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March 8, 2013 | By Richard Verrier
JS Communications Co., a South Korean entertainment and media company, has signed a letter of intent to acquire the assets of El Segundo-based Rhythm & Hues, the visual effects house that recently filed for bankruptcy protection from creditors. JS Communications, a diversified entertainment and media company, on Thursday agreed to enter into negotiations to buy Rhythm & Hues, according to a document filed in U.S. Bankruptcy Court in Los Angeles. Rhythm & Hues retained investment banking firm Houlihan Lokey Capital Inc. to solicit bids for Rhythm & Hues, which recently won an Oscar for its work on the Ang Lee movie "Life of Pi," and is one of Hollywood's premiere visual effects companies.
March 19, 2013 | By Richard Verrier
South Korean entertainment and media company JS Communications has withdrawn its bid to acquire Rhythm & Hues, the El Segundo visual effects company that recently filed for bankruptcy protection. Rhythm & Hues, which won an Academy Award for its work on the Ang Lee movie "Life of Pi," said in a statement that JS Communications, the previously designated stalking horse bidder, was unable to proceed with the proposed acquisition. The statement did not specify the reason for the decision, but a source close to the matter said JS cited a "lack of cooperation from the studios.
February 27, 1986 | BILL RITTER, San Diego County Business Editor
A San Diego man whose real estate investment and management company went bankrupt more than four years ago was indicted by a federal grand jury Tuesday on 18 counts of mail and bankruptcy fraud, as well as filing false declarations in bankruptcy court. Lewis W. Shurtleff, 65, was charged with transferring title to two apartment complexes from his company, Frontier Properties, to himself, his wife and his brother in July, 1981, one month before the company filed for bankruptcy.
September 15, 2004 | From Bloomberg News
US Airways Group Inc.'s unions, defying management's efforts to win labor concessions to keep the company afloat, are unlikely to give up pay and benefits despite a threat of court-imposed cuts, a labor leader and consultants said Tuesday. US Airways sought bankruptcy protection from creditors Sunday after failing to win agreements for $800 million in concessions from the unions, including pilots, who refused to vote on a proposal, and mechanics, who declined to discuss the request.
March 7, 2012 | By Bill Shaikin
U.S. Bankruptcy Judge Kevin Gross on Wednesday urged attorneys for Bryan Stow and the Dodgers to settle their dispute without his intervention. Stow is the San Francisco Giants fan who was beaten and critically injured in the Dodger Stadium parking lot on opening day last year. His attorneys filed a civil suit against the Dodgers in Los Angeles Superior Court and a subsequent claim against the team in Bankruptcy Court. They have said Stow will need lifelong medical care and cited $50 million as a "conservative total estimate" of his damages.
August 2, 1985
The Houston-based high-fashion speciality store--one of the last still owned by its founding family--reported that it will seek protection from its creditors under the U.S. Bankruptcy Code rather than sell to a competitor. The 83-year-old business filed a petition with the U.S. bankruptcy court seeking time to scale down its operations, reorganize and return to profitability.
May 19, 1999 | (Bloomberg News)
Imagyn Medical Technologies Inc. wants a judge to reject creditors' bids to liquidate the struggling medical-device maker, allowing the company instead to reorganize in bankruptcy court and pay off more than $160 million in bond debt. Imagyn executives filed papers Tuesday in U.S. Bankruptcy Court in Wilmington, Del., to convert its creditors' bankruptcy petition to a Chapter 11 bankruptcy reorganization that would allow the company to come up with a plan to regain profitability.
January 26, 1999 | From Staff and Wire Reports
Retailer J. Peterman is seeking Bankruptcy Court protection from its creditors. The catalog company, whose nostalgic, high-priced clothing and accessories have inspired imitation as well as satire on the sitcom "Seinfeld," said holiday sales were poor. The U.S. Bankruptcy Court in Lexington, Ky., where the retailer is based, is to consider motions in the filing today. The petition is under Chapter 11 of the U.S.
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