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    Apr 17, 2013 |Story| Los Angeles Times
  1. American Airlines computer outage grounds hundreds of flights

    American Airlines, hoping to reinvent itself by coming out of bankruptcy with a new logo, freshly painted planes and a merger plan that will make it the nation's largest carrier, suffered a setback Tuesday when a computer outage grounded hundreds of planes across the country.
    American Airlines, hoping to reinvent itself by coming out of bankruptcy with a new logo, freshly painted planes and a merger plan that will make it the nation's largest carrier, suffered a setback Tuesday when a computer outage grounded hundreds of...

    Tags: Air Transportation, Transportation, Travel, American Airlines, Inc., AMR Corp.

  2. Apr 16, 2013 |Story| Los Angeles Times
  3. American Airlines' flights grounded by computer problems

    Computer problems have forced American Airlines, one of the nation's largest air carriers, to keep hundreds of its flights from departing across the country.
    This post has been updated. See the note below for details.
    Computer problems have forced American Airlines, one of the nation's largest air carriers, to keep hundreds of its flights from departing across the country. The Fort Worth-based airline said it has been struggling with intermittent computer problems...

    Tags: Air Transportation Industry, American Airlines, Inc., Bankruptcy, U.S. Airways, AMR Corp.

  4. Apr 16, 2013 |Story| Coastline Pilot
  5. Asada files for bankruptcy

    A judge earlier this week granted two motions on behalf of a Laguna Beach restaurant seeking bankruptcy protection.
    A judge earlier this week granted two motions on behalf of a Laguna Beach restaurant seeking bankruptcy protection. Attorneys for Asada Laguna Beach filed for bankruptcy protection April 8 and then filed two motions — one that allows the company...

    Tags: Restaurant and Catering Industry, Economy, Business and Finance, Labor Legislation, Bankruptcy, Companies and Corporations

  6. Mar 2, 2013 |Story| Baltimore Sun
  7. Bankruptcy suit reveals details about Turner's tries to develop Westport waterfront

    The only residents of the Westport waterfront last week were a gaggle of geese that commandeered a large puddle amid the brush and broken asphalt. The only structure was a battered chain-link fence, capturing wind-blown litter along the perimeter.
    The only residents of the Westport waterfront last week were a gaggle of geese that commandeered a large puddle amid the brush and broken asphalt. The only structure was a battered chain-link fence, capturing wind-blown litter along the perimeter. By now...

    Tags: M.J. Brodie, Patrick Turner, Light Rail (Baltimore), Real Estate Buyers, Annapolis

  8. Feb 25, 2013 |Story| Hartford Courant
  9. HealthBridge Files For Bankruptcy Protection

    The Hartford Courant
    Five Connecticut nursing homes which are run by HealthBridge Management have filed for bankruptcy protection. Those five homes employ workers represented by the Service Employees International Union, and the company's goal in filing for bankruptcy is to...

    Tags: Westport, Unions, Cheshire, Union (Tolland, Connecticut), Strikes

  10. Mar 1, 2013 |Story| Hartford Courant
  11. HealthBridge, Federal Government, Union Argue in Bankruptcy Court

    The Hartford Courant
    HealthBridge Management has asked a bankruptcy judge to approve what a federal judge barred — terminating the pension and increasing health premium costs for unionized workers at its five Connecticut nursing homes. Those homes entered bankruptcy...

    Tags: Unions, Rentals, Interior Policy, Nursing Homes, Wage Contract Issues

  12. Mar 1, 2013 |Story| Aberdeen News
  13. Anderson Seed insolvency case hits one-year mark

    BISMARCK, N.D. -- The Anderson Seed Co. insolvency this week hit its one-year mark, with a total of more than $5 million still owed to farmers in the Dakotas, and perhaps more in Minnesota. Regulators continue to study the case and legislatures are...

    Tags: Economy, Business and Finance, Bankruptcy, Companies and Corporations

  14. Feb 28, 2013 | Los Angeles Times
  15. Greuel backers launch anti-Perry radio ad in L.A. mayoral race

    L.A. NOW
    An independent committee backing Wendy Greuel’s mayoral bid unveiled a radio ad attacking Jan Perry over her past financial problems, a possible signal that the controller's supporters feel they need to shore up her standing as Tuesday’s...
  16. Apr 8, 2013 |Blog| Cars.com
  17. Fisker Lays Off 75% of Workforce as Bankruptcy Looms

    KickingTires
    Leonardo DiCaprio may love his Fisker Karma, but the California automaker is listing like the Titanic. Less than a month after founder Henrik Fisker quit, the boutique car company laid off some 160 employees, the Detroit News reports, as it......

    Tags: Tesla, Automotive Equipment, Bloomberg L.P., Ford, Hurricane Sandy (2012)

  18. Apr 8, 2013 |Story| WSBT-TV
  19. City: New ethanol plant owners actively marketing plant in three countries

    <span style="font-size: small;">SOUTH BEND &ndash; The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn&rsquo;t even own it. And some city council members have big questions about the plant&rsquo;s future.</span>
    WSBT TV
    SOUTH BEND – The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn’t even own it. And some city council members have big questions about the plant’s future. Council Vice...

    Tags: Economy, Business and Finance, Renewable Energy, Environmental Issues, Bankruptcy, Companies and Corporations

  20. Apr 8, 2013 |Story| Baltimore Sun
  21. Baltimore Museum of Art lays off 14 employees

    More than five years after a financial crisis ravaged the U.S. economy, the <a href="http://findlocal.baltimoresun.com/baltimore-city/art/art/baltimore-museum-of-art-baltimore-museum">Baltimore Museum of Art</a> has finally run out of options.
    More than five years after a financial crisis ravaged the U.S. economy, the Baltimore Museum of Art has finally run out of options. Museum administrators announced Monday that after exhausting other cost-cutting measures, they have laid off 14 employees,...

    Tags: Arts, Washington, DC, Walters Art Museum, Unemployment, Lobbying

  22. Apr 8, 2013 |Story| Los Angeles Times
  23. U.S. taxpayers could wind up with Fisker assets

    Stymied by unsuccessful efforts to craft a deal with Chinese investors to save the company, struggling carmaker Fisker Automotive laid off most of its workers Friday. Analysts said the move, combined with retaining a bankruptcy law firm last month,...

    Tags: Economy, Business and Finance, Bankruptcy, Automotive Equipment, Companies and Corporations, Unemployment

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Financially Distressed Companies Photos
George R. Mesires has been named co-chair of the Financ...
(February 4, 2013)
George R. Mesires , Finance and Restructuring practice co-chair, Ungaretti & Harris
He also has experience representing debtors in Chapter...
(November 18, 2012)
Matthew V. Wargin, partner, Mayer Brown
Thomas M. Lynch of Faegre Baker Daniels LLP has been ap...
(October 31, 2012)
Thomas Lynch, U.S. Bankruptcy Judge, Northern District of Illinois