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Tag Archives: chapter 11

Bay foundation sues over Sparrows Point steel mill sale

The Chesapeake Bay Foundation and the Maryland Department of the Environment are calling for the potential sale of the Sparrows Point steel mill to be rejected if the deal does not contain clear language about what the new owner needs to do to clean up the site.

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Judge to hold hearing in August on Tribune challenge

A federal bankruptcy judge in Delaware will hold a hearing next month to address appeals challenging his approval of the Tribune Co.’s reorganization plan. Judge Kevin Carey told attorneys on Wednesday that he will hold the hearing on Aug. 17. ...

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Steelmaking at The Point: What went wrong

Barring a last-minute infusion of cash by bankers or owner Ira Rennert – or an improbable sale to a new company – RG Steel LLC and its flagship plant, Sparrows Point, seem fated for a sad ending. I make this ...

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4th Circuit: ‘Absolute priority’ survived bankruptcy reform

The latest reform of the Bankruptcy Code did not eliminate a longstanding protection for dissenting creditors when there’s a “cram down” under the Chapter 11 plan of an individual debtor in possession, the 4th U.S. Circuit Court of Appeals has ...

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