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Yesterday, Mesa Air Group (MESA) announced that it was filing for Chapter 11. Here’s a snip from a statement made by Chairman and CEO Jonathan Ornstein in yesterday’s press release:
“Over the past two years, we have worked closely with our lessors, creditors and other constituents to restructure our financial obligations. These efforts have led to [...]
You may have already had your fill of Lehman 1-year anniversary stories — even Nouriel Roubini weighed in this week on Tuesday’s anniversary. But one day later we caught the monthly schedule that Lehman is required to file with the bankruptcy court on its expenses.
In August, the bill came to $58.8 million — a 30% [...]
At a time when so many people are beating the drum about the need for companies to file transparent documents with the Securities and Exchange Commission, General Motors (GMGMQ) deserves credit. Granted, the subject of the press release that accompanied yesterday’s 8-K was very grim; but there’s no spin at all in their [...]
Earnings season usually goes hand in hand with boring PPT presentations. But the one that Discover Financial Services (DFS) put out yesterday certainly caught our attention because of some of the scary slides smack dab in the middle. The slideshow was included in this 8K that was filed yesterday.
By far, the scariest slide is the [...]
Sometime today (it’s not clear exactly when) representatives of Lehman Brothers (LEHMQ) will appear in Bankruptcy Court. Their purpose? To provide an update on Lehman’s progress under the watchful eyes of Alvarez & Marsal, which as we footnoted here is getting paid as much as $850 an hour for its work on Lehman. While we [...]
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