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GenOn Energy Credit Facility Amended

GenOn Energy filed with the U.S. Bankruptcy Court a notice detailing the amendment and extension of its letter of credit facility (“the Citi LC Facility”). The amendment notes, “The Court entered the...

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Color Spot Nurseries Objection Filed

Monrovia Nursery Company filed with the U.S. Bankruptcy Court an objection to Color Spot Nurseries’ (a) Sale Motion (Docket No. 64) and (b) notice of possible assumption and assignment of executory...

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Orianna Health Systems Confirmation Hearing Adjourned

Orianna Health Systems filed with the U.S. Bankruptcy Court a notice adjourning its Confirmation Hearing. The notice states, “The hearing to consider confirmation of the Plan was scheduled for July 16,...

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Tintri Chapter 11 Petition Filed

Tintri filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 18-11625. Tintri, which develops and markets an enterprise cloud platform combining cloud...

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The Rockport Company Complaint Filed

The Rockport Company filed with the U.S. Bankruptcy Court a complaint against adidas AG (“Adidas”) and Reebok International (“Reebok”). The complaint alleges, “This action arises from a sale objection...

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Elements Behavioral Health Bidding Procedures Objection Filed

Cigna Behavioral Health of Texas and Cigna Behavioral Health filed with the U.S. Bankruptcy Court an objection to Elements Behavioral Health’s Sale Motion (Docket No. 19). The objection asserts, “Cigna...

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iHeartMedia Exclusivity Extensions Approved

The U.S. Bankruptcy Court approved iHeartMedia’s motion for the entry of an order extending the periods during which the Debtors have the exclusive right to file a Chapter 11 Plan, and obtain...

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Gibson Brands Amended Plan and Disclosure Statement Filed

Gibson Brands filed with the U.S. Bankruptcy Court an Amended Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides that...

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Weinstein Company Holdings Asset Purchase Agreement Amendment Approved, Sale...

The U.S. Bankruptcy Court issued an order approving Weinstein Company Holdings’ approving the second amendment to the asset purchase agreement (“APA”) entered into by and between the Debtors and...

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Hobbico Chapter 7 Conversion Approved

The U.S. Bankruptcy Court issued an order Converting Hobbico’s Chapter 11 cases to cases under Chapter 7 of the Bankruptcy Code. The order states, “The Debtor’s chapter 11 cases shall be converted to...

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Erin Energy Dismissal Sought

Zenith Bank Plc (“Zenith”) filed with the U.S. Bankruptcy Court a motion for dismissal or abstention under 11 U.S.C. Section 1112(b) and 305 (a)(1). In support of the dismissal, Zenith states, “The...

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Elements Behavioral Health Objections Filed

Communications Workers of America, Local 6186, informally known as the Texas State Employees Union, and Daniels Holdings Tennessee and affiliated landlord entities, filed with the U.S. Bankruptcy Court...

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The Rockport Company – $8 million Settlement Reached with Adidas; Satisfies...

July 25, 2018 – The Rockport Company has requested Court approval of a settlement reached by (a) the Debtors, (b) adidas AG (“Adidas”) and (c) certain noteholders, DIP note purchasers and existing or...

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Color Spot Nurseries – APA Approved, Sale to Wells Fargo Authorized

July 25,2018 – The U.S. Bankruptcy Court in the Color Spot Nurseries case has (i) approved the asset purchase agreement (“APA”) between the Debtors and Wells Fargo Bank N.A. (the “Buyer”) and (ii)...

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The NORDAM Group – Interim DIP Financing Approved to Draw up to $25 Million,...

July 25, 2018 – The U.S. Bankruptcy Court has approved The NORDAM Group’s request to (i) enter into a superpriority senior secured revolving credit facility (the “DIP Financing”) in an aggregate...

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Claire’s Stores – Amended Plan and Disclosure Statement Filed; Marketing...

July 25, 2018 – Claire’s Stores filed with the U.S. Bankruptcy Court an Amended Plan [Docket No. 668] and Disclosure Statement [Docket No. 669]. According to the Disclosure Statement, “Pursuant to the...

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Gibson Brands – Second Amended Plan Details Conversion to Equity of DIP...

July 24, 2018 – Gibson Brands filed with the U.S. Bankruptcy Court a Second Amended Plan [Docket No. 482] and related Disclosure Statement [Docket No. 484] that detail treatment of amounts outstanding...

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Orexigen Therapeutics –Nalproprion Asset Purchase Agreement Amended to...

July 26, 2018 – Orexigen Therapeutics requested, and subsequently received, Court approval to amend to its asset purchase agreement with Nalpropion Pharmaceuticals [Docket Nos. 629 and 635]. The...

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HCR ManorCare – Plan Becomes Effective

July 26, 2018 – HCR ManorCare’s First Amended Chapter 11 Plan of Reorganization became effective and the Company emerged from Chapter 11 protection [Docket No. 291]. The U.S. Bankruptcy Court confirmed...

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VER Technologies HoldCo – Third Amended Joint Chapter 11 Plan of...

July 26, 2018 – VER Technologies HoldCo’s Third Amended Joint Chapter 11 Plan of Reorganization has been confirmed [Docket No. 647]. As previously reported [Docket No. 611], “On the Effective Date,...

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