Bankruptcy
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A California federal judge on Friday allowed Pacific Gas and Electric Co. to keep its right to exclusively pitch a Chapter 11 plan through September, saying it was “the best of the choices presented” when it comes to helping victims of recent, devastating wildfires blamed on the power company… Read this piece in its entirety
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Sears spinoff Sears Hometown & Outlet Stores Inc. announced Monday that it had reached an agreement to be acquired by a company controlled by former Sears CEO Edward Lampert, which is represented in the transaction by Cleary Gottlieb Steen & Hamilton LLP… Read this piece in its entirety at Law360.
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A trust established to protect prebankruptcy General Motors creditors asked a New York federal court Monday to greenlight a $231 million settlement aimed at resolving a nearly decade-old case over a $1.5 billion term loan that GM made prior to its 2009 bankruptcy sale… Read this piece in its entirety at Law360.
Mike LaSusa 