News - Beleaguered gunmaker Remington points to bankruptcy court
Legal Marketing News
Bookmark This Site
Beleaguered gunmaker Remington points to bankruptcy court
Legal News | 2018/02/13 22:49
Remington, the gunmaker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it files for Chapter 11 bankruptcy protection.

The maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that left 20 first-graders and six educators dead in 2012, said Monday that the agreement with lenders will reduce its debt by about $700 million and add about $145 million in new capital.

The company will attempt to file a prepackaged reorganization plan with the U.S. Bankruptcy Court of Delaware under Chapter 11 of the bankruptcy code.

Remington Outdoor Co., based in Madison, North Carolina, said that business won't be disrupted as it restructures its finances.

Ohio court to hear online charter school's funding case

The survival of one of the nation's largest virtual charter schools is on the line when the Ohio Supreme Court hears arguments Tuesday in a case that could have broader impact on accountability for other e-schools.

The Electronic Classroom of Tomorrow challenges how Ohio tallied students' participation to determine the online school should repay $60 million or more.

The state says ECOT didn't provide data from students' online work to justify the school's full public funding in recent years.

ECOT argues that state law calls for calculating charter-school funding based on enrollment, not participation, and that Ohio's Department of Education effectively changed the criteria without legal authority.

After the state started recouping funding, the e-school of some 12,000 students was abruptly closed last month as it ran out of money.

[PREV] [1] ..[17][18][19][20][21][22][23][24][25].. [1499] [NEXT]
Legal News
Law Firm News
Court News
U.S. Court News
Legal Line News
Legal News Feed
Law Firm Press
Legal Opinions
Facing death penalty, school shooting ..
Father testifies in Australian court c..
Czech top court delays alleged Russian..
Greek court rejects Turkish extraditio..
Former Trump campaign aide Nunberg at ..
Appeals court weighs resuming pipeline..
TransCanada doesn't have to pay landow..
Martin Shkreli cries in court, is sent..
Cambodian court denies opposition lead..
Court rules in favor of fired transgen..
High court: Held immigrants can't get ..
Organized labor case goes in front of ..
Supreme Court declines to take up 'Dre..
Delay in Nevada gun buyer law draws pr..
Catalan politicians in Spanish court i..

   Law Firm Networks
Eugene Criminal Defense Attorneys
Eugene DUI Lawyer. Oregon Criminal Defense
Oregon Criminal Defense
Eugene Criminal Defense Lawyer
Coit & Associates, P.C.
New York Adoption Lawyers
New Jersey Adoption Attorneys
New York Foster Care Lawyers
Oregon Chapter 7 Bankruptcy Lawyer
Eugene Chapter 7 Bankruptcy Lawyer
Canton Criminal Lawyer
Canton DUI lawyer

Law Firm News Updates
Legal News Updates
Click The Law News
Daily Legal News
Legal News Voice
Recent Legal News
©Legal Marketing News. All rights reserved.

The content contained on the web site has been prepared by Legal Marketing News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Legal Blog postings and hosted comments are available for general educational purposes only and should not be used to assess a specific legal situation. Also this site may contain legal advice, legal opinions, and statements of various legal information providers. The Content contained on the site has been prepared by Legal Marketing News as a service to its readers and is not intended to constitute legal or professional advice, which is always fact specific. Small Law Firm Web Design and Web Design That Works by Law Promo