Pace Industries, LLC – Investor Macquarie Septa Files Motion to Have Majority of Debtors Cases Dismissed, Insists Debtors lacked Corporate Authority to File Chapter 11 Absent Their Consent
April 17, 2020 – Investor Macquarie Septa ("Macquarie") filed a motion seeking dismissal of a majority of the Debtors' Chapter 11 cases (ie those of KPI Intermediate Holdings, Inc. and the Debtors sitting structurally below, the "KPI Intermediate Debtors," see structure chart below), arguing that the directors of KPI Intermediate Holdings lacked the corporate authority…