June 11, 2023 – Center for Autism and Related Disorders, LLC and four affiliated debtors (together “CARD” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90709 (Judge David R. Jones). The Debtors, "the nation's leading [autism] treatment provider with over 30…

June 6, 2023 – The Court hearing the Pill Club Pharmacy Holdings case issued an order approving the sale of certain of the Debtors’ assets (namely customer lists and IP) to stalking horse Pepper Park LLC* (the “Buyer” or “Stalking Horse Bidder,” with consideration to comprise assumption of $35.4mn of secured debt and $50k in…

June 9, 2023 – Privately held Lucky Bucks LLC and two affiliated debtors (together “Lucky Bucks” or the “Debtors*”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10758 (Judge TBD). The Debtors, "among the largest Class B coin operated amusement machine ('COAM') operators based in…

June 8, 2023 – AeroFarms, Inc. and 14 affiliated debtors (together “AeroFarms” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10737 (Judge TBD). The Debtors, a Newark, NJ-based "sustainable indoor agriculture company" and operators of the world's largest vertical farm*, are represented…

June 6, 2023 – In advance of a June 8th Disclosure Statement hearing, the Debtors filed a First Amended Plan of Reorganization and a related Disclosure Statement [Docket No. 410], with the filing also attaching blacklines of each document showing changes to versions filed on April 19th. A revised proposed Disclosure Statement Order was also…

June 2, 2023 – The Debtor filed a motion to extend the periods (for a first time) during which it has an exclusive right to file a Plan and solicit acceptances thereof, through and including January 5, 2024 and March 4, 2024, respectively [Docket No. 232]. Absent the requested relief, the Plan filing periods are…

June 2, 2023 – Further to a May 8th bidding procedures order [Docket No. 1307] and an auction held on June 2nd, the Debtor notified the Court that MTIC Acquisitions, LLC (the “Successful Bidder,” previously identified as Thames River Acquisitions) had been designated as the successful bidder in relation to the sale of real property…

June 2, 2023 – The Court hearing the Diebold Holding Company cases issued an order authorizing the Debtors to (i) access $517.0mn of new money debtor-in-possession ("DIP") financing and (ii) use cash collateral [Docket No. 90, with DIP Credit Agreement attached at Exhibit 1]. The current new money DIP financing is part of a $1.25bn…

June 1, 2023 – Further to a May 2nd bidding procedures order and an auction held on May 31st, the Debtors notified the Court that they had selected a pair of successful bidders in respect of two asset groupings [Docket No. 290]: Midwest Catalog Brands, LLC (“Midwest Catalog,” an affiliate of direct marketing giant Colony…

June 1, 2023 – Genesis Care Pty Ltd and 53 affiliated debtors (together “Genesis Care*” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90614 (Judge David R. Jones). The Debtors, "a leading integrated cancer care provider in the United States, Australia,…