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Quotient Limited – With Support of Noteholders, Commercial-Stage Diagnostics...
January 10, 2023 – Quotient Limited (formerly Nasdaq:QTNT and now OTC:QTNTF; "Quotient" or the “Debtor”) filed for Chapter 11 protection (on a prepackaged basis) with the U.S. Bankruptcy Court in the...
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American Virtual Cloud Technologies, Inc. – “Pure-Play Cloud Communications...
January 11, 2023 – American Virtual Cloud Technologies, Inc. and two affiliate debtors (dba Kandy; Nasdaq: AVCT; AVCT" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court...
View ArticleTricida, Inc. – Clinical-Stage Biopharmaceutical Company Files for Bankruptcy...
January 11, 2023 – Tricida, Inc. (NASDAQ: TCDA; "Tricida" or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 23-10024 (Judge TBA)....
View Article96 Wythe Acquisition LLC – US. Trustee Designates Quadrum Development...
January 11, 2023 – Further to a November 15th bidding procedures order [Docket No. 784], and a lengthy auction that concluded on January 11th, the Chapter 11 Trustee (the “Trustee”) appointed to the...
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Vital Pharmaceuticals, Inc. – After Multiple Objections and Delays, Debtors...
January 12, 2023 – The Court hearing the Vital Pharmaceuticals cases issued an order authorizing the Debtors to: (i) access a further $66.0mn of new money debtor-in-possession (“DIP”) financing being...
View Article96 Wythe Acquisition LLC – Chapter 11 Trustee Designates Quadrum Development...
January 11, 2023 – Further to a November 15th bidding procedures order [Docket No. 784], and a lengthy auction that concluded on January 11th, the Chapter 11 Trustee (the “Trustee”) appointed to the...
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Party City Holdco Inc. – Celebrations Industry Leader Files for Bankruptcy...
January 17, 2023 – Party City Holdco Inc. and 13 affiliate debtors (NYSE: PRTY; "PCHI" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...
View ArticleMadison Square Boys & Girls Club, Inc. – Court Grants Shortened Exclusivity...
January 18, 2023 – The Court hearing the Madison Square Boys & Girls Club case has extended the periods during which the Debtor has an exclusive right to file a Chapter 11 Plan, and solicit...
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Genesis Global Holdco, LLC – Digital Currency Group’s Leading Digital...
January 19, 2023 – Genesis Global Holdco, LLC and two affiliate debtors (“Genesis," “GGH” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...
View ArticleAD1 Urban Palm Bay, LLC – Affiliates of Florida-Based Hotel Manager AD1...
[Just filed. Developing story] January 22, 2023 – Privately held AD1 Urban Palm Bay, LLC and 12 affiliate debtors* ("AD1 Urban" or the “Debtors”) filed for Chapter 11 protection with the U.S....
View ArticleHONX, Inc – Hess Unit Seeks Lengthy Third Set of Exclusivity Extensions as it...
January 20, 2023 – The Debtor filed a motion to extend (for a third time) the periods during which it has an exclusive right to file a Plan and solicit acceptances thereof, through and including July...
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Serta Simmons Bedding, LLC – Leading “Sleep Company” Files for Bankruptcy on...
January 23, 2023 – Serta Simmons Bedding, LLC and 13 affiliate debtors (“SSB“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead...
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Times Square JV LLC – Ahead of February 1st Hearing, Creditors’ Committee...
January 25, 2023 – The Debtors’ Officials Committee of Unsecured Creditors (the “Committee”) objected to the adequacy of the Debtors' Disclosure Statement, arguing that it fails to adequately inform...
View ArticleEndo International plc – Committees Representing Unsecured Unsecured...
January 24, 2023 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) and the Official Committee of Opioid Claimants (the “OCC,” and with the Committee, the "Official Committees")...
View ArticleCelsius Network LLC – Seeks Second Extension of Exclusivity Periods as...
January 25, 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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Core Scientific, Inc. – Creditors’ Committee Objects to Further DIP Financing...
January 26, 2023 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ ability to draw down the $22.5mn balance* of a $75.0mn debtor-in-possession (“DIP”)...
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Cleveland Integrity Services, Inc. – Cleveland, Oklahoma-Based Pipeline...
January 29, 2023 – Privately held Cleveland Integrity Services, Inc.and one affiliate debtor (“CIS“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleNova Wildcat Shur-Line Holdings, Inc. – NJ-Based Wholesaler of Home...
[Just filed. Developing story.] January 29, 2023 – Privately held Nova Wildcat Shur-Line Holdings, Inc. and five affiliate debtors (dbe H2 Brands Group Home & Hardware; “H2 Brands Group*" or the...
View ArticleBSPV-Plano, LLC – Further to Momentary Ceasefire (of Sorts) with Bond Trustee...
January 31, 2023 – The Court hearing the BSPV-Plano case has extended (for a fourth…and last time) the periods during which the Debtor has an exclusive right to file a Plan and solicit acceptances...
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Core Scientific, Inc. – Seeks Authority for $70mn Replacement DIP Financing...
January 31, 2023 – The Debtors requested Court authority to: (i) access $70.0mn of new money in replacement debtor-in-possession (“DIP”) financing, (the “Replacement DIP Facility”) including $35.0mn on...
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