March 20, 2026
A Delaware bankruptcy judge will consider US Magnesium's bid for postpetition financing, Genesis Healthcare will go before a Texas judge seeking the all-clear to institute an executive bonus scheme, and another Texas judge will weigh a move to reopen satellite company Speedcast International Ltd.'s Chapter 11.
March 19, 2026
A Delaware bankruptcy judge quashed a request to make a consultant hired by Christmas Tree Shops LLC pay liabilities for short-notice layoffs, eye treatment developer Clearside Biomedical asked the same judge to approve a claim settlement and the U.S. Trustee balked at Genesis Healthcare's proposed executive bonuses.
January 21, 2021
A Texas bankruptcy judge approved communications satellite company Speedcast's much-delayed Chapter 11 plan Thursday after rejecting a request by an ex-CEO to pause the process to let him take a closer look at a creditor settlement that could see him facing legal action.
January 14, 2021
Bankrupt satellite communications firm Speedcast International Ltd. told a Texas bankruptcy judge late Thursday that it had reached a settlement with creditor Black Diamond Commercial Finance that will allow its Chapter 11 plan to move toward confirmation next week on an uncontested basis.
January 05, 2021
Speedcast International Ltd. creditor Black Diamond Commercial Finance asked a Texas bankruptcy judge Tuesday for more time to submit its bid for the Australian communications satellite company while the debtor and the stalking horse bidder pressed for a firm deadline.
December 02, 2020
A Texas judge gave Australian communications satellite company Speedcast International Ltd. permission Wednesday to pay its top executives up to $7.6 million in performance bonuses, but only after adjusting the goals they will have to meet to qualify.
October 19, 2020
Secured creditors of Australian communications satellite company Speedcast International Ltd. have asked a Texas bankruptcy judge to reject the company's Chapter 11 plan, saying Speedcast is attempting to sell off their collateral without compensation.
August 13, 2020
Australian communications satellite company Speedcast International Ltd. said Thursday it has agreed to sell itself to Centerbridge Partners and its affiliates for $395 million and has received a commitment from the private investment firm for up to $220 million in debtor-in-possession financing as part of its Chapter 11 proceedings in Texas.
April 23, 2020
Australian communications satellite company Speedcast International Ltd. filed for Chapter 11 protection in a Texas federal court on Thursday with about $689.1 million in debt, saying the oil price wars at the beginning of the year combined with the coronavirus pandemic created an "outsized impact" on the company.