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Thornburg Mortgage – Seeks Court Approval Of $23.5 million Settlement with...

September 28, 2018 – The U.S. Trustee assigned to the Thornburg Mortgage case requested Court approval of a settlement between the U.S. Trustee and RBS Defendants [Docket No. 2736]. The Trustee...

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J & M Sales – Court Approves Backstop Agency Agreement with Hilco Merchant...

September 28, 2018 – The Court hearing the J & M Sales case authorized (i) a backstop agency agreement with Hilco Merchant Resources (the “Stalking Horse”) dated as of August 5, 2018 (the “Agency...

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Princeton Alternative Income Fund – Seeks Conversion from Chapter 11 to...

September 28, 2018 – Ranger Specialty Income Fund, LP (“Ranger Domestic”), Ranger Direct Lending Fund Trust (“Ranger Offshore”) and Ranger Alternative Management II, LP (collectively, “Ranger”),...

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Brookstone – Sells Former Corporate Headquarters for $6.1 million

October 1, 2018 – The Court hearing the Brookstone case issued an order approving the Debtors’ sale of real property in Merrimack, NH for $6.1 million [Docket No. 475]. The bid submitted by Brady...

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Verity Health System of California – Designates Santa Clara County as...

October 1, 2018 – Verity Health System of California requested a  Court order that would (i) approve the form of its Asset Purchase Agreement (the “Stalking Horse APA”) which designates Santa Clara...

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Gibson Brands – Files Fifth Amended Joint Plan of Reorganization, $445...

October 1, 2018 – Gibson Brands filed a Fifth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 842] and a related memorandum of law in support [Docket No. 850]. The Court documents and the...

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Toys “R” Us Inc. – Private Equity Owners Considering $20 million Severance...

October 1, 2018 – In a development first reported by the Wall Street Journal, two of the private equity owners of Toys “R” Us Inc. are considering a $20 million fund from which thousands of former...

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Toys “R” Us – Cancels IP Auction lled, Stakeholders Plan Relaunch of Toys “R”...

October 1, 2018 – Toys “R” Us notfied the Court aof its intention to cancel its scheduled intellectual property auction and contemplated new, operating Toys “R” Us and Babies “R” Us branding company...

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Gibson Brands – August M.O.R Reports Operating Income of $4.5 million on...

October 1, 2018 – Gibson Brands filed with the U.S. Bankruptcy Court a monthly operating report for August 2018 [Docket No. 862]. For the month, the consolidated Debtors reported operating income of...

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The Relay Company (f/k/a The Rockport Company) – August M.O.R. Reports...

October 2, 2018 – The Relay Company (f/k/a The Rockport Company) filed with the U.S. Bankruptcy Court a monthly operating report for August 2018 [Docket No. 530]. For the month, the the consolidated...

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Samuels Jewelers – Court Approves KEIP, KERP

October 2, 208 – The Court hearing the Samuels Jewelers case approved the Debtors’ Key Employee Incentive Plan (“the KEIP”) and Key Employee Retention Plan (“the KERP”) [Docket No. 291]. As previously...

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Toys “R” Us – August M.O.R. Notes Professional Fees Pass $300 million Mark

September 28, 2018 – Toys “R” Us filed with the U.S. Bankruptcy Court a monthly operating report for the period of August 5, 2018 to September 1, 2018 [Docket No. 5045]. For the period, the Company...

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iHeartMedia – August M.O.R. Reports $299.4 million in Revenue and $76.8...

October 1, 2018 – iHeartMedia filed with the U.S. Bankruptcy Court a monthly operating report for August 2018 [Docket No. 1533]. For the month, the Company reported operating income of $76.8 million...

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ActiveCare – Court Approves Sale of Debtor Assets To Telcare

October 2, 2018 – The Court hearing the ActiveCare case approved [Docket No.187] the (i) asset purchase agreement (“the APA”) between the Debtors and stalking horse bidder Telcare LLC (“Telcare” or...

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Toys “R” Us – Provides Further Detail on Sale of IP Rights to Secured...

October 2, 2018 – Geoffrey, LLC, Toys “R” Us, Inc.’s intellectual property holding company subsidiary, announced that it was proceeding with a proposal forward to sell substantially all of its assets...

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Gibson Brands – August M.O.R. Reports Operating Income of $4.5 million on...

October 1, 2018 – Gibson Brands filed with the U.S. Bankruptcy Court a monthly operating report for August 2018 [Docket No. 862]. For the month, the consolidated Debtors reported operating income of...

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Gibson Brands – Court Confirms Plan, Emergence Expected in Early November

October 2, 2018 – In a late afternoon hearing, the Court hearing the Gibson Brands case confirmed the Debtors’  Fifth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 842]. In a press...

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Samuels Jewelers – Court Appoints Examiner to Investigate Alleged Fraud...

October 3, 2018 – Further to the motions of Punjab National Bank and the U.S. Trustee, the Court hearing the Samuels Jewelers case issued an order directing the appointment of an examiner to conduct an...

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Aralez Pharmaceuticals US – Committee Objects to Deerfield Bid Protections,...

October 3, 2018 – Aralez Pharmaceuticals’ Official Committee of Unsecured creditors filed an objection [Docket No. 140] to the Debtors’ bid procedures Motion [Docket No. 113]. The Committee asserts,...

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Rex Energy Corporation – Files Revised Amended Plan of Liquidation and Plan...

October 3, 2018 – Rex Energy Corporation filed with the Court a Revised Amended Plan of Liquidation and a related blackline noting changes from the precedent version of the Plan [Docket No. 962]. The...

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