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4E Brands Northamerica LLC – U.S. Trustee, Citing “Foundational Infirmity” of...

November 3, 2023 – Kevin Epstein, the United States Trustee for Region 7 (“U.S. Trustee”), has filed a motion [Docket No. 517] using the 4E Brands Northamerica LLC cases as a vehicle to obtain a Court...

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WeWork Inc. – Leading Global Flexible Space Provider Files Chapter 11...

November 6, 2023 – WeWork Inc. and @500 affiliated debtors* (NYSE: WE; “WeWork” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, lead case...

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Paradox Resources, LLC – Houston-Based Carbon Capture Specialist Suprises...

November 3, 2023 – Further to an August 31st modified bidding procedures order [Docket No. 274], the Debtors notified the Court that they have selected GNG Partners, LLC ("GNG Partners") as the...

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Anagram Holdings, LLC – Global Leader in Foil Balloons and Party City...

November 8, 2023 – Anagram Holdings, LLC and two affiliated debtors (dba Anagram Balloons; together “Anagram” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...

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SAS AB – Seeks Authority for $500mn Replacement DIP Financing Facility from...

November 4, 2023 – The Debtors requested Court authority to: (i) access $500.0mn under a proposed replacement debtor-in-possession (“DIP”) term loan facility (the “Refinancing DIP Facility”) to be...

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PhaseBio Pharmaceuticals, Inc. – With Debtor Still Locking Horns with SFJ...

November 8, 2023 – The Court hearing the PhaseBio Pharmaceuticals, Inc. case has extended (for a fourth time) the periods during which Debtor has an exclusive right to file a Plan and solicit...

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WBS Capital Inc. – After Chaotic Finish to Auction/Sale Process, Debtors...

November 10, 2023 – Further to an unusual auction process which saw the Debtor receive two bids (only one ultimately actionable) after an October 31st bid deadline, the Debtor notified the Court that...

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Sorrento Therapeutics, Inc. – Court Confirms San Diego-Based...

November 30, 2023 – The Court hearing the Sorrento Therapeutics, Inc. cases issued an order confirming the Debtors’ Modified Joint Plan of Liquidation [Docket No. 1616]. In approving the Plan, Judge...

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PREIT Ch. 22 in the Works?

Bloomberg is reporting that Pennsylvania Real Estate Investment Trust (PREIT) is preparing to file for bankruptcy for the second time since 2020. The shopping mall owner is said to be seeking funding...

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FTX Trading Ltd – Court Approves Stipulation That Will See $22.5mn of...

December 4, 2023 – The Court hearing the FTX Trading Ltd. cases issued an order approving a stipulation* further to which the Debtors are set to recover $22.5mn in donations made to Effective Ventures...

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