Tuesday, August 9, 2011

Bankruptcy Updates

Nebraska Book Company Committee Amended
The US Trustee assigned to the Nebraska Book Company case appointed a second amended official committee of unsecured creditors on August 8, 2011. Elsevier Inc. resigned from the committee effective July 15, 2011, Pearson Education Inc. resigned effective July 27, 2011, and JanSport, a Division of VF Outdoor, resigned on August 3, 2011.

Borders Group Executive Changes Announced
According to documents filed with the SEC, the employment with Borders Group and its subsidiaries of Michael J. Edwards, Borders Group president, and Scott D. Henry, E.V.P. and chief financial officer of the company were terminated from Borders, according to the SEC. SVP Restructuring Holly Felder Etlin was appointed as president of the company effective July 29, 2011, and Borders VP, chief accounting officer, and controller Glen Tomaszewski was appointed as treasurer of the Company.

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