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 […]
Case Overview: Bolstered by their laboratory research on cell therapy remedies performed at Stanford University School of Medicine, Edgar Engleman and Samuel Strober started Dendreon Corporation (Dendreon). The biopharmaceutical company based in Seattle, Washington received initial funding from Health Care Ventures and entered the market in 1992. Early clinical results for Provenge, a cell-based cancer […]