November 16, 2021 – Further to a September 15th bidding procedures order [Docket No. 198] and an auction conducted on November 4th, the Court hearing the Alpha Latam Management cases issued an order approving the sale of substantially all of the loan portfolio of Alpha Capital S.A.S. and Vive Créditos Kusida S.A.S. and certain related…
November 16, 2021 – Riverbed Technology, Inc. and three affiliated debtors (“Riverbed” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-11503 (Judge TBA). The Debtors, "a worldwide provider of IT optimization products and services, catering to four core solution areas: WAN optimization,…
November 15, 2021 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Plan, and solicit acceptances thereof, through and including February 12, 2022 [Docket No. 326]. Absent the requested relief, the solicitation period is scheduled to expire on December 14, 2021. The Debtors argue…
November 15, 2021 – The Court hearing the 203 W 107th Street cases has extended (for a third time) the periods during which the Debtors have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including January 21, 2022 and March 23, 2022, respectively [Docket No. 132]. Absent the…
November 11, 2021 – Further to the Court’s September 30th bidding procedures order [Docket No. 122] and an auction held on November 10, 2021, the Debtor notified the Court that VV9000 LLC (the "Buyer") has been selected as the successful bidder for substantially all of its assets [Docket No. 263]. The Debtor's assets are principally…
November 11, 2021 – Further to a November 5th hearing, the Court hearing the GVS Portfolio I B cases issued an order approving (i) bidding procedures for the sale of substantially all of Debtors’ assets and (ii) an auction/sale timetable culminating in an auction on February 28th and a sale hearing n March 2022 (exact…
November 10, 2021 – The Court hearing the Norwich Roman Catholic Diocesan Corporation case has extended the periods during which the Debtor has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including February 4, 2022 and April 5, 2022, respectively [Docket No. 362]. Absent the requested relief, the…
November 10, 2021 – In advance of their November 10th Disclosure Statement hearing, the Debtors filed an Amended Plan of Liquidation and a related Disclosure Statement with each attaching a redline showing changes to the version filed on September 27, 2021 [Docket Nos. 402 and 400, respectively]. The Debtors also filed a proposed order relating…
November 9, 2021 – The Debtors, a New Jersey-based specialty generic pharmaceutical company, filed a motion requesting approval for procedures relating to the private sale (the “Sale”) of $3.0mn of R&D credits and unused carryforward net operating losses ("NOLs" and together with the R&D credits, "Tax Attributes") that it believes it can sell under a…
November 8, 2021 – The Debtors filed a First Amended Plan of Reorganization and a related Disclosure Statement [Docket Nos. 273 and 272, respectively], and separately filed redlines of each document showing changes to the versions filed on October 1, 2021 [Docket No. 277]. The revised documents have been largely amended to reflect a shift…
