1 result for month: 01/2020


Would-be Oakland Coal Baron’s Bankruptcy Exposes Filthy Scheming

Insight Terminal Solutions (ITS) is the new corporate incarnation of the same five year old plot to ship millions of tons of toxic coal through Oakland's waterfront. But  they've filed for bankruptcy. And in bankruptcy court, ITS is fighting off a hostile takeover by a hedge fund manager who wants to operate the coal terminal.  It's not the sort of bankruptcy that shutters a business … alas. Instead, it's the kind that gives a bankrupt business a second chance by supervising the reorganization of its finances. But to get that second chance, the business is required to disclose piles of memos, plans, budgets, and correspondence to the court, ...