Latest in Chapter 11 Bankruptcy

Shares of luxury exhibitor iPic, which operates 16 theaters in nine states including New York and California, jumped 19% on Friday on 10 times their normal trading volume. The rally isn’t likely to last, though, as word came Thursday from the SEC that the bankrupt company’s stock is set to be delisted next week from…

Fuse Media, the multi-platform company backed by Jennifer Lopez that targets Latino and multicultural millennials and GenZ audiences, said it will emerge from Chapter 11 bankruptcy protection on schedule in the coming weeks. Along with that update on the bankruptcy filing last April, the company said it has secured a…

Fuse Media, which has endured a rocky stretch in recent months after its flagship cable network was dropped by major pay-TV providers, has filed for bankruptcy protection. The company said it has opted for a pre-packaged Chapter 11 restructuring, which is a more streamlined version of the bankruptcy process. It has…

UPDATED at 6:50AM PT with company statement. Global Road has begun its bankruptcy process, as expected, filing for Chapter 11 protection. Following the scenario sources had floated, the filing was made under the Open Road releasing unit, with the IM Global division remaining separate. That maneuver is akin to cutting…

The focus of the indie film distribution this will squarely be on the Toronto International Film Festival, with the distinct exception of Global Road, where the road is expected to point toward Chapter 11 bankruptcy protection this week. It is expected that the restructuring or liquidation picture will get clearer…