September 25, 2023 – The Court hearing the Venator Materials PLC cases issued an order approving a settlement that will allow the Debtors to proceed with steps that are necessary to the implementation of their confirmed Plan [Docket No. 477, with confirmation order issued on July 25, 2023]. On August 18th, the Debtors filed an…

[Just filed. Developing story.] September 27, 2023 – Muzik Inc. (“Muzik” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of California, lead case No. 23-16304 (Judge Vincent P. Zurzolo). The Debtor, a manufacturer of smart headphones or in its view "a disruptive technology company and innovation…

September 21, 2023 – The Court hearing the Yellow Corporation cases issued an order approving: (i) stalking horse arrangements with Estes Express Lines (“Estes,” $1.525bn cash bid) in relation to the sale of substantially all of the Debtors’ owned real estate (the "Owned Properties") and (ii) authorizing the Debtors to offer Estes "substantially below market"…

September 20, 2023 – The Debtor filed a motion to extend the periods during which it has an exclusive right to file a Plan, and solicit acceptances thereof, through and including December 6, 2023 and February 5, 2024 [Docket No. 250]. Absent the requested relief, the Plan filing, and solicitation periods are scheduled to expire…

September 18, 2023 – American Physician Partners, LLC* and 99 affiliated debtors (“American Physician Partners,” “APP,” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-11469 (Judge TBrendan Linehan Shannon). The Brentwood, Tennessee-based Debtors, "providers of emergency medicine, hospital medicine, and critical care…

September 12, 2023 – The Court hearing the Sorrento Therapeutics, Inc. cases issued an order: (i) approving the sale of the Debtors’ Scilex Stock to Junior DIP Lender Scilex Holding Company (“Purchaser” or “Scilex,” $145.25mn purchase price*) and (ii) conditionally vacating the earlier August 30th Oramed sale order [Docket No. 1316, with September 11th executed…

September 11, 2023 – Noble House Home Furnishings, LLC and three affiliated debtors (“Noble House” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas lead case No. 23-90773 (Judge Christopher M. Lopez). The Chatsworth, California based Debtors, "a distributor, manufacturer and retailer of indoor and…

September 10, 2023 – Soft Surroundings Holdings, LLC and three affiliated debtors (together “Soft Surroundings” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90769 (Judge Christopher M. Lopez). The Debtors*, "a leading direct-to-consumer nationwide Company, selling women’s apparel, accessories, beauty products,…

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…