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December 28, 2022 – Times Square JV LLC and three affiliated Debtors (“Times Square JV” or the “Debtors”) filed for Chapter 11 protection* with the U.S. Bankruptcy Court in the Southern District of New York (Judge John P. Mastando III), lead case number 22-11715. The Debtors, owners and operators of a mixed-use property in central…

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[Just filed. Developing story] December 21, 2022 – Core Scientific, Inc.and ten affiliated debtors (NASDAQ: CORZ; together "Core Scientific" or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 22-90341 (Judge David R. Jones). The Debtors, "a leader in high-performance blockchain computing data…

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December 15, 2022 – The Debtor requested Court approval of a settlement with SFJ Pharmaceuticals X, Ltd. (“SFJ”) [Docket No. 249] further to which the Debtor and SFJ will settle their adversary proceeding and SFJ will purchase Debtor’s bentracimab assets (the “Bentracimab Assets”), As detailed further below, SFJ will acquire the Bentracimab Assets "in satisfaction…

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December 16, 2022 – Further to the Court’s September 8th bidding procedures order [Docket No. 354] and an auction concluded on December 14, 2022 [Docket No. 536], the Debtor designated Tallgrass MLP Operations, LLC (“Tallgrass”) as the successful bidder ($282.5mn bid), with EP Ruby LLC (“EP Ruby”) named as the back-up bidder ($276.0mn bid) [Docket…

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December 9, 2022 – Further to the Court’s November 14th bidding procedures order [Docket No. 77] and an auction held on December 7th/8th, the Debtors have now filed the asset purchase agreement (the “APA") agreed with SyBridge Digital Solutions LLC* (“Purchaser,” $13.3mn purchase price) in respect of a sale of substantially all of their assets…

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December 12, 2022 – Further to the Court's September 8th bidding procedures order [Docket No. 354], the Debtor designated the $242.0mn cash bid of Tallgrass MLP Operations, LLC (“Tallgrass," an affiliate of Tallgrass Energy) as the "Starting Bid" at an auction scheduled for December 13, 2022 [Docket No. 525]. Tallgrass takes over the post position…

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December 9, 2022 – Further to the Court’s November 14th bidding procedures order [Docket No. 77] and an auction held on December 7th/8th, the Debtors have now filed the asset purchase agreement (the “APA") agreed with SyBridge Digital Solutions LLC* (“Purchaser,” $13.3mn purchase price) in respect of a sale of substantially all of their assets…

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December 9, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 15]. The bidding procedures order would: (i) approve bidding procedures in relation to the sale of the substantially all of the Debtors’ Pharmaca business assets (the “Sale”), (ii) authorize the Debtors to enter…

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December 11, 2022 – Clovis Oncology, Inc. and two affiliated debtors (Nasdaq: CLVS; and together “Clovis” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 22-11292 (Judge TBD). The Debtors, who "acquire, develop, and commercialize cancer treatments in the United States, Europe and…

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December 7, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 47]. The bidding procedures order would: (i) approve bidding procedures in relation to the sale of the substantially all of the Debtors’ assets (the “Sale”), (ii) authorize the Debtors to enter into a…