Eletson Holdings Inc.

  1. February 20, 2025

    Ex-Eletson Owners Given Reprieve On Ch. 11 Sanction Bid

    The former owners and managers of Greek shipping group Eletson Holdings Inc. have until Monday to comply with the orders of a New York bankruptcy judge concerning the change in ownership of the business under a court-approved Chapter 11 plan, or they will face daily monetary sanctions.

  2. February 06, 2025

    Old Eletson Seeks Pause In Ch. 11 Plan Enforcement

    Former shareholders and executives of Greek shipping group Eletson Holdings Inc. asked a New York bankruptcy judge for more time to comply with last month's order directing them to assist in updating the reorganized company's address of record with the Liberian International Ship & Corporate Registry.

  3. January 29, 2025

    Reed Smith Fee App Held For Eletson Probe

    A New York bankruptcy judge Wednesday agreed to delay a hearing on Reed Smith's fees in the Eletson Holdings bankruptcy case while the reorganized debtor probes Reed Smith's alleged past ties with Eletson executives.

  4. January 27, 2025

    Purdue Nears Ch. 11 Deal, Yellow Corp. Fends Off WARN Suit

    From a looming settlement in the Purdue bankruptcy to a pair of retailers overcoming objections to their Chapter 11 plans, here are some of the biggest bankruptcy news from the past week.

  5. January 24, 2025

    Eletson Ex-Owners Must Comply With Ch. 11 Plan, Judge Says

    A New York bankruptcy judge on Friday ruled former shareholders and executives of Greek shipping group Eletson Holdings Inc. must comply with the court's confirmed Chapter 11 plan, directing them to assist in updating the reorganized company's address of record with the Liberian International Ship & Corporate Registry.

  6. January 13, 2025

    Giuliani Held In Contempt Again, EPA Slams $535M Talc Deal

    Former New York City Mayor Rudy Giuliani was held in contempt for a second time, Johnson & Johnson's bankrupt spinoff called Brown Rudnick's bid to represent an official committee of talc claimants "an ethical violation," and the federal government objected to a $535 million settlement that bankrupt talc supplier Whittaker Clark & Daniels reached regarding talc claims in its New Jersey Chapter 11 case.

  7. January 10, 2025

    New Eletson Owners Want Reed Smith Ch. 11 Fees Returned

    Reorganized international shipping group Eletson Holdings Inc. has urged a New York bankruptcy judge to order Reed Smith to return fees it was paid for representing the company in its Chapter 11, alleging the law firm "deliberately concealed" that it was simultaneously working for Eletson's former officers in a move that destroyed value for creditors during the case.

  8. January 06, 2025

    Eletson Alters Sanctions Threat For Old Owners, Reed Smith

    The new owners of reorganized Greek shipping group Eletson Holdings Monday brought a reworked request that a New York bankruptcy judge threaten its former owners and their counsel at Reed Smith with sanctions if they failed to update the company's ownership records.

  9. December 16, 2024

    Reed Smith, Eletson Battle Over Sanctions In Ch. 11

    The current and former owners of reorganized Greek shipping group Eletson Holdings clashed in New York bankruptcy court Monday over sanctions requested against Reed Smith LLP, the Chapter 11 counsel to the previous Eletson, and others in a dispute over implementing its confirmed bankruptcy plan that an attorney compared to the movie "Groundhog Day."

  10. November 15, 2024

    Eletson To Appeal Order Confirming Rival Ch. 11 Plan

    Gas tanker operator Eletson Holdings Inc. has opened an appeal of a New York bankruptcy judge's confirmation of a Chapter 11 plan proposed by petitioning creditors, according to a notice of the move.