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GTT Communications emerges from Chapter 11
McLean company reduced debt by 80%
McLean-based GTT Communications Inc. has completed its financial restructuring process and emerged from Chapter 11 cases, the telecommunications company announced Jan. 3. “The transformed company is repositioned to focus on
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McLean satellite operator emerges from bankruptcy
Intelsat has new board, less debt
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McLean-based satellite operator Intelsat Corp. announced on Feb. 23 that it has emerged from its financial restructuring process nearly two years after filing for Chapter 11 bankruptcy. The company’s debt
Former LeClair Ryan execs reach $10M settlement
Firm founder, CEO, others reached agreement with bankruptcy trustee and insurer
Published
Former executives at Richmond-based LeClair Ryan PLLC have reached a settlement with the firm’s insurer and bankruptcy trustee over $10 million in pending claims, according to a report from The
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GTT Communications files for Chapter 11 bankruptcy
McLean company expects to operate without interruption
Published
McLean-based telecommunications company GTT Communications Inc. announced this week that the company and some subsidiaries had filed prepackaged Chapter 11 cases. The close of GTT’s estimated $2.15 billion sale of
GTT completes $2B infrastructure sale
McLean-based telecom business to file Chapter 11
Published
McLean-based telecommunications company GTT Communications Inc. finalized the sale of its infrastructure division to Miami-based I Squared Capital, the company announced Friday, allowing GTT to move forward on Chapter 11
GTT Communications to file for Chapter 11 bankruptcy
McLean company plans to file after closing sale of infrastructure division
Published
McLean-based telecommunications company GTT Communications Inc. is planning to file a prepackaged chapter 11 case after it closes the previously announced sale of its infrastructure division to Miami-based I Squared
UnitedLex still faces $128M lawsuit from LeClairRyan trustee
U.S. Bankruptcy Court judge rules lawsuit can move forward
Published
UnitedLex’s motion to dismiss a $128 million lawsuit filed by LeClair Ryan PLLC trustee Lynn Tavenner was denied by a U.S. bankruptcy judge on Tuesday, according to The American Lawyer.
McLean satellite operator eyes Chapter 11 emergence
Intelsat Corp. creditors approve restructuring
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McLean-based satellite operator Intelsat Corp. announced Friday it has the support of creditors to financially restructure under Chapter 11 bankruptcy, which would decrease the company’s debt from nearly $15 billion
OneWeb co-acquired by Maryland-based Hughes
London- and McLean-based satellite internet company filed for bankruptcy in March
Published
Germantown, Maryland-based Hughes Network Systems LLC has joined a coalition with the United Kingdom government and Bharti Enterprises Ltd. of India to acquire London-based OneWeb, which has its U.S. headquarters
Petersburg hotel operator files $28M claim in LeClairRyan bankruptcy case
Petersburg Regency LLC seeks relief in insurance dispute
Published
Virginia hotel operator Petersburg Regency LLC filed a $28 million claim in the LeClairRyan bankruptcy case Thursday in Richmond, according to the federal court filing. Petersburg Regency is seeking relief