October 26, 2018 – The Court hearing the Open Road Films case approved (a) bid and sale procedures relating to the sale of the Debtors’ assets (including stalking horse protections and a proposed timeline) and (b) a form of asset purchase agreement between the Debtors and any potential stalking horse bidder [Docket No. 239]. As…
October 26, 2018 – The Court hearing the American Tire Distributors case issued a final order authorizing the Debtors to (i) obtain debtor-in-possession (“DIP”) financing and (ii) utilize cash collateral [Docket No. 249]. As previously reported [Docket No. 15], “This Motion requests approval of a DIP Facility that will provide continued access to the Debtors’…
October 26, 2018 – U.S. Bank National Association, the indenture trustee (the “Trustee”) in respect of the Debtors’ 8.750%/9.500% Senior Notes due 2018 (the “HoldCo Notes”) and the 9.000% Senior Amortizing Notes Due 2020 (the “OpCo Notes”) filed an objection [Docket No. 722] to Tops Holding II’s Second Amended Joint Chapter 11 Plan of Reorganization…
October 22, 2018 – Privately held Welded Construction and 1 affiliated Debtor (“Welded Construction” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12378 [Docket No.1]. The Company, a mainline pipeline construction contractor headquartered in Perrysburg, Ohio, is represented by Sean M. Beach…
October 19, 2018 – iHeartMedia requested a Court order directing the appointment of a fee examiner (“Fee Examiner”) [Docket No. 1638] and establishing procedures for consideration of requested fee compensation and reimbursement of expenses. The Debtors state, “The Debtors and the Committee have retained several professionals to assist them in navigating the many complex issues…
October 25, 2018 – AstraZeneca AB filed an objection [Docket No. 207] to (I) the assumption, assignment, and cure amount of contracts to be assumed and assigned in the Toprol-Xl sale, (ii) to the proposed Toprol-Xl sale order and (iii) to the proposed Vimovo sale order. AstraZeneca AB explains, “Debtors seek to cherry-pick for assumption…
October 19, 2018 – American Tire Distributors filed an amended Disclosure Statement in respect of its Joint Plan of Reorganization [Docket No. 191] and a blacklined version of that Disclosure Statement [Docket No. 190] reflecting changes from the version of October 15, 2018 [Docket No. 153]. In addition to the attachment of significant exhibits (listed…
October 25, 2018 – Westmoreland Coal filed a Plan of Reorganization [Docket No. 294] and related Disclosure Statement [Docket No. 293]. The Disclosure Statement notes, “The Plan proposes to fund creditor recoveries from Cash on hand, the Purchaser Stock, debt issued by the Purchaser or any of its subsidiaries, the Sale Transaction Proceeds (if any),…
October 24, 2018 – Welded Construction filed a complaint against Sunoco Marketing Partners & Terminals and Sunoco Pipeline (together, Sunoco”) and requested that the Court stay Sunoco’s termination of a critical construction agreement [Docket No. 75]. The complaint states, “Plaintiffs seek entry of a judgment (i) declaring that Defendant’s purported immediate termination on October 19,…
October 5, 2018 – Enterprise Products Operating LLC (“EPO”) and Acadian Gas Pipeline System (“Acadian,” and together with EPO, “Enterprise”) filed a motion requesting that the bankruptcy Court abstain from deciding matters which would impact the value/treatment of its proofs of claim pending resolution of long-standing litigation in a Texas state court. [Docket No. 1119]….
