Wednesday, March 12

Tag: corporate strategy

ViewRay Files for Bankruptcy, Plans to Pursue Sale
17Jul By adminNo Comments
World

ViewRay Files for Bankruptcy, Plans to Pursue Sale

ViewRay, which makes the MRIdian radiation-therapy system, said it has filed for bankruptcy and plans to sell some or all of its assets. The company said it has received a commitment of about $6 million in debtor-in-possession financing from MidCap Financial Services. That, along with existing liquidity, should be enough to support operations through the Chapter 11 process. The...
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Georgia-Pacific Ruling Reinvigorates Texas Two-Step
23Jun By adminNo Comments
World

Georgia-Pacific Ruling Reinvigorates Texas Two-Step

Just as the Texas Two-Step looked to be on the ropes, a federal appeals court showed the controversial tactic still has legs.  The Fourth Circuit Court of Appeals earlier this week signaled strong approval for Georgia-Pacific’s strategy of settling mass asbestos claims through the chapter 11 case of its affiliate Bestwall, the first of the current breed of Texas Two-Step bankruptcies. Bestwall filed for chapter 11 in 2017 in North Carolina and has since been locked in a standoff with asbestos-injury claimants who are determined...
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