According to the U.S. Bankruptcy Court docket, the Court approved the motion of MediaShift and its official committee of unsecured creditors for an order: (a) approving bidding procedures for sale of Debtors’ assets; (b) authorizing and scheduling an auction; (c) scheduling a hearing for approval of the sale of assets free and clear of liens…

According to the U.S. Bankruptcy Court docket, Walter Energy’s official committee of retired employees filed a motion requesting that the Court alter or amend its December 28, 2015 memorandum opinion and order granting the Debtors’ motion for an order (i) authorizing the Debtors to (a) reject collective bargaining agreements, (b) implement final labor proposals and…

According to the U.S. Bankruptcy Court docket, Colt Defense’s official committee of unsecured creditors filed a sixth stipulation extending the investigation termination date between its official committee of unsecured creditors and the loan agents. Under the stipulation, “The Investigation Termination Date shall be extended through and including the earlier of (i) the Effective Date of…

According to the U.S. Bankruptcy Court docket, Landlord Centercal Properties filed a limited objection to American Apparel’s supplemental motion for entry an order authorizing store closing sales with respect to eight additional stores in accordance with the store closing sale guidelines and the store closing order and granting related relief. Centercal Properties asserts, “Landlord does…

According to the U.S. Bankruptcy Court docket, Affirmative Insurance Holdings’ official committee of unsecured creditors filed a motion to convert the Chapter 11 reorganization case to a liquidation under Chapter 7. The committee explains, “The Committee brings this motion to convert the Debtors’ cases because the Debtors have no business to reorganize, the Debtors’ estates…

According to the U.S. Bankruptcy Court docket, multiple parties – including Cigna Health and Life Insurance Company, City of Fort Worth, Alliance Airport Authority, Fort Worth Sports Authority, Oracle America, Cowtown Gas Processing Partners, Crestwood Midstream Partners, TG Barnett Resources, Weatherford International, Visual Systems and Cygnet Software – filed with the U.S. Bankruptcy Court separate…

According to the U.S. Bankruptcy Court docket, American Apparel filed a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including May 2, 2016 and July 1, 2016, respectively. The motion explains, “Under the circumstances, the Debtors are hopeful they will have…

Hirschler Fleischer announced that it will combine with the Tysons, VA-based Leach Travell PC, adding seven Partners in four practice areas: business, litigation, bankruptcy/creditors’ rights and real estate. The combination, which will be effective January 1, 2016, is consistent with Hirschler Fleischer’s strategic vision to expand its footprint into the Washington, D.C. metropolitan area to…

According to the U.S. Bankruptcy Court docket, KaloBios Pharmaceuticals filed for Chapter 11 protection in Wilmington, DE. The biopharmaceutical provider is focused on developing cancer treatments and is represented by Morris, Nichols, Arsht & Tunnell. On December 17, 2015, former C.E.O. Martin Shkreli was arrested on securities fraud charges. KaloBios Pharmaceuticals fired Shkreli as its…