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bankruptcy

Jacobs resigns as head of Genmar

Irwin Jacobs has stepped down as CEO, chairman of the board and as a director of Genmar Holdings to avoid a potential conflict of interest

Judge allows Genmar to work with bidder

A bankruptcy court judge in Minnesota approved Genmar Holding’s motion to enter into an exclusivity and expense agreement with a potential stalking horse. Genmar has

Textron files objection in Genmar case

Textron Financial Corp. and Textron Financial Canada filed an objection to Genmar Holdings’ motion relating to the sale of the company, saying Genmar needs to

Genmar moves from reorganization to sale

Genmar Holdings is now pursuing a sales process rather than a reorganization as a means to exit from Chapter 11 bankruptcy, according to court filings.

More details on Genmar’s Chapter 11 filing

Announcing that his company had filed for bankruptcy, Genmar Holdings chairman and CEO Irwin Jacobs noted that previous economic downturns “do not even remotely resemble”

Genmar files for bankruptcy protection

Genmar Holdings, the country’s second-largest boatbuilder, has filed for Chapter 11 reorganization protection in U.S. bankruptcy court. “If someone would have said to me as

Jacobs resigns as head of Genmar

Irwin Jacobs has stepped down as CEO, chairman of the board and as a director of Genmar Holdings to avoid a potential conflict of interest

Judge allows Genmar to work with bidder

A bankruptcy court judge in Minnesota approved Genmar Holding’s motion to enter into an exclusivity and expense agreement with a potential stalking horse. Genmar has

Textron files objection in Genmar case

Textron Financial Corp. and Textron Financial Canada filed an objection to Genmar Holdings’ motion relating to the sale of the company, saying Genmar needs to

Genmar files for bankruptcy protection

Genmar Holdings, the country’s second-largest boatbuilder, has filed for Chapter 11 reorganization protection in U.S. bankruptcy court. “If someone would have said to me as

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