Aceto Corporation U.S. Trustee Objects to Proposed KEIP and KERP (and Related...
April 3, 2019 – The U.S. Trustee assigned to the Aceto Corporation cases has objected to (i) the Debtors' request for approval of a key employee investment plan (the "KEIP") and a key employee...
View ArticleFirstEnergy Solutions – Judge Refuses to Approve Disclosure Statement, Sides...
April 4, 2019 – The Court hearing the FirstEnergy Solutions Corp ("FES") cases issued an oral ruling refusing to approve the adequacy of the Debtors' Disclosure Statement [Docket No. 2121]. In holding...
View ArticlePHI, Inc. – U.S. Trustee for Region 6 Objects to Retention of Prime Clerk as...
April 5, 2019 – The U.S. Trustee for Region 6 objected [Docket No. 178] to the Debtors’ retention of Prime Clerk ("Prime") as the Debtors' claims, noticing and solicitation agent [Docket No. 8],...
View ArticleFirstEnergy Solutions – Court Refuses to Approve Disclosure Statement, Cites...
April 11, 2019 – The Court hearing the FirstEnergy Solutions Corp ("FES") cases issued an order denying the Debtors' motion requesting approval of their Disclosure Statement [Docket No. 2500]. The...
View ArticleJones Energy – Files Plan and Disclosure Statement for $1.0bn Prepackaged...
April 15, 2019 – The Debtors (i) filed prepackaged Plan and a related Disclosure Statement [Docket Nos. 20 and 19, respectively] and (ii) scheduled a May 6, 2019 combined hearing to approve the...
View ArticleSears Holdings Corporation – Requests Exclusivity Extension, Citing Spat with...
April 12, 2019 – Sears Holdings Corporation filed a motion to extend the periods (for a second time) during which the Company has an exclusive right to file a Chapter 11 Plan, and solicit acceptances...
View ArticleAceto Corporation – Court Authorizes $411mn Sale of Chemical Plus Business to...
April 16, 2019 – Further to a bidding procedures order [Docket No. 142] and an auction held on April 12, 2019, the Court hearing the Aceto Corporation cases issued an order [Docket No. 429] approving...
View ArticleDecor Holdings – Court Approves Disclosure Statement for Second Amended Plan...
April 16, 2019 – Further to the Debtors’ March 15, 2019 motion [Docket No. 148], the Court hearing the Decor Holdings cases issued an order (ii) approving the adequacy of the Debtors’ Disclosure...
View ArticleSears Holdings Corporation – Files Plan and Disclosure Statement, Aims for...
April 17, 2019 – The Debtors filed a Chapter 11 Plan, a related Disclosure Statement and a motion requesting the Court's approval of the Disclosure Statement [Docket Nos. 3275, 3276 and 3277,...
View ArticleGymboree Group – Seeks Extension of Exclusive Plan Filing Period Until July...
April 17, 2019 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including July 16,...
View ArticleSears Holdings Corporation – Accuses Lampert, ESL, Fairholme, Seritage and...
April 17, 2019 – The Debtors, acting at the direction of the Restructuring Sub-Committee (“Subcommittee”) of the Restructuring Committee of the Board of Directors (“Board”) of Sears, filed an adversary...
View ArticleWestmoreland Coal Company – Court Approves Settlement between U.S. Trustee...
April 18, 2019 – The Court hearing the Westmoreland Coal Company cases issued an order [Docket No. 1763] approving a $15.0mn settlement reached between the U.S. Trustee Program (the "USTP") and...
View ArticleCTI Foods – Court Approves Disclosure Statement and Confirms Joint...
April 18, 2019 – The Court hearing the CTI Foods cases confirmed the Debtors' Joint Prepackaged Chapter 11 Plan and Disclosure Statement [Docket No. 177]. On March 11, 2019, CTI Foods, LLC and its...
View ArticleDiesel USA – Court Confirms First Amended Chapter 11 Plan
April 12, 2019 – The Court hearing the Diesel USA cases confirmed the Debtors' First Amended Joint Chapter 11 Plan of Reorganization and Disclosure Statement [Docket No. 116]. On March 5, 2019, Diesel...
View ArticleFirstEnergy Solutions – Files Amended Plan and Disclosure Statement to...
April 18, 2019 – The Debtors filed a Fourth Amended Plan and a related Disclosure Statement [Docket Nos. 2529 and 2530]. The Debtors also filed redlines of these documents showing changes from the...
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Bankruptcy Data Industry Best Awards
The winners of our the Bankruptcy Data Industry Best rankings for 2018 received their awards last week at the American Bankruptcy Institute's annual meeting in DC. In a ceremony during the Friday...
View ArticleSears Holdings Corporation – Court Approves Appointment of Independent Fee...
April 22, 2019 – The Court hearing the Sears Holdings Corporation case issued an order approving the appointment of Paul E. Harner as independent fee examiner [Docket No. 3307]. Fees to date in the...
View ArticleFuse, LLC – Youth Entertainment Brand Files Prepackaged Chapter 11, Expects...
April 22, 2019 − Fuse, LLC and eight affiliated Debtors (“Fuse” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-10872....
View ArticleWMC Mortgage – Seeks $25.0mn in DIP Financing From Parent GECUSH, $1.8mn on...
April 23, 2019 – The Debtor requested Court authority to (i) access $25.0mn in debtor-in-possession (“DIP”) financing, ($1.8mn on an interim basis) to be provided by GE Capital US Holdings, Inc....
View ArticleWMC Mortgage LLC – Further to $1.5bn Settlement with DOJ, GE Looks to Draw...
April 23, 2019 − WMC Mortgage LLC ("WMC" or the "Debtor") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-10879. The Company, an...
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