Greenhill Capital Partners' FCC Holdings, Inc., a secondary education provider that owes secured lenders almost $50 million, sought bankruptcy protection to complete its sale for only $1 million in cash so that at least 28 of 40 campuses would not shut down.
In the Chapter 11 cases of Revel AC and their affiliates, the Bankruptcy Court entered these orders:
The Board of Directors of First National Community Bancorp, Inc., was notified on Aug. 22, 2014, that one of its directors, Joseph J. Gentile, had passed away, according to a regulatory filing with the U.S. Securities and Exchange Commission. Mr. Gentile served as a director of the Company since 1998 and as director of First National Community Bank, the Company's wholly-owned subsidiary, since 1989.
A three-judge panel of the United States Court of Appeals, Ninth Circuit tossed an appeal by Timothy L. Blixseth from the district court's order dismissing his appeal of the bankruptcy court's order confirming the Modified Third Amended Plan of Liquidation for the BLX Group, Inc. Bankruptcy Estate.
Sound Shore Medical Center of Westchester, et al., ask the U.S. Bankruptcy Court for the Southern District of New York to find that the disclosure statement explaining their Chapter 11 plan of liquidation contains "adequate information" as defined in Section 1125(b) of the Bankruptcy Code.
Falcon Steel Company and New Falcon Steel, LLC ask for permission from the Hon. D. Michael Lynn of the U.S. Bankruptcy Court for the Northern District of Texas to employ Decker, Jones, McMackin, McClane, Hall & Bates, P.C. as special corporate counsel, effective June 29, 2014 petition date.
Aramid Entertainment Fund Limited and its debtor-affiliates seek permission from the Hon. Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York to employ Maples and Calder as special counsel for the Debtors with respect to matters arising in, or under the laws of, the Cayman Islands, nunc pro tunc to the June 13, 2014 petition date.