McAleese’s future closer to resolution after new restructuring pitch – The Australian Financial Review

Liquidation

McAleese CEO Mark Rowsthorn is still hopeful of restructuring the trucking group Cole Bennetts McAleese’s administrators, McGrathNicol, have received a new restructuring proposal from Hong Kong’s SC Lowy and plan to discuss the transport group’s options, which include liquidation, with creditors next month. McGrathNicol is reviewing draft deeds of company arrangement from McAleese’s secured creditors, the administrators said on…

US Feds Bust Brooklyn-Based Drugs, Gambling Gang with Alleged Russian Mob Ties – Flushdraw

Gambling

13th November 2016 // Uncategorised US federal agents this week indicted nine members of a Brooklyn gang accused of multiple violations, including illegal drug trafficking and the continuing operation of a private, high-stakes poker game where as much as $150,000 was allegedly wagered.  A statement from the Eastern District of New York USAO office described those…

Erickson files for Chapter 11 bankruptcy – Australian Aviation

Restructuring

Erickson, the manufacturer and operator of the S-64 Air Crane fire attack helicopter, have filed for Chapter 11 bankruptcy. (Paul Sadler) The manufacturer and operator of the world renowned S-64 Air Crane fire attack helicopter, Erickson Incorporated, has voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Northern District of Texas,…

Nathan Tinkler to speak at Drayton South hearing – Newcastle Herald

Bankruptcy

Human headline: Nathan Tinkler pursued by journalists in Sydney in 2014. BANKRUPTED businessman Nathan Tinkler is expected to support the Drayton South mine as a listed speaker at Wednesdays controversial fourth Planning Assessment Commission hearing into the proposal. Mr Tinkler is listed as fifth speaker on the first day of the two-day Muswellbrook hearing that…

Linc Energy’s former executives charged with environmental offences – ABC Online

Liquidation

The Queensland Government has charged five former executives of Linc Energy with environmental offences over the failed company’s alleged contamination of huge swathes of prime farmland in the state’s south-east. Key points: Charges related to alleged contamination caused by underground coal gasification Four other former Linc executives also summonsed Company has denied the charges…