December 10, 2020 – The Debtors filed their Second Amended Joint Chapter 11 Plan of Reorganization and a related redline showing changes from the version filed on November 16, 2020 [Docket Nos. 171 and 172, respectively]. They separately filed a memorandum of law in support of Plan confirmation (the "Memorandum") [Docket No. 174]. The most…

December 7, 2020 – The U.S. Securities and Exchange Commission (“SEC” or “Commission”) objected to the Debtors Third Amended Joint Plan of Reorganization alleging that: “[t]he Releases here are not consensual because the Plan deems consent to the Releases to be established based on silence (i.e., not returning a ballot or failing to affirmatively opt…

December 8, 2020 – The Debtors filed an Amended Combined Plan of Liquidation and Disclosure Statement (the "Amended Combined Document") which attaches a blackline showing changes to the version filed on November 19, 2020 [Docket No. 367]. The Amended Combined Document amends the case caption to Permian Holdco 1, Inc. from Permian Tank & Manufacturing,…

December 8, 2020 – The Debtors filed a Modified Second Plan of Reorganization with a redline showing changes to the version filed on November 1, 2020 [Docket No. 350] and separately filed a motion requesting Court approval of the modified Plan without otherwise needing to resolicit stakeholders for approval.  The modifications reflect a recently achieved…

December 9, 2020 – The Debtors filed a motion seeking Court approval for extending the periods during which the Company has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including March 9, 2021 and May 8, 2021, respectively [Docket No. 197]. Absent the requested relief, the Plan filing…

December 9, 2020 – The Court hearing the Lucky’s Market Parent Company cases has extended the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including January 15, 2021 and March 15, 2021, respectively [Docket No. 1322]. Absent the requested relief, the Plan…