October 21, 2019 − Nobilis Health Corp.and two affiliated Debtors (NYSE American: HLTH, “Nobilis Health” or the “Debtors”) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12264. The Debtors, a healthcare development and management company with more than 30 locations across Texas and Arizona, are…

October 21, 2019 − Destination Maternity Corporation and two affiliated Debtors (Nasdaq: “DEST,” “Destination Maternity” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12256. The Debtors, a leading designer and retailer of maternity clothing in the United States, are represented by Adam…

October 17, 2019 – The Debtors' Official Committee of Tort Claimants (the “TCC”) and a committee comprised of holders of certain of the Debtors' senior unsecured notes (the “Ad Hoc Committee,” and together with the TCC, the "Movants") filed a competing Chapter 11 Plan [Docket No. 4257]. On October 9, 2019, in a highly anticipated…

October 17, 2019 – FTI Consulting, Inc. (NYSE: FCN, “FTI Consulting”) has named Jerome Davis and Daniel O’Brien as New Managing Directors at its Turnaround & Restructuring practice which operates as part of FTI Consulting’s Corporate Finance & Restructuring segment. Mr. Davis and Mr. O’Brien will be based in New York. The appointments of Mr. Davis…

October 17, 2019 − Dura Automotive Systems, LLC and six affiliated Debtors (“Dura” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Tennessee, lead case number 19-06741. The Debtors, a leading global automotive systems supplier and 73.1% owned by Lynn Tilton's Patriarch Partners, LLC, are represented…

October 16, 2019 – Further to the Court's bidding procedure order of August 22, 2019 [Docket No. 156], the Debtors have notified the Court of the designation of ABG-Barneys, LLC ("ABG-Barneys") as a stalking horse in respect of a sale of substantially all of the Debtors' assets. ABG-Barneys, an acquisition vehicle created by Authentic Brands…

October 15, 2019 − Highland Capital Management, L.P.  (“HCMLP” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12239. The Debtor, an investment entity managed by Dallas-based alternative investment platform Highland Capital Management (“Highland”), is represented by James E. O'Neill of Pachulski Stang…

October 15, 2019 – The Court hearing the Sears Holdings Corporation cases has confirmed the Debtors' Modified Second Amended Joint Chapter 11 Plan of liquidation [Docket No. 5370].  Although the confirmation order marks the completion of an important phase of the Debtors' long, resource-draining bankruptcy process, the Court's order makes clear that there remains a…

October 10, 2019 – The Debtors have responded to a proposed order filed with the Court by their debtor-in-possession ("DIP") lenders in a dispute which had threatened to further destabilize the Debtors' cases just as the Debtors are completing their search for a stalking horse bidder, a process that the Debtors' are currently required to…

October 9, 2019 – The Court hearing the PG&E Corporation cases has delivered a major setback to the Debtors' hopes of maintaining control over their Chapter 11 cases (and the ultimate widlfire tab they will have to pay), granting a joint motion filed by the Debtors’ Official Committee of Tort Claimants (the “TCC”) and the…