NEW YORK, Dec 10 (Reuters) – Great Atlantic & Pacific Tea
Co Inc (GAP.N: Quote, Profile, Research, Stock Buzz), operator of A&P and other supermarkets, has
hired restructuring lawyers and is facing a cash crunch after
vendors have tightened credit terms in recent weeks, according
to people with knowledge of the matter.

The company, once America’s biggest grocer, has hired law
firm Kirkland & Ellis for legal advice, said the sources, who
asked not to be named because they were not authorized to speak
to the media.

NEW YORK (Reuters) – Metro-Goldwyn-Mayer Studios Inc entered the final act of its reorganization when it won court approval, clearing the way for the storied Hollywood studio to emerge from bankruptcy with new owners.

U.S. Bankruptcy Judge Stuart Bernstein approved the restructuring plan at a hearing on Thursday in Manhattan. Jay Goffman, a lawyer for MGM, said the company expects to emerge from bankruptcy in a few weeks.

NEW YORK, Dec 2 (Reuters) – Metro-Goldwyn-Mayer Studios Inc
entered the final act of its reorganization when it won court
approval, clearing the way for the storied Hollywood studio to
emerge from bankruptcy with new owners.

U.S. Bankruptcy Judge Stuart Bernstein approved the
restructuring plan at a hearing on Thursday in Manhattan. Jay
Goffman, a lawyer for MGM, said the company expects to emerge from
bankruptcy in a few weeks.

NEW YORK, Nov 12 (Reuters) – Loehmann’s [ARCABL.UL] and its
largest lenders have a standstill agreement through Nov. 19,
giving the company more time to arrange a restructuring or a
bankruptcy filing, according to a copy of a letter the
off-price retailer sent to its vendors.

According to the letter obtained by Reuters, Loehmann’s
made so-called forbearance agreements with commercial finance
company Crystal Financial and its two largest secured
noteholders representing about 70 percent of its notes.

NEW YORK, Nov 12 (Reuters) – Loehmann’s [ARCABL.UL] and its
largest lenders have a standstill agreement through Nov. 19,
giving the company more time to arrange a restructuring or a
bankruptcy filing, according to a copy of a letter the
off-price retailer sent to its vendors.

According to the letter obtained by Reuters, Loehmann’s
made so-called forbearance agreements with commercial finance
company Crystal Financial and its two largest secured
noteholders representing about 70 percent of its notes.

LOS ANGELES/NEW YORK (Reuters) – Hollywood studio Metro-Goldwyn-Mayer Inc told creditors that claims of synergies and cost savings outlined in a merger proposal by Lions Gate Entertainment Corp (LGF.N: Quote, Profile, Research, Stock Buzz) lacked proof, a source familiar with the matter told Reuters.

MGM sent a memo to creditors on Monday arguing against the merger just days before debtholders will vote on a rival proposal to handle the storied studio’s estimated $4 billion in debt, said the source, who had seen the memo.

NEW YORK (Reuters) – Billionaire investor Carl Icahn stepped up his fight for control of film studio Metro-Goldwyn Mayer on Thursday, offering to buy senior debt from creditors willing to vote down the company’s proposed deal with Spyglass Entertainment.

Icahn, who says he has a “significant” position in MGM, is pushing an alternative proposal to merge the heavily indebted film studio with Lions Gate Entertainment, in which he also has a large stake.

NEW YORK (Reuters) – Billionaire investor Carl Icahn stepped up his fight for control of film studio Metro-Goldwyn Mayer Inc on Thursday, offering to buy senior debt from creditors willing to vote down the company’s proposed deal with Spyglass Entertainment.

Icahn, who says he has a “significant” position in MGM, is pushing an alternative proposal to merge the heavily indebted film studio with Lions Gate Entertainment Corp (LGF.N: Quote, Profile, Research, Stock Buzz), in which he also has a large stake.

NEW YORK (Reuters) – Lehman Brothers Holdings Inc (LEHMQ.PK: Quote, Profile, Research, Stock Buzz) on Monday said it has paid more than $1 billion to its lawyers, consultants and financial advisers since filing the largest U.S. bankruptcy two years ago.

Professional and other fees totaled $1.01 billion through September 30, up $51.8 million from $961.3 million a month earlier, a filing with the U.S. bankruptcy court in Manhattan shows.

NEW YORK (Reuters) – When Lehman Brothers collapsed, a whole lot of money vanished with it. Its bankruptcy, on the other hand, just keeps on paying.

Lehman’s record-breaking bankruptcy has produced a staggering $1 billion in fees — doled out to legions of lawyers, advisers and bankers over the past two years.