the U.S. trustee’s office say they’ve never seen before that will allow the oil and gas driller’s nondebtor...

Tags:
Aseem Gupta
Muzak Parent Files Ch. 15 Amid Canadian Restructuring

Mood Media, the parent company to in-store media provider Muzak, has asked a New York federal bankruptcy court for Chapter 15 protection while it restructures $650 million in outstanding debt in Canada after suffering financial difficulties caused by...

Tags: