The U.S. Bankruptcy Court approved hhgregg’s key employee retention program (KERP) for certain non-insiders. As previously reported, “The KERP is structured to ensure the retention of 38 of the Debtors’ non-insider employees (the ‘KERP Participants’) whose efforts will be critical to completing the Debtors’ wind-down both during and after the conclusion of the Debtors’ store…

SAP America filed with the U.S. Bankruptcy Court an objection to A.M. Castle & Co.’s Plan and proposed assumption or assignment of executory contract and, alternatively, post-rejection retention of contractual benefits. The objection asserts, “Despite inquiries regarding treatment of its executory contract under the Plan, A.M. Castle and its affiliated debtors have not provided any…

The U.S. Bankruptcy Court issued an interim order approving the Missouri Department of Labor & Industrial Relations, Division of Workers’ Compensation’s emergency motion to compel Katy Industries’ affiliated Debtor Continental Commercial Products to comply with the laws of the State of Missouri related to workers’ compensation or, in the alternative, for an order dismissing this…

Hampshire Group and its official committee of unsecured creditors filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “The Plan contemplates the substantive consolidation of the Debtors’ Estates into a single Estate for all purposes associated with Confirmation and Consummation. The Plan…

Multiple parties – including Elliott Associates, Elliott International and The Liverpool Limited Partnership (collectively, Elliott Funds) UMB Bank and Sunrise Partners Limited Partnership – filed with the U.S. Bankruptcy Court separate objections to Energy Future Holdings’ (EFH)/Energy Future Intermediate Holdings’ (EFIH) motion for entry of an order scheduling certain hearing dates and deadlines and establishing…

The U.S. Bankruptcy Court denied the motion of the U.S. Trustee assigned to the Triad Guaranty case for an order converting the Chapter 11 reorganization to a liquidation under Chapter 7. The denial order states, “By July 31, 2017, the Debtor shall file its disclosure statement and solicitation procedures motion. A hearing on approval of…

Paragon Offshore filed with the U.S. Bankruptcy Court a second amended Supplement to its Fifth Joint Chapter 11 Plan. The Supplement contains the following documents: Exhibit A-1: articles of association of reorganized Paragon Offshore; Exhibit A-2: articles of association of reorganized Paragon Offshore redline; Exhibit B-1: shareholders agreement; Exhibit B-2: shareholders agreement redline; Exhibit C:…