Act-On downsizes amid ‘focused restructuring’ – Portland Business Journal (blog)

Restructuring

Andy MacMillan, CEO of Act-On Software Act-On Software Marketing automation company Act-On Software is restructuring its team with dozens of lay offs reported. Thirty-six roles were affected. Last year, the company said it had roughly 400 employees, many based at its Portland headquarters. … Read the full article at: http://www.bizjournals.com/portland/blog/techflash/2016/10/act-on-downsizes-amid-focused-restructuring.html

Home Secretary Amber Rudd’s former business partner appointed liquidator of one of her failed firms – Mirror.co.uk

Restructuring

Amber Rudd faced fresh questions about her shady business career after a Mirror investigation found a former business associate was appointed as the liquidator of one of her failed firms. The Mirror has revealed that the Home Secretary was involved in running a string of firms in the late 90s and early 2000s that went…

Garden Fresh Reaches Agreement With Lenders To Restructure Debt – PR Newswire (press release)

Restructuring

To implement the restructuring, Garden Fresh has filed voluntary petitions for reorganization under Chapter 11 protection. Piper Jaffray has been engaged to assist with the anticipated sale of the business to second lien lenders, subject to higher and better bids. The Company also plans to close between 20 and 30 underperforming restaurants to strengthen its…

Doubts over future of Gerry Harvey-backed toy group Funtastic – The Australian Financial Review

Restructuring

Gerry Harvey is a long-time Funtastic backer. Peter Rae The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. But the company’s chief financial officer, Grant Mackenzie, insists it is now on a much stronger footing after…

Rick Frimmer to Join EisnerAmper’s Bankruptcy and Restructuring Practice – Business Wire (press release)

Restructuring

NEW YORK–(BUSINESS WIRE)–EisnerAmper LLP today announced that Rick L. Frimmer, JD, CPA, will join the firm as a Managing Director in its Bankruptcy & Restructuring practice. Frimmer has more than 35 years of experience providing legal and strategic advice in restructurings of municipal and corporate debt, as well as equity. He has represented virtually every…