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Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more bankruptcy coverage, check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider.
Parmalat settles class action Italian dairy group Parmalat SpA has agreed to settle a fraud-related class action brought by former investors in a New York court by issuing shares valued at around $37 million. - Laura Board Frontier Air jet sale OK'd A New York judge has approved the sale of four Frontier Airline Holding Inc. jets to a Russian transportation equipment lessor for $106 million. - Carolyn Okomo Aloha may sell cargo unit after all The sale of bankrupt Aloha Airline Inc.'s air cargo unit gained altitude after some turbulence when Saltchuk Resources Inc. came back with a reduced cash offer. Seattle-based Saltchuk, which had withdrawn its $13 million cash bid during the week, stepped forward with a reduced $10.5 million cash proposal. - Terry Brennan APG liquidation wins OK Adventure Parks Group LLC has ended its ride though bankruptcy court. Judge John Laney III of the U.S. Bankruptcy Court for the Middle District of Georgia in Valdosta confirmed the liquidation plan for the former owner of amusement parks Cypress Gardens and Wild Adventures. - Ben Fidler - The editors
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