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...
View ArticleMurray 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...
View ArticleNORPAC 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...
View ArticleRAIT 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...
View ArticleAvenue 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...
View ArticleBarneys 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,...
View ArticleBumble 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...
View ArticleWeatherford 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...
View ArticleHighland 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...
View ArticleDestination 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...
View ArticleMarshall 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...
View ArticleAstria 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...
View ArticleSanchez 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...
View ArticleMeade 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...
View ArticlePG&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...
View ArticlePG&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...
View ArticleBarneys 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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