Barcalounger Corp., a maker of reclining chairs owned by Hancock Park Associates, has filed for Chapter 11 bankruptcy protection and agreed to sell its assets.
Carlyle Group and Taiwan Mobile are in talks to extend a June deadline for their stalled $1 billion deal, in which Carlyle would sell its stake in Kbro for a 15.5 percent stake in Taiwan Mobile. The deal has run afoul of local media ownership laws.
Lehman Brothers Holdings Inc. and a group of unsecured creditors have sued JPMorgan Chase & Co., accusing it of taking actions that hastened Lehman’s bankruptcy. The plaintiffs are seeking more than $5 billion in damages.