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Avaya Bankruptcy Proof of Claim Stipulation Filed

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Avaya filed with the U.S. Bankruptcy Court a and agreed order amending certain hearing dates, deadlines and protocols in connection with the estimation of a claim filed by SAE Power

Incorporated and SAE Power Company (SAE claim). The stipulation notes, “On August 11, 2017, SAE filed an amended proof of claim against the Debtors in the amount of $379,414,364….The parties agree in lieu of an evidentiary hearing; they will present the estimation evidence to the case on the papers. Each party will present the Court with a trial brief; filed simultaneously on Wednesday, November 1, 2017, presenting its arguments regarding the estimation of SAE’s claim. Each party will present the Court with a reply brief; filed simultaneously on Wednesday, November 8, 2017.”

In addition, “The trial briefs and reply briefs may attach expert reports served as part of the estimation proceeding and documents identified by any of the experts as having been considered in his opinions. SAE may not serve any additional expert reports. The Debtors may serve one more expert report from its economics expert, Dr. Jonathan Arnold, no later than Wednesday, October 25, 2017.”

Read more Avaya bankruptcy news.

The post Avaya Bankruptcy Proof of Claim Stipulation Filed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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