Case Overview Formerly known as Clear Channel Media, iHeartMedia (iHeart), is one of the nation’s largest diversified media, entertainment and data companies, owning more than 850 radio stations, a music-streaming service with over 100 million users as well as a live-concert division. Acquired in a leveraged-buyout transaction during the financial crisis of 2008, iHeart encountered […]
Case Overview The Budd Company (Budd) was recognized as a leading manufacturer of stainless-steel rail cars, space vehicles, and defense products. Founded in Philadelphia in 1912, Budd was also a major supplier of part components to subsidiaries of General Motors, Ford, Buick, and other car makers in the automobile industry. At its peak, the company […]
Complex Wage Claims Pose Unique Challenge Primary Health Systems Inc. (PHS) was an integrated health-care services company that owned and operated hospitals and related health-care businesses in and around Cleveland, Ohio. PHS and related entities filed Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware. Following company layoffs, the Court […]
Effective Multi-Faceted Case Administration: Far Rockaway Nursing Home (Far Rockaway) filed for Chapter 7 protection in the Eastern District of New York. The Court allowed the Chapter 7 Trustee to operate this skilled nursing facility located in Queens, New York. In addition to generating revenue from the operation of the business, the Trustee obtained Court […]