Counsel to Debtors Midtown Scouts Square Property, LP, and Midtown Scouts Square, LLC, T. Josh Judd of Hoover Slovacek LLP submitted to the Bankruptcy Court a tabulation of balloting on the Debtors' Joint Chapter 11 Plan.
The U.S. Court of Appeals, Eleventh Circuit tossed Benjamin Atkinson's appeal from the district court's affirmance of the bankruptcy court's orders granting Ernie Haire Ford, Inc.'s motion to modify its Second Amended and Restated Chapter 11 Plan and confirming the Debtor's Third Amended Plan of Reorganization.
Navistar International Corporation filed with the U.S. Securities and Exchange Commission its quarterly report on Form 10-Q disclosing a net loss of $2 million on $2.84 billion of net sales and revenues for the three months ended July 31, 2014, compared to a net loss of $247 million on $2.86 billion of net sales and revenues for the same period in 2013.
Dialogic Inc., upon the recommendation of the Company's compensation committee and the approval of the Company's board of directors, entered into retention agreements with Mr. Kevin Cook, its president and chief executive officer; Mr. Robert Dennerlein, its executive vice president, chief financial officer; and Mr. Anthony Housefather, its executive vice president, corporate affairs and general counsel.
Debtor: Global Computer Enterprises, Inc.
10780 Parkridge Blvd., Suite 300
Reston, VA 20191
Case No.: 14-13290
Chapter 11 Petition Date: September 4, 2014
Mark G. DeGiacomo, as chapter 7 trustee in the bankruptcy case of Northwood Properties, LLC, seeks damages against Tashmoo Cove Realty, Inc. for breach of plan funding obligations to which, the Trustee contends, Tashmoo committed itself. The Trustee contends that, as owner of the Debtor and a proponent of the Debtor's confirmed-but-failed chapter 11 plan, and to obtain confirmation of that plan, Tashmoo promised to fund payment of administrative expense claims to the extent of $2 million if necessary, and that the court relied on that promise in confirming the plan. Tashmoo has consistently denied any obligation to advance funds for payment of administrative claims and, therefore, has declined to pay or advance any amounts for the unpaid administrative claims of the Estate, either before or after the case was converted from Chapter 11 to Chapter 7. After a trial, Bankruptcy Judge Frank J. Bailey finds that Tashmoo made no such promise. Accordingly, the Court dismissed the Trustee's lawsuit against Tashmoo.