Lucky Dragon Hotel & Casino – Amended Plan and Disclosure Statement Filed
July 26, 2018 – Lucky Dragon Hotel & Casino filed with the U.S. Bankruptcy Court a Second Amended Plan and related Disclosure Statement [Docket No. 610]. According to the Disclosure Statement, “The...
View ArticleClaire’s Stores – Disclosure Statement Approved, Plan Confirmation Hearing on...
July 26, 2018 – The U.S. Bankruptcy Court has approved [Docket No.679] Claire’s Stores Disclosure Statement [Docket No. 669]. As previously reported, “The Debtors, the Creditors’ Committee, the...
View ArticleHeritage Home Group LLC Chapter 11 Petition Filed
July 29, 2018 – Heritage Home Group (“HHG” or “the Company”) and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
View ArticleRelativity Media – Auction Cancelled, Stalking Horse UltraV Holdings...
July 28, 2018 – Relativity Media notified the Court that it had (i) cancelled its scheduled asset sale auction and (ii) designated stalking horse bidder UltraV Holdings LLC (the “Purchaser”) as the...
View ArticleTintri – Cigna Entities Objects to Sale Motion
July 27, 2018 – Cigna Health and Life Insurance Company, Life Insurance Company of North America, Cigna Behavioral Health, and Cigna Life Insurance Company of New York, the “Cigna Entities” filed with...
View ArticleRelativity Media – Netflix Challenges Fairness of Sale Motion
July 27, 2018 – Netflix filed an objection [Docket No. 393] to Relativity Media’s Sale Motion [Docket No.77] citing concerns over the fairness of the Debtor’s restructuring support agreement (the...
View ArticleA’GACI – Second Amended Plan Filed and Confirmed
July 27, 2018 – A’GACI submitted its Second Amended Plan of Reorganization [Docket No.488] and subsequently received confirmation for the same [Docket No. 496]. Court documents note, “On the Effective...
View ArticleOrexigen Therapeutics – McKesson Seeks Court Ruling on Disputed Funds
July 30, 2018 – McKesson Corporation (together with its subsidiary McKesson Patient Relationship Solutions (“MPRS”), “McKesson”) has asked the U.S. Bankruptcy Court hearing the Orexigen Therapeutics...
View ArticleThe Rockport Company – Court Approves $8 million Settlement with Adidas;...
July 30, 2018 – The U.S. Bankruptcy Court has approved The Rockport Company’s settlement with adidas AG (“Adidas”) and certain creditors [Docket No. 425]. As previously reported [Docket No. 402], “The...
View ArticleHeritage Home Group – Plans Sale of Luxury Brands Business to Hickory Chair...
July 29, 2018 – Heritage Home Group filed a motion [Docket No.13] requesting Court approval of procedures and actions necessary to the proposed sale of assets related to their Hickory Chair, Pearson,...
View ArticleHeritage Home Group – Seeks Authority for DIP Facility of $98 Million
July 29, 2018 – Heritage Home Group has requested Court authority to obtain debtor-in-possession (“DIP”) financing from PNC Bank, N.A. in its capacity as administrative agent and collateral agent (the...
View ArticleRelativity Media – Auction Cancelled, Stalking Horse UltraV Holdings...
July 28, 2018 – Relativity Media notified the Court that it had (i) cancelled its scheduled asset sale auction and (ii) designated stalking horse bidder UltraV Holdings LLC (the “Purchaser”) as the...
View ArticleToys “R” Us – Suppliers Object to Comprehensive Settlement Agreement
July 31, 2018 – KidCo, The Maya Group HK, Peg Perego USA, Kolcraft Enterprises, LulyBoo, Bexco Enterprises dba Million Dollar Baby, Bassett Furniture Industries, and Export Development Canada...
View ArticleHeritage Home Group – Court Approves Interim DIP Financing of $25 Million
July 31, 2018 – The Court hearing the Heritage Home Group case has authorized the Debtors request for interim debtor-in-possession (“DIP”) financing of up to $25 million to be provided by PNC Bank,...
View ArticlePacific Drilling S.A. – Plan and Disclosure Statement Provide Restructuring...
July 31, 2018 – Pacific Drilling S.A. filed with the U.S. Bankruptcy Court a Joint Plan of Reorganization [Docket No. 450] and related Disclosure Statement [Docket No. 451]. The Disclosure Statement...
View ArticleOrion Healthcorp – Sale of NYNM Assets to HealthTek Solutions for $16.5...
July 31, 2018 – The U.S. Bankruptcy Court has approved an Asset Purchase Agreement (“APA”) and Sale Order filed by New York Network Management (“NYNM”), an indirect subsidiary of Orion Healthcorp,...
View ArticleToys “R” Us – June M.O.R. Filed
July 31, 2018 – Toys “R” Us filed with the U.S. Bankruptcy Court a monthly operating report for the period of June 3, 2018 to June 30, 2018 [Docket No. 3978]. For the period, the Company reported a...
View ArticleRMH Franchise Holdings – Court Approves KEIP, KERP, Severance Plan and...
August 2, 2018 – The Court hearing the RMH Franchise Holdings case approved the Debtors’ (i) key employee incentive plan (the “KEIP”), (ii) non-insider key employee retention plan (the ‘KERP”’) and...
View ArticleAppvion – Internal Revenue Service Objects to Plan on Multiple Tax-Related...
August 2, 2018 – The Internal Revenue Service (“IRS”) filed an objection to Appvion’s Second Amended Joint Combined Disclosure Statement and Chapter 11 Plans of Liquidation [Docket No. 836]. Objecting...
View ArticleGibson Brands – Court Approves Amended Disclosure Statement; Confirmation...
August 2, 2018 – The Court hearing the Gibson Brands case approved the Disclosure Statement related to the Company’s Third Amended Joint Plan of Reorganization [Docket No. 516] and concurrently set a...
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