News

Another chapter was added Thursday to a dizzying legal saga over the control of luxury hotel group Aman Resorts, as a New York bankruptcy judge for the second time dismissed an involuntary Chapter 11 case purportedly orchestrated by indicted entrepre read more

A Delaware Chancery judge late Thursday sided with a group of collateralized loan obligation businesses, known as the Zohar funds and once managed by Patriarch Partners CEO Lynn Tilton, in a fight over who controls the equity vote in several portfoli read more

Deutsche Lufthansa AG offered Europe’s antitrust enforcer concessions Thursday for its plan to purchase €210 million ($238.1 million) in assets from the beleaguered Air Berlin PLC after the commission found that the deal could hurt competi read more

Two affiliates of troubled for-profit college firm Education Management Corp. being pursued by Marblegate Asset Management over $15 million in debt have asked a Manhattan federal judge to dismiss the lender’s latest suit, saying they haven&rsqu read more

To a secured creditor, a borrower filing for Chapter 11 protection can present a daunting proposition — from digesting the schedules and first-day motions and tracking the many deadlines to developing and implementing a strategy to maximize potenti read more