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Ford announces debt restructuring initiatives
- Alston & Bird LLP
- -
- USA
- -
- March 6 2009
On Wednesday, Ford Motor Co. (Ford) and its financing arm, Ford Motor Credit Company (Ford Credit), jointly announced a debt restructuring plan intended to significantly reduce Ford’s debt obligations and related annual interest expenses “through a combination of a conversion offer by Ford and tender offers by Ford Credit.”
GM auditor opinion expresses doubts about "going concern"
- Alston & Bird LLP
- -
- USA
- -
- March 7 2009
On Thursday, General Motors Corporation (GM) filed its Annual Report on Form 10-K with the Securities and Exchange Commission which notably included an opinion of its auditors on its financial statements in which the auditors stated that GM’s "recurring losses from operations, stockholders’ deficit, and inability to generate sufficient cash flow to meet its obligations and sustain its operations raise substantial doubt about its ability to continue as a going concern."
FDIC closes $1.8 billion private securitization of senior notes backed by RMBS
- Alston & Bird LLP
- -
- USA
- -
- March 12 2010
Today, the Federal Deposit Insurance Corporation (FDIC) announced the close of a Rule 144A sale of $1.8 billion principal amount of notes backed by 103 non-agency residential mortgage-backed securities (RMBS) from seven failed bank receiverships
House Committee on the Judiciary holds second hearing on the role for bankruptcy and antitrust law in financial regulatory reform
- Alston & Bird LLP
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- USA
- -
- November 18 2009
Yesterday afternoon, the House Judiciary Committee held Part II of its series of hearings entitled "Too Big to Fail the Role for Bankruptcy and Antitrust Law in Financial Regulation Reform."
Court approves $125 million New Century settlement
- Alston & Bird LLP
- -
- USA
- -
- August 10 2010
Yesterday, a federal judge preliminary approved a $125 million cash settlement for former shareholders of New Century Financial Corp
East West Bank, Pasadena, California, assumes all of the deposits of Washington First International Bank
- Alston & Bird LLP
- -
- USA
- -
- June 12 2010
On Friday, the Washington Department of Financial Institutions closed Washington First International Bank, headquartered in Seattle, Washington, and appointed the FDIC as receiver
Current Search
- Jurisdiction - USA
- Workarea - Insolvency & Restructuring
- Firm Name - Alston & Bird LLP
- Author - Tara Castillo