April 14, 2023
Cosmetics giant Revlon Inc. resolved an appeal to its confirmed Chapter 11 plan Friday, telling a New York judge that minor modifications to the plan addressed concerns of the Office of the United States Trustee about the payment of professional fees for nondebtor parties.
April 13, 2023
Creditors and claimants of cosmetics giant Revlon Inc. asked a New York bankruptcy judge to approve the fees and expenses they incurred in the company's Chapter 11 case, saying late Wednesday that an appeal of the reorganization plan necessitated the motion.
April 03, 2023
Cosmetics giant Revlon Inc. received court approval Monday for its Chapter 11 plan to swap $2.7 billion in debt for equity for its secured lenders, after a New York bankruptcy judge overruled objections from the Office of the United States Trustee concerning third-party releases included in the plan.
March 24, 2023
The U.S. Trustee's Office on Thursday asked a New York bankruptcy judge to reject Revlon's Chapter 11 plan, saying it contains "unusually broad" third-party claims releases, as well as impermissible creditor committee expense reimbursements and executive bonuses.
March 07, 2023
A New York bankruptcy judge agreed to extend the claims bar date in the Chapter 11 case of cosmetics giant Revlon Inc. Tuesday, allowing people with injury claims arising from the company's hair relaxer products to file documents until April 11.
February 21, 2023
A New York bankruptcy judge Tuesday gave Revlon Inc. the go-ahead to send its Chapter 11 plan out for a creditor vote after hearing the company had reached a deal with a holdout lender group that the company says will put it on course to exit bankruptcy by April.
January 25, 2023
The U.S. Trustee's Office is asking a New York bankruptcy judge to reject Revlon Inc.'s Chapter 11 plan disclosures, saying the proposed plan would fail to give creditors an informed choice about releasing potential claims against non-debtor third parties.
December 22, 2022
Insurers who didn't sign on to the Chapter 11 plan of the Boy Scouts of America slammed the $2.5 billion settlement trust in an appellate briefing, cryptocurrency exchange FTX said it will begin seeking clawback of prepetition distributions, and cosmetics giant Revlon Inc. reached a deal with creditors for a Chapter 11 plan. This is the week in bankruptcy.
December 19, 2022
Revlon Inc. told a New York bankruptcy judge on Monday that it has reached an agreement with its secured lenders and unsecured creditors to file a Chapter 11 plan that would swap more than $2.7 billion in secured debt for equity.
November 01, 2022
Prepetition lenders of makeup giant Revlon Inc. accused the company and other secured lenders of stripping away valuable intellectual property assets to move them out of reach of the suing lenders before commencing a Chapter 11 case.