Nielsen & Bainbridge, LLC – In Advance of a Likely Contentious March 1st...
February 27, 2023 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) filed an omnibus objection which takes issue with: (i) the Debtors' debtor-in-possession ("DIP") financing...
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NewAge, Inc – Following Resolution of Post-Sale Dispute Over Ownership of...
March 1, 2023 – The Court hearing the Compute NewAge cases issued an order confirming the Debtors’ Third Amended Combined Plan of Liquidation and Disclosure Statement [Docket No. 527]. Case Evolution...
View ArticleTuesday Morning Corporation – In Yet Another Significant Turn in Chaotic...
March 2, 2023 – In what is a third shift in proposed debtor-in-possession ("DIP") financing arrangements in under three weeks, the clearly rudderless* Debtors are looking for Court authority to ditch...
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Ryze Renewables II, LLC – Developers of Las Vegas Biofuel Refinery File for...
March, 2023 – Privately held yze Renewables II, LLC and one affiliated debtor (together “Ryze” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleLoyalty Ventures Inc. – Provider of “Consumer Loyalty Solution” Files for...
(Just filed. Developing story.) March 10, 2023 – Loyalty Ventures Inc.* and three affiliated debtors (Nasdaq: LYLT; together “LVI” or the “Debtors”) filed for Chapter 11 protection with the U.S....
View ArticleCasner & Edwards, LLP Client Opus Consulting Completes First New England...
March 9, 2023 – Opus Consulting Partners LLC (“Opus Consulting”), which is represented by Casner & Edwards, LLP, announced completion of the sale of the business operations and assets of Ermont,...
View ArticleBorrego Community Health Foundation – Further to DHCS Settlement and...
March 13, 2023 – The Court hearing the Borrego Community Health Foundation case issued an order approving the sale of substantially all of the Debtor’s asset ($50.0mn purchase price) to stalking horse...
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Cineworld Group Plc – “Nearly” There on Replacement DIP Financing and...
March 13, 2023 – The Debtors filed a motion to extend (for a second time) the periods during which they have an exclusive right to file a Chapter 11 Plan and solicit acceptances thereof, through and...
View ArticlePear Therapeutics engages MTS Health Partners, L.P
BOSTON–(BUSINESS WIRE)–Pear Therapeutics, Inc. (Nasdaq: PEAR) (“the Company”), the leader in developing and commercializing software-based medicines called prescription digital therapeutics (PDTs),...
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Performance Powersports Group Investor, LLC – Willing to Split Proceeds of...
March 17, 2023 – In advance of a March 20th hearing, the Debtors (in conjunction with their credit bidding stalking horse, the "Stalking Horse Bidder*") filed a further revised stalking horse asset...
View ArticleBarnes and Noble Education ($BNED) engages Houlihan Lokey
University bookstore operator Barnes and Noble Education (BNED) hired Houlihan Lokey according to a report by Bloomberg. The article cited declining college enrollments and loans maturing later next...
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Times Square JV LLC – Owner of Times Square Property Wins Confirmation of...
March 21, 2023 – Further to agreements reached at a March 16th Plan confirmation hearing (as reflected in the March 17th Plan and amended confirmation order, see below), the Court hearing the Times...
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Stimwave Technologies Incorporated – Two Weeks After Arrest of Former CEO for...
March 21, 2023 – The Court hearing the Stimwave Technologies cases issued an order confirming the Debtors’ Second Amended Plan of Liquidation [Docket No. 791]. In a related development, on March 9th,...
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Starry Group Holdings, Inc. – Court Approves Bidding Procedures as Part of...
March 21, 2023 – The Court hearing the Starry Group Holdings cases issued an order: (i) approving bidding procedures in relation to the sale of substantially all of the Debtors’ assets and/or...
View ArticleAmsterdam House Continuing Care Retirement Community, Inc. (2023) – $80mn...
[Just filed. Developing story.] March 22, 2023 – Amsterdam House Continuing Care Retirement Community, Inc. (d/b/a as “The Amsterdam at Harborside,” “AHCCRC” or the “Debtor”) filed for Chapter 11...
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TOMS King (Ohio) LLC – Files Results of 90-Store Auction; Karali, Burger...
March 22, 2023 – Further to a March 8th bidding procedures order [Docket No. 351] and an auctionheld on March 21st, the Debtors notified the Court that Winning Bidders had been designated in respect of...
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Better Nutritionals, LLC – Creditors’ Committee Objects to Debtor’s Proposed...
March 22, 2023 – The Debtor's Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtor’s March 20th motion to convert its Chapter 11 case to a case under Chapter 7 [Docket No....
View ArticleCodiak BioSciences, Inc. – Clinical Stage Cambridge, Mass Biopharmaceutical...
[Just filed. Developing story.] March 27, 2023 – Publicly traded Codiak BioSciences, Inc. and one affiliated debtor (Nasdaq: CDAK; “Codiak” or the “Debtors”) filed for Chapter 11 protection with the...
View ArticleSVB Financial Group – First Citizens BancShares to Acquire Silicon Valley...
March 27, 2023 – First Citizens BancShares has announced that it will acquire Silicon Valley Bank ("SVB") further to which it will purchase about $72.0bn in loans at a discount of $16.5bn and the...
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PacificCo Inc. – In-Store Marketing Specialist Files for Chapter 11 (Again)...
March 28, 2023 – PacificCo Inc. and 14 affiliated debtors (dba Catalina, together “PacificCo” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District...
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