E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers L > Headlines for LandSource Communities Development LLC > News item
Published on 6/12/2008 in the Prospect News Distressed Debt Daily.

LandSource looks to hire Lazard Freres as financial adviser

By Caroline Salls

Pittsburgh, June 12 - LandSource Communities Development LLC is seeking court approval to hire Lazard Freres & Co. LLC as its financial adviser, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

LandSource said the financial adviser's duties will include formulating strategic alternatives, negotiating with the company's creditors and helping the company implement an asset sale or plan of reorganization.

A hearing is scheduled for July 11.

LandSource, a Los Angeles-based developer of master-planned communities, filed for bankruptcy on June 9. It Chapter 11 case number is 08-11111.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.