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] ..[811][812][813][814][815][816][817][818][819].. [2293] [NEXT]
All
Legal News
Law Firm News
Court News
U.S. Court News
Legal Line News
Legal News Feed
Law Firm Press
Legal Opinions
Former Georgia insurance commissioner ..
Alabama woman who faked kidnapping ple..
A Supreme Court ruling in a social med..
Court upholds mandatory prison terms f..
Trump wants N.Y. hush money trial to w..
Supreme Court restores Trump to ballot..
Supreme Court casts doubt on GOP-led s..
Donald Trump appeals $454 million judg..
Dani Alves found guilty of rape, sente..
Ken Paxton petitions to stop Dallas wo..
Attorney Jenna Ellis pleads guilty in ..
Trump arrives in federal court in Flor..
Why Trump's bid for president is in th..
Samsung chief is acquitted of financia..
UN court rejects most of Ukraine’s te..


   Law Firm Networks
San Francisco Trademark Lawyer
San Francisco Copyright Lawyer
www.onulawfirm.com
Eugene Criminal Defense Attorneys
Eugene DUI Lawyer. Oregon Criminal Defense
www.mjmlawoffice.com
New York Adoption Lawyers
New Jersey Adoption Attorneys
New York Foster Care Lawyers
www.lawrsm.com

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. Criminal Law Firm Website Design