/

March 27, 2020 – Further to a February 14th bidding procedures order [Docket No. 157], and the Debtor's subsequent notice that the bid of stalking horse Allen Media Broadcasting Evansville, Inc. (“AMBE”, $55.0mn cash bid) had been found noncompliant with the terms of that order [Docket No. 194], the Debtor has designated credit-bidding Mission Broadcasting,…

/

March 28, 2020 – OneWeb Global Limited and 18 affiliated Debtors (“OneWeb” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 20-22437. The Debtors, the developers of a global satellite communications network, are represented by Dennis F. Dunne of Milbank LLP….

/

March 25, 2020 – KPC Global Medical Center of San Mateo County, LLC (“Global” of "GMC"), an affiliate of Strategic Global Management, Inc. (“SGM”), has notified the Court of its intent to bid on the Debtors’ Seton Medical Center and Seton Coastside hospitals (collectively, “Seton”) [Docket No. 4347]. GMC's notice (i) urges the Court to…

/

March 25, 2020 – Further to a March 25th hearing, the Debtors have submitted a revised proposed order that would allow them to suspend their chapter 11 cases; shutting their 134 stores (and online efforts) for a period of 45 days and terminating the majority of their employees without severance pay [Docket No. 142]. Citing…

/

March 23, 2020 – On March 23rd, the Debtors filed an emergency motion requesting a status conference to discuss the impact of the coronavirus pandemic on the Debtors' Plan. Most pressing for the Debtors: a looming deadline of 8pm on March 23rd to file a Plan or else find themselves on the wrong side of…

/

March 23, 2020 – "ECF No. 1049 is vacated ." With that short order, the Court hearing the EP Energy cases has withdrawn the confirmed status of the Debtors’ star-crossed (and coronavirus-crossed) Plan [Docket No. 1103].  At a March 23rd hearing, the Southern District of Texas's celebrated Judge Marvin Isgur commented, "I find that the…

/

March 23, 2020 – Sheridan Holding Company I, LLC  and six affiliated Debtors (“Sheridan I” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 20-31884. The Debtors, oil and gas focused investment funds backed by Warburg Pincus, are represented by Matthew D….

/

January 21, 2020 – Oak Point Partners, LLC acquires remnant assets of the Outboard Marine Corporation, et al., Substantively Consolidated Bankruptcy Estate (Outboard Marine) in January 2020. On December 22, 2000, Outboard Marine and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for…

/

March 19, 2020 – The Court hearing the Southern Foods Group (Dean Foods Company) cases issued an order approving bidding procedure for the sale of substantially all of the Debtors’ assets [Docket No. 1178]. It further scheduled a sale hearing for April 3, 2020, with sale objections due by April 1, 2020.  Although the Court's…

/

March 19, 2020 – The Debtors and signatories to the Debtors' Plan Support Agreement (the “PSA”) and Backstop Commitment Agreement (the "BCA”), each dated October 18, 2019, have filed a stipulation asking the Court to approve a settlement that would amend and terminate each of those agreements [Docket No. 1090].  Without those agreements and the…