|
Restaurant Chains Bar Louie, Village Inn File for Bankruptcy | Lucky's Market Enters Bankruptcy With Plan to Sell Some Stores | Shale Driller Southland Files for Chapter 11
|
|
|
|
|
|
Good day. Monday was a big day for bankruptcy in Wilmington. The owners of several restaurant chains—Bar Louie, Village Inn and Bakers Square—filed for chapter 11. Lucky’s Market filed for bankruptcy after owner Kroger Co. said last month it would write down by $238 million the value of its equity stake in the specialty grocer. And Southland Royalty Co., an oil-and-gas company backed by EnCap Investments, has filed for bankruptcy.
Now for today's news...
|
|
|
Kroger-Backed Lucky’s Market Files for Bankruptcy
|
|
Lucky’s Market, a specialty grocery chain focused on organic food that is majority-owned by Kroger, filed for chapter 11 bankruptcy with plans to sell at least some of its stores to Aldi and Publix Super Markets. Read More.
|
|
|
Lenders Credit Bid for Sun Capital's Bar Louie
|
|
Private-equity owned gastrobar Bar Louie has filed for chapter 11 bankruptcy protection after closing 38 restaurants and arranging to sell its remaining locations to the chain’s lenders. Read More.
|
|
|
Village Inn, Bakers Square Restaurant Chains File for Bankruptcy
|
|
Restaurant owner American Blue Ribbon Holdings LLC, the operator of the Village Inn and Bakers Square restaurant chains, has filed for chapter 11 bankruptcy protection after years of losses. Read More.
|
|
|
Energy Company Southland Royalty Files for Bankruptcy
|
|
Southland Royalty Co., an oil-and-gas company that has received more than $1 billion in capital commitments from private-equity firm EnCap Investments, filed for bankruptcy protection Monday. Read More.
|
|
|
Regulators Probe Potential Dean Foods Merger
|
|
Federal antitrust regulators are probing a potential deal between a major U.S. dairy cooperative and Dean Foods Co., the bankrupt milk-processing giant, according to officials and people in the industry. Read More.
|
|
|
Sanchez Energy Creditors Seek to Sue for Hundreds of Millions
|
|
A group of Sanchez Energy Corp. creditors wants the right to attack the collateral claims of higher-ranking creditors that could yield “hundreds of millions of dollars,” saying the oil company has failed to do so. Read More.
|
|
|
Fairway, Hoping to Close Sale, Can Draw on Bankruptcy Loan
|
|
A bankruptcy judge gave Fairway Market permission to draw on part of a bankruptcy loan the New York City grocer needs to keep its stores running while it tries to clinch a deal to sell them. Read More.
|
|
|
|
|
Harvey Weinstein’s Prosecutors Prime Jury to Believe His Accusers
|
|
As Manhattan prosecutors began calling to the stand five women who have alleged sexual misconduct by Harvey Weinstein, they have primed jurors to set aside preconceived notions about sexual-assault victims. Read More.
|
|
|
|
$1.1 Billion
|
Amount EnCap Investments pumped into Southland Royalty Co. to fund the company in 2015.
|
|
|
|
Haynes and Boone’s Bernard F. Clark Jr. and Charles A. Beckham Jr. talked to WSJ’s energy reporter Rebecca Elliott about why more shale companies are going through bankruptcy and what they expect to happen this year. (WSJ)
Turkish conglomerate Cengiz Holding is prepared to bid for British Steel if the planned sale of the U.K. company to Jingye collapses, adding to pressure on the Chinese group to finalize the deal in coming weeks. (FT)
Multiple suppliers to the Canadian lingerie retailer La Senza are seeking to push the company into chapter 7 bankruptcy. (Retail Dive)
The scale of the upheaval across much of the U.S. retail sector has been laid bare by figures showing that about one in 10 listed companies has gone bankrupt since 2008 and the value of shopping malls has tumbled 30% in the past three years. (FT)
Key Energy Services Inc. has garnered enough support from its lenders to restructure its debt outside of bankruptcy court. (Key Energy)
The judge overseeing Michael Avenatti's extortion trial said the case shouldn't focus on Nike Inc.'s alleged corruption or devolve into celebrity name-dropping, as jury selection began for the case against the lawyer and critic of U.S. President Donald Trump. (Reuters)
|
|
|
|