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December 4, 2023 – The Court hearing the FTX Trading Ltd. cases issued an order approving a stipulation* further to which the Debtors are set to recover $22.5mn in donations made to Effective Ventures Foundation…
Bloomberg is reporting that Pennsylvania Real Estate Investment Trust (PREIT) is preparing to file for bankruptcy for the second time since 2020. The shopping mall owner is said to be seeking funding to support the…
November 30, 2023 – The Court hearing the Sorrento Therapeutics, Inc. cases issued an order confirming the Debtors’ Modified Joint Plan of Liquidation [Docket No. 1616]. In approving the Plan, Judge Christopher Lopez rejected an…
November 10, 2023 – Further to an unusual auction process which saw the Debtor receive two bids (only one ultimately actionable) after an October 31st bid deadline, the Debtor notified the Court that it intends to seek…
November 8, 2023 – The Court hearing the PhaseBio Pharmaceuticals, Inc. case has extended (for a fourth time) the periods during which Debtor has an exclusive right to file a Plan and solicit acceptances thereof,…
November 4, 2023 – The Debtors requested Court authority to: (i) access $500.0mn under a proposed replacement debtor-in-possession (“DIP”) term loan facility (the “Refinancing DIP Facility”) to be provided by Castlelake* managed affiliate, CL-S Holdings,…
November 8, 2023 – Anagram Holdings, LLC and two affiliated debtors (dba Anagram Balloons; together “Anagram” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas,…
November 3, 2023 – Further to an August 31st modified bidding procedures order [Docket No. 274], the Debtors notified the Court that they have selected GNG Partners, LLC ("GNG Partners") as the successful bidder for…
November 6, 2023 – WeWork Inc. and @500 affiliated debtors* (NYSE: WE; “WeWork” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, lead case number…
November 3, 2023 – Kevin Epstein, the United States Trustee for Region 7 (“U.S. Trustee”), has filed a motion [Docket No. 517] using the 4E Brands Northamerica LLC cases as a vehicle to obtain a…
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