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Dura Automotive Systems, LLC – Court Approves Bidding Procedures, Now Absent...

November 19, 2019 – The Court hearing the Dura Automotive Systems cases issued an order (i) approving bidding procedures in respect of a sale of substantially all the Debtors’ assets, including in...

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GCX Limited – Plan Supplement Includes Liquidation Analysis (Detailing...

GCX Limited – Plan Supplement Includes Liquidation Analysis, Financial Projections, and Details of the New Board November 20, 2019 – The Debtors filed a Plan Supplement to their Joint Pre-Packaged...

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Murray Energy Holding Co. – Agent for Debtors’ 2015 Term Loans Cries Foul;...

November 20, 2019 – Black Diamond Commercial Finance ("BDCF"), as Administrative Agent for the Debtors' 2015 term loans (the "Term Loans," $51.0mn outstanding as at Petition date), filed a complaint...

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NORPAC Foods, Inc. – Court Grants CoBank’s Request to Lift Automatic Stay;...

November 20, 2019 – At a continued hearing relating to a motion filed by CoBank, ACB, as Administrative Agent and Lender (“CoBank”), Judge Peter C. McKittrick issued an order (to be redrafted by...

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Bumble Bee Parent, Inc. – Leading Seafood Provider Files Chapter 11; Taiwan’s...

November 21, 2019− Bumble Bee Parent, Inc. and four affiliated Debtors (“Bumble Bee” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead...

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RAIT Funding, LLC – Ad Hoc Committee of Equity Holders Requests Termination...

November 21, 2019 – The Debtors Ad Hoc Committee of Holders of Preferred Equity (the “Ad Hoc Committee”) filed a motion seeking to terminate the Debtors' exclusive Plan filing and solicitation periods...

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Avenue Stores, LLC – Creditors’ Committee Climbs onto Chapter 7 Conversion...

November 18, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) filed an emergency motion seeking conversion of the Debtors’ Chapter 11 cases to cases under Chapter 7...

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Barneys New York, Inc. – Court Approves Long Extension of Liquidation Sales...

November 26, 2019 – The Court hearing the Barneys New York cases has extended the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof,...

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Bumble Bee Parent, Inc. – Interim DIP Financing Order Provides for $40mn New...

November 25, 2019 – The Court hearing the Bumble Bee Parent cases issued an order authorizing the Debtors to (i) access $240.0mn of debtor-in-possession (“DIP”) financing and (ii) use cash collateral...

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Weatherford International plc – Court Approves Exit Facility Commitment...

November 12, 2019 – The Court hearing the Weatherford International cases has authorized the Debtors to enter into (i) a November 11, 2019 commitment letter and (ii) a series of fee letters; in each...

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GCX Limited – Files Modified Plan, Voting Results and Exit Financing...

December 2, 2019 – The Debtors filed a Modified Joint Prepackaged Chapter 11 Plan and a related blackline showing changes from the version of the Plan filed on September 15, 2019 [Docket Nos. 169 and...

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Highland Capital Management, L.P. – Delaware Bankruptcy Court Agrees with...

December 2, 2019 – Further to the November 1st motion of the Debtor's official committee of unsecured creditors (the “Committee”), the Delaware Court hearing the Highland Capital Management, L.P. case...

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Destination Maternity Corporation – Court Approves Stalking Horse Marquee and...

December 3, 2019 – Further to a settlement reached during a Court recess, an objection filed by the Debtors' Official Committee of Unsecured Creditors (the “Committee”) to the selection of Marquee...

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Marshall Broadcasting Group, Inc. – Minority Owned Broadcaster Files Chapter...

December 3, 2019 − Privately held Marshall Broadcasting Group, Inc. (“MBG” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case...

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Astria Health – The (Non-Extension) Extension: Court Grants Second...

December 5, 2019 – The Court hearing the Astria Health cases has extended (for a second time) the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit...

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Sanchez Energy Corporation – Unsecured Noteholders and Creditors Committee...

December 5, 2019 – An ad hoc group of holders of the Debtors unsecured notes (the “Ad Hoc Group”) and the Debtors' Official Committee of Unsecured Creditors (the “Committee”) have each objected to the...

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Meade Instruments Corp. – Leading Telescope Manufacturer and Importer Files...

December 4, 2019 − Meade Instruments Corp. and one affiliated Debtor, Sunny Optics Inc. (together, “Meade” or the “Debtors”), filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...

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PG&E Corporation – $13.5bn Settlement Agreement with Committee of Tort...

December 6, 2019 – The Debtors announced that they have reached a $13.5bn settlement with the Official Committee of Tort Claimants (the "TCC") and with representatives of individuals with claims...

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PG&E Corporation – Seeks Authority for $13.5bn Settlement of Individual...

December 9, 2019 – The Debtors filed a motion [Docket No. 5038] seeking authority to enter into a December 6th restructuring support agreement (the “Tort Claimants RSA”) that resolves the treatment and...

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Barneys New York, Inc. – Revised Disclosure Statement Highlights Risks Facing...

December 9, 2019 – The Debtors filed their first Amended Disclosure Statement with an attached redline [Docket No. 579] showing changes to the version of the document filed on November 15, 2019. The...

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