September 9, 2019 – Conway MacKenzie, a leading management consulting and financial advisory firm, today announced the launch of its Consumer Products Practice (CPP). The new group, established to help clients navigate ecommerce impact, demographic shifts and changing customer relationships, will be led by Conway MacKenzie Senior Managing Director Michael Musso, who has more than…
September 9, 2019 – The Debtors filed a Further Revised Plan and a related Disclosure Statement [Docket Nos. 453 and 454, respectively] each of which attaches a blackline showing changes to the versions of each document filed on August 18, 2019. Overview of the Plan The Disclosure Statement provides the following revised summary of the…
September 9, 2019 − Publicly traded Fred's, Inc. and seven affiliated Debtors (Nasdaq: FRED, “Fred's” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-11984. The Debtors, the operator of discount general merchandise stores in fifteen states in the Southeastern United States (many…
September 5, 2019 – The Debtors filed a Second Modified Second Amended Plan [Docket No. 852] which attaches a blackline showing changes to the version of the Plan filed on July 3, 2019. On May 8, 2019, the Court approved the adequacy of the Debtors' Disclosure Statement [Docket No. 384]. A Plan confirmation hearing, originally…
September 4, 2019 – The Debtors filed a Chapter 11 Plan of liquidation and a related Disclosure Statement [Docket Nos. 2993 and 2994]; and further filed a motion requesting Court approval of their (i) Disclosure Statement and (ii) proposed Plan solicitation and voting procedures [Docket No. 2995]. As detailed by the Debtors in their Disclosure…
September 4, 2019− PetroShare Corp. and one affiliated Debtor (OTCQB: PRHR, “PetroShare” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Colorado, lead case number 19-17633. The Debtors, a Colorado-based oil and gas exploration and production company with operations in the Wattenberg Field of the Denver-Julesburg Basin,…
September 4, 2019 – The Debtors notified the Court [Docket No. 959] that their Chapter 11 Plan of Reorganization had become effective as of September 4, 2019. The Court had previously approved the Debtors' Plan on August 2, 2019 [Docket No. 880]. At 11:45 pm on March 14, 2019, moments before a March 15, 2019…
September 4, 2019 – The Debtors' claims agent notified the Court of the results of Plan voting [Docket No. 313]. There were two classes that were entitled to vote on the Plan and each of them voted to accept; although holders of more than 20% of the Debtors' common stock (set to get a 1%…
February 19, 2019 – Oak Point Partners acquired the remnant assets of the O.W. Bunker North America Inc. Liquidating Trust (OW Bunker) in February 2019. On November 13, 2014, OW Bunker and its affiliated debtors each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the…
September 4, 2019 − uBiome, Inc. (“uBiome” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 19- 11938. The Debtor, a "leading" microbial genomics company, is represented by Michael R. Nestor of Young Conaway Stargatt & Taylor, LLP. Further board-authorized engagements include (i) Goldin…
