News

An indirect effective owner of online foreign exchange broker FXCM filed for bankruptcy in New York on Monday with prenegotiated plans to push out the maturity date for $172.5 million in senior notes following the company’s delisting from publi read more

Maurice Sporting Goods Inc. received court approval Tuesday in Delaware for its proposed sale and auction plan as well as a $500,000 breakup fee for its stalking horse bidder that initially drew objections from the U.S. trustee. read more

Bankrupt global plastics supplier M&G USA Corp. secured final Delaware court approval Tuesday for a $100 million debtor-in-possession loan needed to keep its sale plan alive, over objections from Texas plant construction lienholders and the U.S. read more

Big Apple Circus Ltd.’s Chapter 11 plan was approved Tuesday by a New York bankruptcy judge, moving forward a mostly-volunteer effort to wind down the defunct nonprofit. read more

A California man asked a federal judge on Monday to certify a group of taxpayers in a suit against the IRS, alleging the agency lacks the authority to assess taxes on some late-filed tax returns. read more