Tweeter Gets Chapter 11 Extension
Washington D.C. Tweeter Home Entertainment Group Inc. won four more months to control its bankruptcy case as it sorts out the claims against the company.
Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington, Del., said Monday that the former electronics retailer may have through June 5 to file its Chapter 11 plan of liquidation without the threat of competing plans. This right would have otherwise expired Feb. 6.
Tweeter requested the extension last month in order to finish analyzing the claims against it and to reconcile its assets and liabilities after a sale of substantially all its assets closed last summer. The company argued that its creditors would only benefit from the delay.
The company said it wasn’t trying to pressure its creditors to support its bankruptcy-exit plan but wanted to ensure the creditors’ input as it drafted its plan.
Tweeter will now have through Aug. 4 to solicit creditors’ support for the plan. The previous deadline was April 7.
Verde joins TDIndustries board
DALLAS TDIndustries, a specialty construction company, has announced the appointment of Dora Ann Verde to its board of directors. Verde, a CPA and partner in the public accounting firm of Garza/Gonzalez & Associates in San Antonio, will serve as chairperson for TDIndustries’ audit committee.
According to Jack Lowe, Jr., board chair of TDIndustries, “We are fortunate to name Dora Ann Verde to our board and are very impressed with her exceptional qualifications.”
Brash Entertainment names legal affairs vp
Video game company, Brash Entertainment, announced that Melissa Miller has been appointed vp of legal affairs. Miller joined Brash from Fox Filmed Entertainment, where she handled legal affairs for domestic and global licensing and merchandising initiatives.
Prior to joining Fox, Miller practiced at Alschur Grossman Stein & Kahan, where she litigated on disputes involving partnership agreements, trade secrets and intellectual property.
“Melissa Miller has specialized in understanding complex partnerships and licensing agreements, making her an ideal fit for our business,” said Mitch Davis. “She navigates the Hollywood studio system with ease and is equally comfortable working closely with the game development community.”