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Things Remembered – Cancels Auction and Designates Stalking Horse Enesco (and...

March 1, 2019 − Further to the terms of a bidding procedures order dated February 21, 2019 [Docket No. 150], the Debtors notified the Court that they (i) had not received any bids other than the...

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Synergy Pharmaceuticals – Court Approves $200mn Sale of of Debtors’ Assets to...

March 1, 2019 – The Court hearing the Synergy Pharmaceuticals case issued an order [Docket No. 484] approving (i) the sale of substantially all of the Debtors' assets (the "Acquired Assets") to Bausch...

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Magnum Construction Management, LLC – Builder of Collapsed Miami Bridge Files...

March 4, 2019 − Magnum Construction Management (f/k/a Munilla Construction Management, “MCM” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...

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Stretto Announces Acquisition of Legal Technology Services Provider CINgroup®

March 1, 2019 – Stretto, a market-leading bankruptcy-technology firm serving the corporate-restructuring and consumer-bankruptcy industries, has acquired CINgroup® and its Best Case®...

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Gymboree Group – Court Approves $35mn Sale of Janie & Jack Assets to The GAP...

March 4, 2019 – The Court hearing the Gymboree Group cases issued a pair of orders approving (i) the sale of assets related to the Debtors' Janie and Jack® business to The Gap, Inc. (the “JJ Successful...

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Diesel USA Inc. – U.S. Subsidiary of Iconic Denim Brand Files Chapter 11,...

March 5, 2019 − Diesel USA Inc. ("Diesel USA" or the "Company") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-10432. The Company, a...

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Diesel USA Inc. – Files Plan and Disclosure Statement as It looks to...

March 5, 2019 – Diesel USA filed for Chapter 11 of Reorganization [Docket No. 28] and related Disclosure Statement [Docket No. 29]. As the Debtor makes clear as to a Plan where there are no impaired...

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Synergy Pharmaceuticals – Creditors Committee Objects to Appointment of...

March 5, 2019 – The Debtors’ Official Committee of Unsecured Creditors (the “Creditors Committee”) objected to the Debtors’ motion for (i) the appointment of an independent director (the “Investigation...

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Quinn Emanuel Adds Pair of Partners to Restructuring Teams in Houston and New...

March 5, 2019 − Quinn Emanuel Urquhart & Sullivan has added restructuring partners Patricia (“Patty”) Tomasco to its Houston office and Deborah Newman to it New York office. Ms. Tomasco, who joins...

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Charlotte Russe Holding – SB360 Capital Partners Named as Successful Bidder...

March 5, 2019 – The Debtors notified [Docket No. 294] the Court that further to an existing bidding procedures order [Docket No. 199], the Debtors had selected SB360 Capital Partner, LLC (“SB360”) as...

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Ditech Holding Corporation – Files Chapter 11 Plan and Related Disclosure...

March 6, 2019 – The Debtors filed (i) a Joint Chapter 11 Plan, (ii) a related Disclosure Statement and (iii) a scheduling motion [Docket Nos. 145,146 and 147, respectively]. Plan Summary The Disclosure...

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Parker Drilling Company – Court Confirms Amended Joint Plan of Reorganization

March 5, 2019 – The Court hearing the Parker Drilling Company cases confirmed the Debtors' Amended Joint Plan of Reorganization. On November 12, 2018, Parker Drilling Company and 19 affiliated Debtors...

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Westmoreland Coal Company – U.S. Trustee and McKinsey Embrace Isgur Mediation...

March 8, 2019 – Each of (i) McKinsey Recovery and Transformtion Services ("McKinsey") and (ii) Mar-Bow Value Partners, LLC and Jay Alix (collectively, "Mar-Bow") have responded to the "Mediator's...

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PG&E Corporation – Tort Claimants Committee Objects to DIP Financing, Citing...

March 8, 2019 – The Debtors’ Official Committee of Tort Claimants (the “Committee”) objected to the Debtors’ proposed debtor-in-possession (“DIP”) financing motion [Docket No. 23]. The objection...

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CTI Foods, LLC – Files Prepackaged Chapter 11, Looks to Shed $400mn in Debt

March 11, 2019 − CTI Foods, LLC and 17 affiliated Debtors ("CTI Foods" or the "Company") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...

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White Eagle Asset Portfolio – Files Plan and Disclosure Statement, Looks to...

March 13, 2019 – The Debtors filed a Plan and a related Disclosure Statement [Docket Nos. 165 and 166]. This is an unusual Plan in that the Debtors insist that there are no impaired classes (although...

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BeavEx Holding Corporation – Court Approves Bidding Procedures, Bid...

March 14, 2019 – The Court hearing the BeavEx Holding Corporation case issued an order [Docket No. 151] authorizing (i) the Debtors’ proposed bidding procedures in respect of a potential section 363...

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LBI Media – Trustee USBNA Continues to Voice the Deep Dissatisfaction of...

March 14, 2019 – The U.S. Bank National Association (“USBNA”), in its capacity as trustee in respect of certain of the Debtors' notes included in classes 4 and 5 of the Debtors’ Plan, filed a pair of...

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PHI, Inc. – Helicopter Services Company Files Chapter 11 to Avoid Looming...

March 14, 2019 − At 11:45pm (moments before a March 15, 2019 maturity date in respect of $500mn in unsecured senior notes) PGI, Inc. and four affiliated Debtors (“PHI” or the “Company”) filed for...

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Synergy Pharmaceuticals – U.S. Trustee Joins Chorus of Objections to Equity...

March 15, 2019 – The U.S. Trustee assigned to Synergy Pharmaceuticals cases objected to the retention of Houlihan Lokey Capital, Inc. (“Houlihan”) as financial advisor and investment banker to the...

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