Orchids Paper Products Company – U.S. Trustee for Region 3 Continues Activist...
April 24, 2019 – The U.S. Trustee for Region 3 objected to the Debtors' bidding procedures motion, arguing that the proposed break-up and expense reimbursement fees "are not truly bid protections, but...
View ArticleTrident Holding Company – Unsecured Creditors Object to “Placeholder”...
April 24, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected [Docket No. 331] to the Debtors’ Disclosure Statement, arguing that it is woefully inadequate as to...
View ArticleTotal Finance Investment – Files Amended Plan and Disclosure Statement, Court...
April 25, 2019 – The Debtors filed a Revised First Amended Plan and a related Disclosure Statement [Docket Nos. 348 and 349], each of which include redlines showing changes from versions of the...
View ArticlePHI, Inc. – Objects to Creditors Committee’s Request to Adjourn Disclosure...
April 25, 2019 – The Debtors objected [Docket No. 337] to a motion filed by the their Official Committee of Unsecured Creditors' (the "Committee," joined in objecting by Delaware Trust Company as...
View ArticleSpecialty Retail Shops Holding Corp – Creditors Feel the Administrative Burn...
April 25, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) filed a motion to requesting conversion of the Debtors' Chapter 11 cases to cases under Chapter 7 [Docket No....
View ArticleSynergy Pharmaceuticals – Court Confirms Modified Fourth Amended Plan as...
April 25, 2019 – The Court hearing the Synergy Pharmaceuticals case issued an order confirming [Docket No. 713] the Debtors' modified Fourth Amended Plan [Docket No. 712]. On December 12, 2018, Synergy...
View ArticleOak Point Partners, LLC acquires remnant assets of Vitamin World, Inc.
August 7, 2018 – Oak Point Partners acquired the remnant assets of Vitamin World, Inc. and its related entities (Vitamin World) in August 2018. On September 11, 2017, Vitamin World and its affiliates...
View ArticleSizmek, Inc. – Court Approves Private Sale to Zeta Global Holdings for...
April 29, 2019 – The Court hearing the Sizmek case issued an order (i) authorizing the Debtors' private sale of the their Demand-Side Platform (“DSP”) and Data Management Platform (”DMP”) assets to...
View ArticlePG&E Corporation – Court Approves $350.0mn (Maximum) Short-Term Incentive...
April 29, 2019 – The Court hearing the PG&E Corporation case issued an order approving the Debtors’ Short-Term Incentive Plan as modified by the Debtors further to a Court hearing held on April 23,...
View ArticleTrident Holding Company – Files Amended Plan and Disclosure Statement, First...
April 29, 2019 – The Debtors filed an Amended Plan and a related Disclosure Statement [Docket Nos. 246 and 347]; each of which included redlines showing changes from versions of those documents filed...
View ArticleVanguard Natural Resources – Court Authorizes Access to $130mn in DIP...
April 30, 2019 – The Court hearing the Vanguard Natural Resources cases issued an order authorizing the Debtors to (i) access $130.0mn in debtor-in-possession (“DIP”) financing on a final basis,...
View ArticleEXCO Resources – Oaktree Slams Disclosure Statement, Citing “Non-Existent”...
April 30, 2019 – Oaktree Capital Management, L.P., on behalf of itself and certain of its managed funds and accounts (collectively, “Oaktree”), objected [Docket No. 1883] to the Debtors, Disclosure...
View ArticleKona Grill, Inc. – Unhappy Hour as Themed Restaurant Chain Files Chapter 11,...
May 1, 2019 − Kona Grill, Inc. and eight affiliated Debtors (“Kona Grill” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
View ArticleAralez Pharmaceuticals – Creditors Committee Objects to Sale of Assets to...
May 2, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected [Docket No. 665] to the Debtors' proposed sales of its Toprol-XL assets and its Vimovo assets to...
View ArticleSungard Availability Services Capital, Inc. – Seeks $100mn in DIP Financing,...
May 1, 2019 – The Debtors requested Court authority to (i) access $100mn in debtor-in-possession (“DIP”) financing, $50mn on an interim basis, and (ii) use of cash collateral [Docket No. 5]. The motion...
View ArticleSungard Availability Services Capital, Inc. – Move Over Fullbeauty, Plan...
May 2, 2019 – Just after 9pm on May 1st (21:04:47 to be exact), the Court hearing the Sungard Availability Services Capital cases acknowledged receipt of the lead Debtor's lead Chapter 11 Petition....
View ArticleSungard Availability Services Capital – Notifies Court of May 3, 2019 Plan...
May 3, 2019 – The Debtors notified the Court hearing the Sungard Availability Services Capital cases that their prepackaged Chapter 11 Plan had become effective as from May 3, 2019 [Docket No. 50]. The...
View ArticleJones Energy – Court Confirms Plan, Debtors Expect to Emerge May 17 Having...
May 6, 2019 – The Court hearing the Jones Energy case issued an order [Docket No. 180] approving the Debtors' Disclosure Statement and confirming their Joint Chapter 11 Plan of Reorganization [Docket...
View ArticleHospital Acquistion LLC – Acute Care Hospital Operator Files Chapter 11,...
May 6, 2019 − Privately-held Hospital Acquisition LLC and 25 affiliated Debtors (trading as Lifecare Health Partners, "LifeCare" or the "Debtors") filed for Chapter 11 protection with the U.S....
View ArticleAstria Health – Lenders Object Vigorously to Proposed DIP Financing, Citing...
May 7, 2019 – UMB Bank, N.A., as indenture trustee in respect of the Debtors’ bonds issued in November 2017 ($36.7mn outstanding as at Petition date), and Lapis Advisers, LP, as agent under the...
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