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April 30, 2021 – The Court hearing the Meade Instruments cases confirmed the First Amended Plan of Reorganization filed by the Debtors' Official Committee of Unsecured Creditors (the “Committee” or “Plan Proponent”) [Docket No. 392].  The confirmed Plan includes significant amendments which reflect a partial settlement with Plan objectors Sheppard, Mullin, Richter & Hampton LLP…

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April 30, 2021 – Plan Proponents notify Court that their amended Plan of Liquidation had become effective as of April 30, 2021 [Docket No. 381]. The Court had previously approved the Plan, proposed collectively by the Debtors, their Prepetition Lender and the Official Committee of Unsecured Creditors (together, the “Plan Proponents”), on April 28, 2021…

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April 30, 2021 – The Debtors notified the Court that their Fourth Amended Plan of Reorganization had become effective as of April 30, 2021 and that they had emerged from bankruptcy [Docket No. 1250]. The emerged Debtors' Common Shares and Warrants have been approved for listing on The New York Stock Exchange under the symbols…

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April 28, 2021 – The Court hearing the Hertz Corporation cases issued an order approving (i) the Debtors' proposed bidding and auction procedures and (ii) a timetable culminating in a May 10, 2021 auction and May 14, 2021 Post auction hearing [Docket No. 4310]. The order provides: "On April 21, 2021, the Boards of Directors…

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April 26, 2021 – The Debtors filed a motion requesting an order establishing bidding and auction procedures (the "Bidding Procedures Motion") and a related motion requesting that the Court issue an order shortening the notice and objection periods in respect of the Bidding Procedures Motion [Docket Nos. 4208 and 4209, respectively].  On April 22nd, the…

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April  26, 2021 – Secure Home Holdings LLC and four affiliated Debtors (dbe My Alarm Center, “Secure Home” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10745 (Judge Stickles). The Debtors, "a leading provider in home security," are represented by Robert A….

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April 26, 2021 – The Court hearing the Garrett Motion cases confirmed the Debtors’ Amended Plan of Reorganization [Docket No. 1161]. On September 20, 2020, Garrett Motion Inc. and 36 affiliated Debtors (NYSE: GTX; “Garrett” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York,…

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April 26, 2021 – The Debtors notified the Court that their Second Amended Plan of Reorganization had become effective as of April 23, 2021 [Docket No. 1285]. The Court had previously confirmed the Debtors’ Plan on April 8, 2021 [Docket No. 1231]. On April 26, 2020, Diamond Offshore Drilling, Inc. and 14 affiliated Debtors (NYSE:…

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April 23, 2021 – The Court hearing the China Fishery Group Limited cases issued an order approving (i) proposed bidding procedure for the sale of substantially all of Debtor CFG Peru Singapore’s equity interests in CFGI (the “CFGI Equity Interests” and the “Sale,” respectively) and (ii) an auction/sale timetable culminating in a May 7, 2021…

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April 22, 2021 – The Court hearing the AeroCentury cases issued an order (i) approving bidding procedures, including bidder protections, in respect of the Debtors’ proposed sale of substantially all of their assets, (ii) authorizing the Debtors to enter into a stalking horse asset purchase agreement (the “APA”) with Drake Asset Management Jersey Limited (“Drake”…