GWG Holdings, Inc. – Court Allows Fourth Extension of Exclusive Plan Filing...
December 1, 2022 – The Court hearing the GWG Holdings cases has extended (for a fourth time) the periods during which the Initial Debtors (the DLP Debtors joining the Initial Debtors in bankruptcy on...
View ArticleCalPlant I Holdco, LLC – Court Grants Third (Lengthy) Set of Exclusivity...
December 2, 2022 – The Court hearing the CalPlant I Holdco cases has extended (for a third time) the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit...
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Winc, Inc. – Direct-to-Consumer Wine Specialist Seeks Approval of $5mn of New...
December 2, 2022 – The Debtors requested Court authority to: (i) access $5.0mn in new money, debtor-in-possession (“DIP”) financing, including $2.0mn on an interim basis, to be provided by Project...
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Northwest Senior Housing Corporation – Further to Settlement Amongst Debtors...
December 6, 2022 – The Debtors and Bond Trustee UMB Bank, N.A. (“UMB” and together with the Debtors, the “Plan Sponsors”) filed a First Amended Plan of Reorganization and a related Disclosure Statement...
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Winc, Inc. – Direct-to-Consumer Wine Specialist Seeks Approval of Bidding...
December 7, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 47]. The bidding procedures order would: (i) approve bidding procedures in...
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Clovis Oncology, Inc. – Commercial Stage Biotech Files for Bankruptcy with...
[Just filed. Developing story.] December 11, 2022 – Clovis Oncology, Inc. and two affiliated debtors (Nasdaq: CLVS; and together “Clovis” or the “Debtors”) filed for Chapter 11 protection with the U.S....
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Medly Health Inc. – Seeks Approval of Bidding Procedures and Stalking Horse...
December 9, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 15]. The bidding procedures order would: (i) approve bidding procedures in...
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Fast Radius, Inc. – Executes $13.3mn APA with Crestview Partners’ Portfolio...
December 9, 2022 – Further to the Court’s November 14th bidding procedures order [Docket No. 77] and an auction held on December 7th/8th, the Debtors have now filed the asset purchase agreement (the...
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Ruby Pipeline, LLC – Kinder Morgan and Tallgrass Energy Set to Face Off at...
December 12, 2022 – Further to the Court's September 8th bidding procedures order [Docket No. 354], the Debtor designated the $242.0mn cash bid of Tallgrass MLP Operations, LLC (“Tallgrass," an...
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Fast Radius, Inc. – Executes $13.3mn APA with Crestview Partners’ Portfolio...
December 9, 2022 – Further to the Court’s November 14th bidding procedures order [Docket No. 77] and an auction held on December 7th/8th, the Debtors have now filed the asset purchase agreement (the...
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Ruby Pipeline, LLC – Tallgrass Affiliate Emerges Winner ($282.5mn Bid) After...
December 16, 2022 – Further to the Court’s September 8th bidding procedures order [Docket No. 354] and an auction concluded on December 14, 2022 [Docket No. 536], the Debtor designated Tallgrass MLP...
View ArticlePhaseBio Pharmaceuticals, Inc. – Following Successful Mediation, Seeks Court...
December 15, 2022 – The Debtor requested Court approval of a settlement with SFJ Pharmaceuticals X, Ltd. (“SFJ”) [Docket No. 249] further to which the Debtor and SFJ will settle their adversary...
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Core Scientific, Inc. – Leading Operator of Blockchain Data Centers and...
[Just filed. Developing story] December 21, 2022 – Core Scientific, Inc.and ten affiliated debtors (NASDAQ: CORZ; together "Core Scientific" or the “Debtors”) filed for Chapter 11 protection with the...
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Times Square JV LLC – With Struggles ‘Dramatically Exacerbated’ by Pandemic,...
December 28, 2022 – Times Square JV LLC and three affiliated Debtors (“Times Square JV” or the “Debtors”) filed for Chapter 11 protection* with the U.S. Bankruptcy Court in the Southern District of New...
View ArticlePWM Property Management LLC – Requests Fourth Extension of Exclusivity...
December 29, 2022 – The Debtors filed a motion to extend the period during which the 181 West Madison Debtors have an exclusive right to file a Chapter 11 Plan and solicit acceptances thereof, through...
View ArticleMadison Square Boys & Girls Club, Inc. – With Completed Mediation Yielding an...
December 28, 2022 – The Debtor filed a motion to extend (for a second time) the periods during which it has an exclusive right to file a Chapter 11 Plan and solicit acceptances thereof, through and...
View ArticleMedly Health Inc. – U.S. Trustee Objects to Bidder Protections for Credit...
December 29, 2022 – The U.S. Trustee assigned to the Debtors cases objected to the Debtors’ proposed bidding procedures [Docket No. 124], arguing that "[t]he Bid Protections are not actually necessary...
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MTPC, LLC – Designates Sable Investments Affilate (SAM Real Estate) as...
December 30, 2022 – Further to the Court's revised bidding procedures order of October 6th [Docket No. 1287], the Debtor notified the Court that SAM Real Estate, LLC* had been designated as the...
View ArticleArmstrong Flooring Inc – Post-Sale Debtors Seek Second Lengthy Set of...
January 3, 2023 – The Debtors filed a motion to extend (for a second time) the periods during which they have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and...
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Cineworld Group Plc – Debtors’ Counsel Uses Status Hearing to Extol...
January 4, 2023 – At a January 4th status hearing, Debtors' counsel Joshua Sussberg of Kirkland & Ellis took Judge Marvin Isgur (and Isgur's courtroom) through an update (presentation here) which...
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