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BeavEx Holding Corporation – Seeks KEIP for 2 Senior Executives Based on...

February 20, 2019 – The Debtors requested Court approval of a key employee incentive plan (the “KEIP”) for two senior executives [Docket No. 36]. The motion states, “The Debtors have identified two (2)...

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PG&E Corporation – Public Entities Object to DIP Financing, Citing Issues...

February 20, 2019 – A group of representative governmental bodies of communities that were impacted by the 2017 Northern California Wildfires and the 2018 Camp Fire (the “Public Entities”) objected...

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Parker Drilling Company – Barings Seeks Appointment of Examiner, Accuses...

February 20, 2019 – Barings LLC (“Barings”) filed an emergency motion seeking the appointment of an examiner to investigate the Debtors’ Plan and a Plan process it believes "has been improperly usurped...

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Synergy Pharmaceuticals – Seeks to Head Off Challenges to Plan with...

February 19, 2019 – The Debtors requested Court authority to appoint Joseph Farnan to the Debtors’ Board of Directors as an independent director nunc pro tunc (effective from February 13, 2019) and to...

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Verity Health System – Court Approves Bidding Procedures, Bid Protections and...

February 19, 2019 – The Court hearing the Verity Health System case issued an order [Docket No. 1572] approving (i) proposed bidding procedures for a sale of substantially all of the Debtors’ assets...

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Payless Holdings – Seeks $25mn in DIP Financing, $17mn on Interim Basis, to...

February 22, 2019 – The Debtors requested Court authority to access $25mn in debtor-in-possession (“DIP”) financing, $17mn on an interim basis; with the financing to be used to purchase augmentation...

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Aceto Corporation – Files Bidding Procedures Motion, Including Bid...

February 18, 2019 – The Debtors requested that the Court hearing the Aceto Corporation case issue both a bidding procedures order and a sale order. The bidding procedures order would authorize (i) the...

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Windstream Holdings, Inc. – Files Chapter 11, Cites Predatory Use of Credit...

February 25, 2019 − Windstream Holdings and more than 200 affiliated Debtors (NASDAQ: WIN; “Windstream” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...

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Payless Holdings – Court Approves $21mn in Interim DIP Financing

February 25, 2019 – The Court hearing the Payless Holdings case issued an order authorizing the Debtors to access $21mn in interim debtor-in-possession (“DIP”) financing; $17mn of which is available...

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Innovative Mattress Solutions – Court Approves Bidding Procedures, Bid...

February 25, 2019 – The Court hearing the Innovative Mattress Solutions case issued an order [Docket No. 334] approving (i) bidding procedures in respect of the sale of substantially all of the...

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Samuels Jewelers – Court Approves Sale of Assets to Wells Fargo for $16mn...

February 25, 2019 – The Court hearing the Samuels Jewelers case issued a final order [Docket No. 688] approving the sale of the Debtors’ assets further to an asset purchase agreement (the “Credit Bid...

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Nine West Holdings – Court Confirms Third Amended Joint Plan as Bitterly...

February 25, 2019 – Further to a scheduled hearing, the Court hearing the Nine West Holdings case confirmed the Debtors' Third Amended Joint Plan of Reorganization ending a lengthy and often...

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Orion Healthcorp – Court Confirms Third Amended Joint Plan of Liquidation

February 26, 2019 – The Court hearing the Orion Healthcorp case confirmed the Debtors' Third Amended Joint Plan of Liquidation [Docket No. 701]. On March 16, 2018, Orion Healthcare and 20 affiliated...

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Specialty Retail Shops Holding Corp. (Shopko Stores) – Creditors Committee...

February 26, 2019 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ request for Court approval of the adequacy of the Debtors’ Disclosure Statement...

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Synergy Pharmaceuticals – Court Approves DIP Financing on Final Basis,...

February 26, 2019 – The Court hearing the Synergy Pharmaceuticals case issued a final order [Docket No. 454] authorizing the Debtors to access debtor-in-possession (“DIP”) financing of $159.1mn (the...

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Windstream Holdings, Inc. – Gets Go Ahead for $1bn in DIP Financing, $400mn...

February 26, 2019 – The Debtors filed an amended motion seeking authority (i) to access $1bn in debtor-in-possession ("DIP") financing, with $400mn of that financing to be available on an interim...

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Gymboree Group – Postpones Auction for Second Time as Interest in Janie &...

February 26, 2019 – The Debtors notified the Court that they had postponed until February 28, 2019 the auction initially scheduled for February 25, 2109 [Docket No. 409]. This is the second such...

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Synergy Pharmaceuticals – Plan Filed

February 28, 2019 – The Debtors filed a second Amended Plan and a related Disclosure Statement [Docket Nos. 474 and 476] and also filed redlines of those documents showing changed from versions filed...

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Weatherly Oil & Gas, LLC – Oil and Gas Acquisition and Exploration Company...

February 28, 2019 − Privately-held Weatherly Oil & Gas, LLC (f/k/a SND-Vortus LP, “Weatherly” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...

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Gymboree Group – Auction Nets $111mn with The GAP and Children’s Place, Inc....

March 2, 2019 − Further to the terms of a bidding procedures order dated January 17, 2019 [Docket No. 76], the Debtors (i) notified the Court of the results of its March 1, 2019 auction and (ii) filed...

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