July 28, 2022
Cosmetics giant Revlon Inc. on Thursday defended its proposed $1.4 billion Chapter 11 financing package from arguments that it was a bad deal for unsecured creditors forced on a company desperate for the cash it needed to stay in operations.
July 22, 2022
A $15.4 million key employee bonus plan proposed by bankrupt cosmetics giant Revlon Inc. received approval on Friday in New York after a judge there said he was satisfied the payments served a retentive purpose and were only payable to non-insiders of the debtor.
July 21, 2022
Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.
July 18, 2022
The U.S. Trustee's Office has asked a New York bankruptcy judge to reject cosmetics giant Revlon Inc.'s request to pay $16.4 million in retention bonuses to its employees, saying it has no way of telling if some beneficiaries would be corporate insiders.
June 21, 2022
Cosmetics behemoth Revlon Inc. filed for bankruptcy in the midst of a liquidity crisis, a South American airline brings its Chapter 11 plan in for a landing, and the next phase in Puerto Rico's restructuring nears a creditor vote. This is the week in bankruptcy.
June 17, 2022
Cosmetics giant Revlon Inc. received interim approval on Friday to tap into a $575 million debtor-in-possession loan in its Chapter 11 case, with a New York judge allowing a roll-up of certain prepetition loans.
June 17, 2022
Cosmetics maker Revlon Inc. hit Chapter 11 along with 50 affiliates, saying supply chain issues have left it unable to meet customer demand and critically constrained its liquidity.
June 16, 2022
Bankrupt cosmetics giant Revlon Inc. previewed some intercreditor disputes that need to be addressed in the early stages of its Chapter 11 case, saying at an initial court appearance in New York on Thursday these issues could impact its efforts to reorganize its nearly $3.7 billion of debt.