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BUSINESS
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.
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BUSINESS
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.
BUSINESS
February 6, 1986 | DONNA K. H. WALTERS, Times Staff Writer
Osborne Computer, whose quicksilver success was more than matched by its breathtaking descent, has ceased operations and will be liquidated, its creditors said Wednesday. Osborne's official creditors' committee said it had asked the bankruptcy court to declare the Fremont, Calif., company in default of the terms of its Chapter 11 reorganization. A liquidation trustee, Jerome E. Robertson, was appointed Jan. 31 to oversee the sale of the company's inventory and assets.
BUSINESS
October 21, 2000
Troubled Premier Laser Systems Inc. said Friday that it has tentatively agreed to sell assets of its EyeSys Corneal Topography division to ProLaser Ltd. in Duesseldorf, Germany. ProLaser will acquire the intellectual property, customer base and inventory of the EyeSys division. ProLaser expects to close the deal Dec. 8.
BUSINESS
June 1, 2006 | From the Associated Press
A $280-million-a-year concession agreement between Delta Air Lines Inc. and its pilots was approved Wednesday by a U.S. Bankruptcy Court judge. The decision rejected claims by the government's pension insurer that it should receive the compensation the pilots were promised if their pension is terminated. The decision came hours after pilots approved the deal. The agreement, which runs through 2009, will take effect today.
BUSINESS
January 9, 1987 | JONATHAN PETERSON, Times Staff Writer
The controversial saga of Financial Dynamics founder Richard E. Donovan continued Thursday, as a bankruptcy trustee prepared to take control of millions of dollars in assets once held by the investment entrepreneur who ran afoul of state officials. The move follows a decision by U.S. Bankruptcy Court Judge Barry Russell to turn down the request of Nancy R. Schauer, an attorney who previously had been sorting out Donovan's dealings, to terminate the bankruptcy proceeding.
SPORTS
July 12, 2011 | By Bill Shaikin
Reporting from Phoenix — The Dodgers might not emerge from Bankruptcy Court for months, but Commissioner Bud Selig alluded Tuesday to the future of the team without Frank McCourt as its owner. Selig avoided speaking directly about McCourt, but the commissioner recalled hearing last year how bad the Texas Rangers' bankruptcy would be for baseball. The Rangers were sold in a Bankruptcy Court auction. "It didn't turn out terrible," Selig said. "They wound up getting a great price and a wonderful ownership group.
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