Bearcat Energy, LLC, asks the U.S. Bankruptcy Court for the District of Colorado to authorize its Purchase and Sale Agreement with 1st NRG Wyoming, Inc. in connection with the sale of substantially all assets to 1st NRG for $3,900,000.
Oil-services company CGG Group filed for bankruptcy protection in the U.S. and France after reaching a restructuring deal with lenders and bondholders that will swap nearly $2 billion in debt for most of the equity in reorganized CGC.
CGG announced that following execution of legally binding agreements in support of the terms of the agreement-in-principle with key financial creditors announced on June 2, 2017, it has begun legal processes to implement a comprehensive pre-arranged restructuring, with the opening of a Sauvegarde proceeding in France and Chapter 11 and Chapter 15 filings in the U.S.
Halo Home Health, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire legal counsel in connection with its Chapter 11 case.
Transgenomic, Inc.'s stockholders have approved the merger with Precipio Diagnostics, LLC. Upon completion of the merger, the Company expects to meet the requirements for its stock to be relisted on NASDAQ under the new symbol "PRPO."
NovaBay Pharmaceuticals, Inc., and Chief Executive Officer Mark Sieczkarek executed a new employment agreement on June 2, 2017.
Unsecured creditors will recover 100% of their claims under a Chapter 11 plan of reorganization jointly filed by Halker Consulting LLC and Matthew Halker, the company's president and sole member.