Premier Exhibitions and its official committees of equity security holders and unsecured creditors filed with the U.S. Bankruptcy Court a joint motion for appointment of mediator and to schedule mediation.
The motion explains, “The Parties believe it is in the best interest of the estate to mediate any and all matters arising out of or related to the Plan or any other restructuring or liquidating plan, any restructuring and liquidation options and alternatives, the sale of the Debtors’ assets, and any related issues that the Parties agree to mediate. The Parties believe that mediation will help avoid a prolonged confirmation fight among them.”
In addition, “The goal of mediation would be to reach consensus among the Parties on the best path forward to exiting the Bankruptcy Case as expeditiously as possible, while also maximizing recoveries for stakeholders. The Parties seek authority to include other interested parties and potential stakeholders in this mediation, as they deem appropriate, and upon their full and complete agreement, to facilitate resolution of as many issues as possible at the mediation. Counsel for the Debtors is in touch with these parties and will coordinate their involvement. The Parties recommend C. Edward Dobbs to serve as mediator. Mr. Dobbs is an experienced bankruptcy attorney, capable mediator, and is available and willing to serve as mediator, if authorized and directed by this Court.”
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