Lillian Rizzo

The deal covers 75% of Swift’s working assets, and the company said it would concentrate on its core operations in the Eagle Ford Shale formation in South Texas, according to prior court papers.

A bankruptcy-court judge on Monday approved the chapter 11 exit plan for American Apparel Inc., handing the retailer over to its bondholders and ending former Chief Executive Dov Charney’s hope of regaining control of the company he founded.

Former American Apparel Inc. Chief Executive Dov Charney has found an investor to back a rival bid for the bankrupt retailer valued at more than $200 million, according to people familiar with the situation.

China’s economic slowdown led the U.S. markets to drop already in the new year, but it could mean a boon to the number of restructurings and corporate bankruptcies.

It looks like Tim Blixseth will be spending this Christmas in jail. The former billionaire real-estate developer, who has been languishing in jail in Great Falls., Mont., for the last eight months, asked Monday be released to spend the holidays with his family. But an appellate court on Tuesday gave a bankruptcy trustee another week to respond to the developer’s bid for a holiday release, meaning he won’t be able to make it back to his Washington state home in time for Christmas.

Frederick’s of Hollywood is preparing to file for bankruptcy as soon as Sunday, according to people familiar with the matter, after shutting down all of its stores and signaling plans to become an online-only retailer.

The holiday shopping season is traditionally a do-or-die time of year for mall retailers, but two favorites of teen girls in the 1990s— Delia’s Inc. and Deb Shops—are already throwing in the towel. And as younger gift givers increasingly move to shopping online, retail experts say others may soon follow.

When Frank Harrison decided in 2009 to go to the Federal Bureau of Investigation with allegations of fraud at hedge fund New Stream Capital LLC, he wasn’t prepared for one of the most nerve-wrecking aspects of being an informant—a long wait with little inkling of action being taken.

Whistleblowers have become an increasingly important part of the U.S. government’s white-collar crime enforcement efforts and the 2010 Dodd-Frank law introduced new incentives to come forward with… Show more

When Frank Harrison decided in 2009 to go to the Federal Bureau of Investigation with allegations of fraud at hedge fund New Stream Capital LLC, he wasn’t prepared for one of the most nerve-wrecking aspects of being an informant—a long wait with little inkling of action being taken.

Whistleblowers have become an increasingly important part of the U.S. government’s white-collar crime enforcement efforts and the 2010 Dodd-Frank law introduced new incentives to come forward with information. At the same time, whistleblowers often say that when they report alleged wrongdoing they’re faced with prolonged silence by regulators. Show less

The private-equity firm Berkshire Partners has put Vi-Jon Inc., a maker of private label personal-care products, up for sale, hiring William Blair & Co. and Piper Jaffray & Co. to run the process, said two people close to the situation.

Home goods retailer Anna’s Linens Inc. has hired restructuring advisers and is planning to file for bankruptcy in the coming weeks, said people familiar with the matter.

Mobile advertising concern Velti plc mandated Jefferies earlier this year to raise capital by selling the company’s Mobclix unit. But after potential new money investors balked, Jefferies is now looking at other strategic alternatives such as attracting a loan-to-own vulture fund to buyout the existing USD 50m revolver position of Velti relationship bank HSBC, four sources familiar with the matter tell Debtwire.
This strategy -- where an advisor outwardly shops a distressed company through… Show more

Mobile advertising concern Velti plc mandated Jefferies earlier this year to raise capital by selling the company’s Mobclix unit. But after potential new money investors balked, Jefferies is now looking at other strategic alternatives such as attracting a loan-to-own vulture fund to buyout the existing USD 50m revolver position of Velti relationship bank HSBC, four sources familiar with the matter tell Debtwire.
This strategy -- where an advisor outwardly shops a distressed company through its debt -- has been on the rise in the middle market as banks have been unwilling to wait around for a restructuring event. Instead, traditional lenders have become anxious to trade out in discounted, block trades, handing over the burden of having to run companies post-emergence to more activist firms, the sources continued.
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For Veterans Day, a look back from a half-dozen New Yorkers who have served their country

The city's bootblacks say they're feeling the pinch from the stock market plunge like - well, a tight pair of shoes. As the market drops, the smiles have been disappearing from the people walking into the Minas Shoe Repair shop for a shine a few blocks from the New York Stock Exchange.

eiby Kletzky's gruesome death sent shock rippling through Brooklyn's Orthodox Jewish, and one detail has compounded the pain: The accused is one of them. "Everybody is confused here because this never happens between Jewish people," said Barukh Badalov, who owns a barbershop on 48th St.

It is John Dewey High School’s most desperate moment, and the faculty and teachers are looking to the Department of Education for help. The only problem is, the DOE is their number one obstacle.