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Toys “R” Us – Seeks Court Approval of Comprehensive Intercompany Settlement...

December 11, 2018 – Toys “R” Us requested Court approval of a settlement agreement, dated December 11, 2018, amongst (i) the Debtors, (ii) Toys (Labuan) Holding Limited (the “Asia JV”), (iii) the TRU...

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Oak Point Partners, LLC acquires remnant assets of the KSL Media, Inc., et...

September 10, 2018 – Oak Point Partners acquired the remnant assets of the KSL Media, Inc., et al. Bankruptcy Estates (KSL Media) in July 2018. On September 11, 2013, KSL Media and its affiliates filed...

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Oak Point Partners, LLC acquires remnant assets of the Waterford Wedgwood...

November 10, 2017 – Oak Point Partners acquired the remnant assets of the Waterford Wedgwood USA, Inc., et al. Bankruptcy Estates (Waterford Wedgwood) in November 2017. Between April 23, 2009 and April...

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Synergy Pharmaceuticals – Seeks Approval of Bidding Procedure, Sale of...

December 12, 2018 – Synergy Pharmaceuticals filed a motion requesting Court approval of (i) proposed bidding procedures and (ii) a stalking horse agreement (the “Stalking Horse Agreement”) with Bausch...

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Synergy Pharmaceuticals – Seeks Authorization for $155mn in DIP Loan Financing

December 12, 2018 – Synergy Pharmaceuticals requested Court authority to enter into a $115 million debtor-in-possession (“DIP”) loan arrangement [Docket No. 15].    The motion states, “In the weeks...

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Toys “R” Us – Taj Debtors and Tru Inc. Debtors File Third Amended Plan

December 12, 2018 – The Taj Debtors and the TRU Inc. Debtors filed a Third Amended Joint Chapter 11 Plan and a related blackline  [Docket No. 5940] reflecting substantial, cumulative changes from the...

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Mission Coal Company – Union Objects “Incredulously” to Proposed KEIP and...

December 12, 2018 – The United Mine Workers of America objected [Document No. 417] to the Debtors’ proposed Key Employee Incentive Plan (the “KEIP”) and Key Employee Retention Plan (the “KERP”)...

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Parker Drilling Company – Files Plan and Disclosure Statement, Sees “Unique...

December 12, 2018 – Parker Drilling filed a Joint Chapter 11 Plan [Docket No. 17] and related Disclosure Statement [Docket No. 21].  The Disclosure Statement provides the following overview of the...

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Checkout Holding – Seeks Authorization for $275mn in DIP Financing (Including...

December 12, 2018 – Checkout Holding requested Court authority enter into a multiple-draw super-priority senior secured term debtor-in-possession (“DIP”) loan facility in an aggregate principal amount...

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Orianna Health Systems – Unsecured Creditors Worry that Omega is Walking Back...

December 13, 2018 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) requested an urgent Court hearing to be held on December 18, 2018 in order to clarify that a guaranteed $8mn...

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Sears Holdings – Trade Vendor Objects to DIP Financing, Expresses Concerns...

December 13, 2018 – Mien Co. Ltd (“Mien”) objected to the Debtors’ request to obtain debtor-in-possession (“DIP”) financing [Docket No. 1202]. The objection states, “There is little doubt that the...

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Synergy Pharmaceuticals – Court Approves $45mn in Interim DIP Financing

December 13, 2018 – The Court hearing the Synergy Pharmaceuticals case issued an interim order authorizing the Debtor to (i) enter into the debtor-in-possession (“DIP”) financing arrangements described...

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Parker Drilling Company – Court Approves Access to $50mn in DIP Financing,...

December 13, 2018 – The Court hearing the Parker Drilling case approved [Docket No. 80] the Debtors’ $50.0mn superpriority asset-based revolving credit facility (the “DIP Credit Facility”) provided by...

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Relativity Media – Debtors and Unsecured Creditors File Second Joint...

December 13, 2018 – Relativity Media and its Official Committee of Unsecured Creditors filed a Joint Liquidating Plan [Docket No. 633] and related Disclosure Statement [Docket No. 634]. The Disclosure...

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David’s Bridal – Oaktree, Courage Capital, AlbaCore and Deutsche Bank Want...

December 14, 2018 – Oaktree Capital Management, Courage Capital Management,  AlbaCore Capital LLP, and Deutsche Bank AG Cayman Islands Branch (collectively, the “Objecting Parties”) objected to...

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Westmoreland Coal Company – Files Amended Plan and Disclosure Statement

December 14, 2018 – Westmoreland Coal Company filed a Joint Chapter 11 Plan [Docket No. 788] and related Disclosure Statement [Docket No. 789] with blacklines to show changes from the versions filed on...

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Hooper Holmes – Files Joint Plan and Disclosure Statement, General Unsecured...

December 14, 2018 – Hooper Holmes filed a Joint Plan of Liquidation [Docket No. 292] and Disclosure Statement [Docket No. 293]. The Disclosure Statement notes, “The Plan provides that a Liquidating...

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Westmoreland Coal Company – UMWA Objects to Valued Employee Program, Accuses...

December 14, 2018 – The United Mine Workers of America (“UMWA”) objected to the Debtors’ proposed “Valued Employee Program” [Docket No. 779].    The objection states, “The retention program handsomely...

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NORDAM Group – Files Amended Plan and Disclosure Statement

December 17, 2018 – The NORDAM Group filed an Amended Joint Postpackaged Chapter 11 Plan [Docket No. 780] and a related Disclosure Statement [Docket No. 781]. The Debtors also requested that the Court...

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Toys “R” Us – Court Confirms Plan of TAJ and TRU Inc. Debtors Following...

December 17, 2018 – The Court hearing the Toys “R” Us, Inc. case confirmed the Chapter 11 Plan of affiliate Debtors Taj and TRU Inc. [Docket No. 5979]. This follows on the heels of a comprehensive...

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