April 13, 2023 – As flagged by an April 12th press release, PLx Pharma Inc. and one affiliated debtors (NASDAQ: PLXP; together “PLx” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10456 (Judge Mary F. Walrath). The Debtors, "a commercial-stage drug delivery…

April 11, 2023 – National CineMedia, LLC (“NCM LLC” or the “Debtor*”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case No. 23-90291 (Judge David R Jones). The Debtor, "the largest cinema advertising network in the U.S.," is represented by John F. Higgins of Porter Hedges LLC….

April 10, 2023 – Back-up bidder Pearsanta, Inc. ("Pearsanta") has filed an objection to the results of the Debtors' April 6th auction, arguing that the Debtors' choice of Pfizer, Inc. ("Pfizer") as the successful bidder, notwithstanding what Pearsant argues was a lower Pfizer bid, is indicative of a bias for Pfizer that has been clear…

April 11, 2023 – Privately-held AmeriMark Interactive, LLC and six affiliated debtors (together “AmeriMark Interactive” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware lead case No. 23-10438 (Judge TBA). The Debtors, "proud to be one of the largest multi-channel retailers [albeit within a purely "digital…

April 7, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 289]. The bidding procedures order would: (i) approve bidding procedures in relation to the sale of the substantially all of the Debtors’ assets (the “Sale”), (ii) authorize the Debtors to select one or…

April 6, 2023 – Further to a March 27th bidding procedures order [Docket No. 182] and an auction concluded on April 6th, the Debtor notified the Court that it had selected Pfizer Inc. as the successful bidder for substantially all of the Debtor’s assets [Docket No. 221]. Pearsanta, Inc. was designated as the back-up bidder. …

March 22, 2023 – Further to a March 8th bidding procedures order [Docket No. 351] and an auction held on March 21st, the Debtors notified the Court that Winning Bidders had been designated in respect of a majority of their 90 restaurant locations (several did not have bids) and that the Debtors’ stalking horse 13th…

April 5, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 5533]. The bidding procedures order would: (i) approve bidding procedures in relation to the sale of the Debtors' Avrio assets (the “Sale” and the "Avrio Assets*," respectively), (ii) authorize the Debtors to enter…

April 4, 2023 – Further to a February 24th bidding procedures order [Docket No. 187] and an April 4th sale hearing, the Court hearing the Independent Pet Partners Holdings, LLC cases issued an order approving the sale of the Debtors’ 66 Kriser’s and Chuck and Don’s stores (the “Purchased Assets” or “Go Forward Stores”) to…

April 4, 2023 – The Debtor notified the Court that its Third Amended Plan of Reorganization had become effective as of April 4, 2023 [Docket No. 382]. The Court had previously confirmed the Debtor's Plan on January 31, 2023 [Docket No. 352]. The Debtor was represented by: (i) Weil, Gotshal & Manges LLP as bankruptcy…