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Sears Holdings Corporation – ESL Claims “Litany of Breaches” of APA, Seeks...

May 25, 2019 – Transform Holdco ("Transform," owned by ESL Investments, Inc.) filed a complaint against the Debtors [Docket No. 4033] listing a "litany of breaches" of the January 17, 2019 asset...

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White Star Petroleum Holdings – Seeks $28.5mn in DIP Financing From First...

May 28, 2019 – The Debtors requested Court authority to (i) access $28.5mn in debtor-in-possession (“DIP”) financing ($15.0mn on an interim basis) to be provided by certain of the Debtors' prepetition...

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Sears Holdings Corporation – Files Major Rewrite of Plan and Disclosure...

May 28, 2019 – The Debtors filed a Second Amended Plan and a related Disclosure Statement [Docket Nos. 4041 and 4042] and further filed redlines of each document showing changes from versions filed on...

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Specialty Retail Shops Holding – Judge Sides with McKesson on Third Party...

May 29, 2019 – “Good luck guys.” With that Judge Thomas Saladino ended day two of the Debtors’ Plan confirmation hearing and left a stunned gathering of advisors to digest his refusal to confirm the...

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PHI, Inc. – U.S. Trustee Objects to Disclosure Statement as Release and...

May 30, 2019 – The U.S. Trustee assigned to the PHI, Inc. cases objected [Docket No. 576] to the Debtors' Disclosure Statement, raising concerns about "impermissible release and exculpation provisions"...

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Hexion Holdings – Seeks Authority for Commitment and Engagement Letters in...

May 30, 2019 – The Debtors filed a motion requesting authority to enter into each of: (i) a commitment letter (the "Commitment Letter") in respect of a new $350.0mn ABL credit facility, (ii) an...

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FTD Companies, Inc. – Iconic Floral Delivery Company Files Chapter 11,...

June 3, 2019 – Publicly traded FTD Companies, Inc. (NASDAQ: FTD) and 14 affiliated Debtors (“FTD” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...

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Oak Point Partners, LLC acquires remnant assets of the MPC Plan Trust of the...

November 27, 2018 – Oak Point Partners acquired the remnant assets of the MPC Plan Trust of the Mississippi Phosphates Corporation, et al., Bankruptcy Estates in November 2018. On October 27, 2014,...

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Specialty Retail Shops Holding Corp – Further to Plan Rejection, Files...

May 31, 2019 – Further to the Court's May 29th refusal to confirm the Debtors' Plan, the Debtors have now filed a Third Amended Plan and a motion requesting confirmation of that Plan [Docket No. 1495...

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Fusion Connect, Inc. – Over-acquisitive, Under-performing Cloud Services...

June 3, 2019 − Fusion Connect, Inc. and 18 affiliated Debtors ("Fusion" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case...

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PHI, Inc. – Equity Committee Objects to Debtors’ Disclosure Statement,...

June 3, 2019 – The Debtors' Official Committee of Equity Security Holders (the “Equity Committee”) objected viscerally [Docket No. 605] to the Debtors’ Disclosure Statement, citing numerous structural...

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O’BENCO IV LP – Texas E&P Investment Vehicle Files Chapter 11 Ahead of...

June 4, 2019 − O'BENCO IV LP ("O'BENCO" or the "Debtor") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Texas, lead case number 19-60384. The Company, a...

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New Cotai Holdings – PIK Noteholders Fire New Salvo in Silver Point “War”,...

June 4, 2019 – An ad hoc group (the “Ad Hoc Group”) of unaffiliated holders of the Debtors’ 10.625% Senior Pay-In-Kind Notes due 2019 (the “Notes”) objected [Docket No. 71] to the Debtors' motion...

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FTD Companies – Seeks $94.5mn in DIP Financing, $42.0mn on an Interim Basis,...

June 3, 2019 – The Debtors requested Court authority to (i) access $94.5mn in debtor-in-possession (“DIP”) financing ($42.0mn on an interim basis) and (ii) use cash collateral [Docket No. 19]. $27.5mn...

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Westmoreland Coal Company – Court Approves $300.0mn Credit Bid Sale of...

June 5, 2019 – The Court hearing the Westmoreland Coal Company case issued an order authorizing the Debtors to (i) enter into an asset purchase agreement (the "Credit Bid APA") with Kemmerer Operators,...

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Westmoreland Coal Company – Court Approves Disclosure Statement and Confirms...

June 5, 2019 – The Court hearing the Westmoreland Coal Company cases issued an order approving the WMLP Debtors' Disclosure Statement and confirming the Debtors' Amended Joint Plan of Liquidation for...

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PHI, Inc. – Announces Comprehensive Settlement Agreement with Creditors...

June 6, 2019 – Further to Court ordered mediation efforts led by Judge David R. Jones, the Debtors have announced a settlement with their Official Committee of Unsecured Creditors (“the UCC”) and...

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FTD Companies – Seek Approval for Bidding Procedures to Cover Range of...

June 6, 2019 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order. The bidding procedures order would authorize the Debtors' to (i) adopt proposed bidding...

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Oak Point Partners, LLC acquires remnant assets of the LaSalle Health...

December 6, 2018 – Oak Point Partners acquired the remnant assets of the LaSalle Health Service, Inc. Bankruptcy Estate in December 2018. On July 29, 2015, LaSalle Health filed a voluntary petition...

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INSYS Therapeutics, Inc. – Fentanyl Manufacturer Chased into Chapter 11 as...

June 10, 2019 − INSYS Therapeutics, Inc. (f/k/a Neopharm Inc.) and six affiliated Debtors ("INSYS" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...

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