If no suitable bids arrive by the stalking horse deadline, court documents indicate that an auction will take place April 7. The court said it would make public the results on April 10.
March 14, 2025Bankruptcy News Updates
Court Nixes Teamsters’ WARN Claims Against Yellow
Judge Craig Goldblatt on Feb. 26 found Yellow to be a “liquidating fiduciary,” rather than an employer, at the time it laid off unionized employees.
February 28, 2025Nikola’s Collapse Puts SEC’s $80 Million Claim at Risk
The SEC ranked No. 1 on the roster of largest unsecured creditors when Nikola, a failed maker of EV trucks, sought court protection on Feb. 19, with the regulator owed about $80 million.
February 20, 2025Proficient Q4 Revenue Slumps 15.9% on Weaker Margins
Proficient — the No. 4-ranked auto transporter — expects industry dynamics to improve in 2025, including through a reduction in carrier capacity due to the travails of Jack Cooper Holdings.
February 14, 2025Wheel OEM Accuride’s US Operations Emerging From Bankruptcy
Accuride’s U.S. and Canadian businesses filed for Chapter 11 bankruptcy protection in October with liabilities of between $500 million and $1 billion.
February 10, 2025Northvolt’s Bankruptcy Deals $531M Blow to Swedish Investors
Sweden’s state-owned pension investors, collectively known as the AP Funds, have fully written down their entire investment in bankrupt battery maker Northvolt AB.
February 10, 2025Nikola Considers Bankruptcy, Capping EV Maker’s Wild Ride
Nikola Corp. is working with a law firm and financial advisers to prepare a potential Chapter 11 filing, which would protect it from creditors amid a cash crunch.
February 7, 2025Northvolt Gets New Extension to Submit Documents to US Court
Swedish battery maker Northvolt AB has been granted a second deadline extension to file schedules and statements with a bankruptcy court in the U.S., according to a ruling on Jan. 15.
January 16, 2025Northvolt Sells Its Stake in Recycling JV to Norsk Hydro
Bankrupt battery maker Northvolt AB agreed to sell its remaining shares in a recycling venture to Norsk Hydro ASA as it continues to slim down operations amid a Chapter 11 process in the U.S.
January 13, 2025Trending
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