Pacific Drilling – Seeks Authority to Enter Second Lien Commitment Agreement
August 24, 2018 – Pacific Drilling requested authority to enter into a second lien commitment agreement [Docket No. 520]. The motion notes, “Specifically, the Debtors seek: (a) authority to (i) pay to...
View ArticleBrookstone – Committee Objects to Financing Motion, Cites Concerns Over...
August 24, 2018 – The Official Committee of Unsecured Creditors (the “Committee”) of Brookstone filed a redacted objection [Docket No. 231] to Debtors financing motion [Docket No. 19] citing liquidity...
View ArticleHooper Holmes, Inc. – Files Chapter 11 Petition, Details Purchase Agreement...
August 28, 2018 – Hooper Holmes, Inc., d/b/a Provant Health, and six affiliated debtors (collectively, “the Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleToys “R” Us – U.S. Trustee Objects to Disclosure Statement “Ambush”, Sees...
August 27, 2018 – The U.S. Trustee filed an objection [Docket No. 4372] to the adequacy of the Disclosure Statement filed by Toys Delaware Debtors and Geoffrey Debtors [Docket No. 4056]. The U.S....
View ArticleScottish Annuity & Life Insurance Company – Court Confirms Amended Plan
August 27, 2018 – The Court hearing the Scottish Annuity & Life Insurance Company case confirmed the Debtors Third Amended Joint Plan of Reorganization [Docket No. 492]. As previously reported...
View ArticleSamuels Jewelers – Creditor Bank Seeks Appointment of Examiner, Citing...
August 27, 2018 – Punjab National Bank (“PNB”) filed with the Court a motion directing the appointment of an examiner in the Samuels Jewelers case [Docket No.142]. PNB asserts, “PNB seeks the...
View ArticleFirstEnergy Solutions – Requests Court Approval of “Milestone” Comprehensive...
August 26, 2018 – FirstEnergy Solutions (“FES”) requested Court approval of a settlement agreement [Docket No. 1224] by and among (i) the Debtors, (ii) FirstEnergy Corp. (“FE Corp.”) and its affiliates...
View ArticleErin 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...
View ArticleThe Nordam Group, Inc. – Chapter 11 Petition Filed
Privately-held, The Nordam Group and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-11699. The Tulsa-based...
View ArticleToys “R” Us – Court Confirms Technically Modified Plan of Propco II Plan Debtors
August 22, 2018 – Toys “R” Us Property Company II, LLC and Giraffe Junior Holdings, LLC (collectively, the “Propco II Plan Debtors”) filed an Amended Joint Chapter 11 Plan of Reorganization of Toys “R”...
View ArticleOpen Road Films, LLC – Files Chapter 11 Petition
September 6, 2018 – Open Road Films, LLC (f/k/a REGAMC Releasing, LLC) and five affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case...
View ArticleHeritage Home Group – Court Approves KEIP, KERP and Related Seal
September 6, 2018 – The Court hearing the Heritage Home Group case approved the Debtors’ Key Employee Incentive Plan (“the KEIP”) and Key Employee Retention Plan (“the KERP”) [Docket No. 245]. As...
View ArticleiHeartMedia – Indenture Trustee Objects to Disclosure Statement, “Leakage of...
September 5, 2018 – Wilmington Savings Fund Society (“the Legacy Trustee”), as successor indenture trustee to notes issued under the Debtors’ October 1997 indenture (“the Legacy Notes”), filed an...
View ArticleBrookstone – Unsecured Creditors Committee Backs Authentic Brands Bid Over...
September 5, 2018 – Brookstone’s Official Committee of Unsecured Creditors filed with the Court a redacted objection [Docket No. 319] to Debtors’ motion outlining bidding protections for the sale of...
View Article1 Global Capital – Securities and Exchange Commission Alleges $287 million...
August 23, 2018 – The U.S. Securities and Exchange Commission filed charges against 1 Global Capital LLC (“1 Global”) and its former CEO Carl Ruderman for allegedly defrauding at least 3,400 retail...
View ArticleGibson Brands – Files Fourth Amended Plan and Seeks Approval for Disclosure...
September 6, 2018 – Gibson Brands filed a Fourth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 726] and requested approval of a Disclosure Statement addendum and amended solicitation...
View ArticleThe Rockport Company – Requests Extension of Exclusive Plan Filing Period,...
September 11, 2018 – The Rockport Company filed with the Court a motion to extend the periods during which the Company has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof,...
View ArticleLockwood International – Court Approves Sales of Rotterdam Assets; Edmonton...
August 29, 2018 – The Court hearing the Lockwood International case approved four separate sales, including: (i) that of the Rotterdam assets to Southwest Stainless (the Rotterdam Buyer), (ii) that of...
View ArticleClaire’s Stores – Oaktree Capital Management Objects to RSA Plan, “Step in...
September 14, 2018 – Oaktree Capital Management filed with the Court an objection [Docket No. 989] to the confirmation of the Debtors’ Modified Second Amended Joint Chapter 11 Plan of Reorganization...
View ArticleHooper Holmes – DIP Provider SWK Objects to Bid Procedures Which “Strip” it...
September 14, 2018 – SWK Funding LLC (“SWK”) filed with the Court an objection [Docket No. 85] to Hooper Holmes’ bid procedures motion [Docket No. 18]. SWK asserts, “SWK has been supportive of a...
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