August 30, 2023 – Benitago Inc. and 28 affiliated debtors; together “Benitago” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case No. 23-11394 (Judge Sean H. Lane). The Debtors,"an e-commerce brand incubator and aggregator [ie, an Amazon seller aggregator]" are represented by…

August 14, 2023 – The Court hearing the Sorrento Therapeutics, Inc. issued an order approving a settlement reached with Nant Parties* arrived at after mediation conducted by Judge Marvin Isgur [Docket No. 1205]. *Immunotherapy NANTibody, LLC (“NANTibody”), NantCell, Inc. (“NantCell”), NantPharma, LLC (“NantPharma”), and their respective Related Parties (collectively, the “Nant Parties”). As described in…

[Just filed. Developing story.] August 11, 2023 – Condor Inversiones SpA and two affiliated debtors (together, the “Inversiones Debtors” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90761 (Judge David R. Jones). The Debtors, holding companies for Chilean wind and solar…

August 10, 2023 – The Court hearing the SAS AB cases has extended (for a third time) the periods during which the Debtors have an exclusive right to file a Plan and solicit acceptances thereof, through and including November 8, 2023 and January 8, 2024, respectively [Docket No. 1335]. Absent the requested relief, the Plan…

[Just filed. Developing story.] August 9, 2023 – Amyris, Inc. and seven affiliated debtors (Nasdaq: AMRS; together “Amyris” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-11131 (Judge TBA). The Debtors, "a leading synthetic biotechnology company accelerating the world's transition to sustainable…

August 8, 2023 – Following the receipt of a post-auction bid for their "Digital Assets" (see description of Digital Health Business below), the Debtors have thrown a wrench into what appeared to be a small, straightforward sale by naming latecomer Surgical Theater, Inc. (“Surgical Theater,” $1.5mn bid*) as their new successful bidder. That decision drew…

August 6, 2023 – Yellow Corporation and 23 affiliated Debtors (Nasdaq: YELL; “Yellow” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 23-11069 (Judge TBD). The Debtors, "a leading trucking and logistics company, boasting one of the largest less-than-truckload ('LTL') networks in North…