Livent creditors move to scrap financing plan

Article Abstract:

A committee of Livent Inc creditors has motioned to nullify a financing deal between the theater company and Angelo Gordon and Company LP, an investment firm based in New York. The committee found the $25-million arrangement to be too onerous and not serving the best interest of Livent. Although the deal is sustaining Livent's survival, the committee believed that the final loan documents are unfair and will submit Livent to the control of Angelo Gordon.

Movie Theaters ex Drive-In, Motion Picture Theaters (except Drive-Ins), Livent Inc.

---

Judge nudges Portus closer to bankruptcy

Article Abstract:

The positive opinion of Justice Colin Campbell of Ontario Superior Court on advantages of bankruptcy for Portus Alternative Asset Management Inc., from investors' perspective, is presented.

Organizational history, Management investment, open-end, Beliefs, opinions and attitudes, Company restructuring/company reorganization, Reorganization and restructuring, Investor relations, Mutual fund industry, Company organization, Superior court judges, Campbell, Colin (Justice)

---

Similar abstracts:

• Abstracts: Bombardiers to keep control. Bombardier shares hurt by confusion over order
• Abstracts: Ontario to lure leading-edge auto plants. CRTC reins in major carriers on VoIP to create competition. Key talks on beef planned
• Abstracts: Bankers raise red flag over hedge funds. RBC strikes Enron settlement
• Abstracts: New exhibits fuel airline espionage case. Warning lights flashing for Air Canada: Carty's back

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.