San Antonio Attorney Blog

An $18 billion reorganization proposal was submitted by the financially-troubled Caesar’s Entertainment to a bankruptcy court.  The fate of the bankrupt company will depend on the final judgment of the court, as this will adversely affect the buyout among firms and creditors rendering financial support of acquisitions. The dispute, which took almost a year, has [...]

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Southern Season, a gourmet food store in Chapel Hill, was scheduled for an auction on Aug.  20 in a bankruptcy court in Greesboro. Delaware-based Calvert Retail bought some of the store’s assets for $3.5 million.  The purchase comprises all of the store’s intellectual property, the Chapel Hill store and its website. Currently, Calvert Retail owns [...]

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After 14 years of presence online, Gawker.com is going to shut down before August 2016 ends, the company said on its website. The New York City-based gossip and news website widely recognized for its usually mocking tone sometimes found itself faltering into altercation involving editorial choices, but the last gust happened when it had to [...]

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Maxus Energy filed for bankruptcy due to the increasing cost of cleaning Passaic River, a contaminated waterway in New Jersey.  However, the company’s fate may be alleviated as a new financial agreement comes into view. Christopher Sontchi, Bankruptcy judge of the United States Bankruptcy Court in Delaware, indicted a financing package for the company, which [...]

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Univision, an American Spanish television network, reportedly offered $135 million to buy Gawker, which lost in a privacy invasion case filed by Hulk Hogan and then filed for bankruptcy.  The winning bid against Ziff Davis, which offered $90 million, is subject for a federal bankruptcy court’s approval on Aug.  19. Univision will be the new [...]

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Two Texan restaurants located in Wichita Falls have escaped the ‘wielded axe’ after both parent companies filed for bankruptcy. The Nashville branch of Logan’s Roadhouse, recently for Chapter 11 bankruptcy last August 8 and has plans to close down 18 of its poor income generating locations. CoStar Group, recently reported that Logan’s restaurant requested permission [...]

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Ziff Davis, a well known multimedia company, submitted a ‘stalking horse’ bid of approximately $100 million last June. This occurred after Gawker filed for bankruptcy, but Ziff Davis is not the only one to express interest in the purchase of Gawker. Almost 12 to 24 companies have placed their cards in investing in the recently [...]

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Gawker Media, often called a ‘snarky’ gossip site that became a reputable media empire, is set to have a bankruptcy auction this coming Tuesday.  The website will be sold to the highest bidder along with other assets. The fate of Gawker will highly depend on the buyer.  This goes the same for its sister sites [...]

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Before the bankruptcy auction of Gawker Media, billionaire Peter Thiel provides explanation on why he is supporting Hulk Hogan’s lawsuit against the online media company for invasion of privacy. In a New York Times op-ed, Thiel proudly declared his financial support for Hulk Hogan’s case and even said that he would be willing to support [...]

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Shareholders are not going to have an official say in the SunEdison Inc.’s bankruptcy case for the reason that the energy company is completely insolvent, with liabilities prevailing over assets by no less than $1 billion, according to a bankruptcy judge ruling. Judge Stuart Bernstein made a ruling after court battle intended to verify if [...]

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