WSJ-PRO-DEBT – Page 4 – The News Desk

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...

David’s Bridal Sale Approved, Keeping Roughly 200 Stores Open

A bankruptcy judge on Friday approved the sale of nearly 200 David’s Bridal stores out of bankruptcy to Cion Investment Corp. In her bench ruling approving the sale Friday, Judge Christine Gravelle with the U.S. Bankruptcy Court in Trenton, N.J., said the transaction, which is set to close next week, would maximize the value for the creditors, while saving thousands of jobs and keeping up to 195 stores open. “Without...

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...