Chapter 11, Title 11, United States Code

FBFK Wins the Turnaround Management Association's Small Company Turnaround of the Year Award for Pogo Energy, LLC

Retrieved on:

Wednesday, September 13, 2023

Alberto Riveron, Ernst & Young Entrepreneur of the Year Award, Public Citizen Litigation Group, Chapter 11, Title 11, United States Code, Turnaround, DIP, Government, Creativity, Gibson, TMA, Conference, Bankruptcy, Cryptocurrency, DALLAS

DALLAS, Sept. 13, 2023 /PRNewswire-PRWeb/ -- The Turnaround Management Association (TMA), the premier nonprofit serving corporate renewal and restructuring professionals worldwide, announced that Pogo Energy, LLC, represented by FBFK lawyers Rachael Smiley, Bankruptcy/Reorganization Attorney and Chair of the Litigation Group and Attorney/Litigator Alex Campbell, is a 2023 TMA Turnaround/Transaction of the Year Award winner in the Small Company Turnaround/Transaction category.

Key Points:

FBFK Law Firm's Rachael Smiley and Alex Campbell win 2023 Small Company Turnaround/Transaction of the Year Award from the Turnaround Management Association.
"It's rare for a Chapter 11 debtor to reorganize under existing ownership and management – and without DIP financing.
"We're honored to receive this award and extremely proud of the Pogo Energy case outcome," says Smiley.
Additional members of the Pogo Energy turnaround team included Phil Terry, CEO, Pogo Energy, LLC.

Soft Surroundings Takes Strategic Steps to Secure Stronger Future for the Company

Retrieved on:

Monday, September 11, 2023

United States bankruptcy court, RSA, United States Bankruptcy Court for the Southern District of New York, Longevity, Gordon Brothers, Soft, DIP, Chapter 11, Title 11, United States Code, Financial services

To implement the RSA, the Company has filed voluntary petitions for reorganization under Chapter 11 in the Bankruptcy Court for the Southern District of Texas (Houston Division).

Key Points:

To implement the RSA, the Company has filed voluntary petitions for reorganization under Chapter 11 in the Bankruptcy Court for the Southern District of Texas (Houston Division).
Soft Surroundings has secured $18 million in debtor-in-possession ("DIP") financing from Gordon Brothers, subject to court approval, to enable business continuity.
The Company will also begin taking steps to reorganize around its direct-to-consumer and e-commerce operations.
Our commitment to our stakeholders has never wavered as we meticulously evaluated the best path forward and are welcoming this next step to financially secure a bright future for Soft Surroundings.

PARTY CITY DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Party City To Contact Him Directly To Discuss Their Options

Retrieved on:

Saturday, September 9, 2023

If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.

Key Points:

If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
Then, on January 17, 2023, Party City filed for bankruptcy pursuant to Chapter 11 of the U.S. Bankruptcy Code.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Party City's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

CIT Northbridge Provides $55 Million in Exit Financing to National CineMedia LLC

Retrieved on:

Thursday, September 7, 2023

COVID-19, Bank, First Citizens BancShares, National CineMedia, Chapter 11, Title 11, United States Code

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit , as advised by First Citizens Institutional Asset Management, LLC, provided a $55 million revolving credit facility to National CineMedia LLC to support their emergence from Chapter 11 bankruptcy.

Key Points:

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- First Citizens Bank today announced that CIT Northbridge Credit , as advised by First Citizens Institutional Asset Management, LLC, provided a $55 million revolving credit facility to National CineMedia LLC to support their emergence from Chapter 11 bankruptcy.
National CineMedia operates the largest national cinema advertising platform in North America, delivering premier video and digital marketing solutions to local and national clients.
"We appreciate the streamlined financing process employed by CIT Northbridge," said Ronnie Ng, Chief Financial Officer at National CineMedia, Inc. "CIT Northbridge understands our unique market position and developed financing tailored to our needs and our renewed focus on providing best-in-class advertising solutions and innovative data technology to our customers."
CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Eos, Apellis, and Party City and Encourages Investors to Contact the Firm

Retrieved on:

Thursday, September 7, 2023

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.

Key Points:

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
For more information on the Apellis class action go to: https://bespc.com/cases/APLS
After trading on January 17, 2023, Party City filed for bankruptcy protection under Chapter 11.
When the true details entered the market, the lawsuit claims that investors suffered damages.
For more information on the Party City class action go to: https://bespc.com/cases/PRTY

Katten Adds Joshua Altman to Insolvency and Restructuring Team

Retrieved on:

Wednesday, September 6, 2023

Government, Intellectual property, Altman, Insolvency, Kirkland, Face, Chapter 11, Title 11, United States Code, Kirkland & Ellis, Security (finance)

CHICAGO, Sept. 6, 2023 /PRNewswire/ -- Katten announced today that Joshua M. Altman has joined the firm as a partner in the Insolvency and Restructuring practice in Chicago.

Key Points:

CHICAGO, Sept. 6, 2023 /PRNewswire/ -- Katten announced today that Joshua M. Altman has joined the firm as a partner in the Insolvency and Restructuring practice in Chicago.
Altman represents major national and international companies throughout the lifecycle of both in-court and out-of-court restructuring processes.
"Josh is a proven lawyer who understands the complexities and challenges all stakeholders face in restructuring matters," said Steven J. Reisman, co-chair of Katten's Insolvency and Restructuring practice.
Katten is a full-service law firm with approximately 700 attorneys in locations across the United States and in London and Shanghai.

DEADLINE ALERT for BTAI, MNK, and STX: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Retrieved on:

Tuesday, September 5, 2023

LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.

Key Points:

LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.
Investors have until the deadlines listed below to file a lead plaintiff motion.
Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected] .
The Law Offices of Frank R. Cruz, Los Angeles

PARTY CITY DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Party City To Contact Him Directly To Discuss Their Options

Retrieved on:

Saturday, September 2, 2023

If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.

Key Points:

If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
Then, on January 17, 2023, Party City filed for bankruptcy pursuant to Chapter 11 of the U.S. Bankruptcy Code.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Party City's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Party City, Hayward, and Verizon and Encourages Investors to Contact the Firm

Retrieved on:

Saturday, September 2, 2023

After trading on January 17, 2023, Party City filed for bankruptcy protection under Chapter 11.

Key Points:

After trading on January 17, 2023, Party City filed for bankruptcy protection under Chapter 11.
Following this news, Verizon stock dropped $2.55 per share, or 7.5%, to close at $31.46 on July 17, 2023.
When the true details entered the market, the lawsuit claims that investors suffered damages.
For more information on the Verizon class action go to: https://bespc.com/cases/VZ

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Mallinckrodt plc (MNK)

Retrieved on:

Friday, September 1, 2023

Class Action Lawsuit, Professional Services, Legal, The Wall Street Journal, Chapter 11, Title 11, United States Code, Trust, Law, Suite, Risk, Court, Defendant, News, NYSE, Bankruptcy, Security (finance), Cryptocurrency, Mallinckrodt

The Law Offices of Frank R. Cruz reminds investors of the upcoming September 5, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Mallinckrodt plc (“Mallinckrodt” or the “Company”) (NYSE: MNK ) securities between June 17, 2022 and June 14, 2023, inclusive (the “Class Period”).

Key Points:

The Law Offices of Frank R. Cruz reminds investors of the upcoming September 5, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Mallinckrodt plc (“Mallinckrodt” or the “Company”) (NYSE: MNK ) securities between June 17, 2022 and June 14, 2023, inclusive (the “Class Period”).
In June 2022, the Company made its first payment as it emerged from Chapter 11 bankruptcy protection.
On June 2, 2023, The Wall Street Journal reported that Mallinckrodt was considering bankruptcy again as its next payment due date approached.
On this news, Mallinckrodt’s stock price fell $0.98, or 40%, to close at $1.47 per share on June 5, 2023, thereby injuring investors.