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Violin Memory Plan Filed

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Violin Memory filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan of Reorganization and a related Disclosure Statement.

Among other things, the Disclosure Statement adds the following text, “Under the Plan, prior to the Effective Date, the Debtor and Plan Sponsor shall use commercially reasonable efforts to consult in good faith and reach agreement with respect to Contingent Administrative claims, and shall fund the Incremental Reserve (which shall be transferred to the Distribution Trust on the Effective Date) or the satisfaction of such claims, subject to certain conditions as set forth in the Plan, with the remaining balance (if any) to be distributed to the Reorganized Debtor.”

The Disclosure Statement establishes April 10, 2017 as the final date by which interested parties must cast Plan ballots.

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