In Form 10-K filed on January 29, 2015, Majesco Entertainment Company’s auditor, EisnerAmper LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to EisnerAmper, the Company has suffered losses. Management believes that there may not be sufficient capital resources from operations and existing financing arrangements in order to meet…

According to the U.S. Bankruptcy Court docket, Exide Technologies filed a motion for an order, under Bankruptcy Code Sections 105 and 363 and Bankruptcy Rule 9019, authorizing and approving the Debtors’ entry into a settlement agreement with the official committee of unsecured creditors and consenting creditors of the unofficial noteholders’ committee. Under the settlement, “The…

According to the U.S. Bankruptcy Court docket, the Court approved Revel AC’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including March 31, 2015. As previously reported, “The Debtors believe that ample cause exists to support the requested extension of the Debtors’…

According to the U.S. Bankruptcy Court docket, SIGA Technologies filed a motion for entry of order, pursuant to 11 U.S.C. Sections 363(b)(1) and 503(c)(3) and Fed. R. Bankr. P. 6004(h), (i) approving payment of an annual performance bonus to senior executive officers and (ii) authorizing implementation of a key employee retention plan (KERP). According to…

Grant Thornton LLP announced the appointment of Billy Moore, 62, as Chief Financial Officer, effective August 1, 2015. He will succeed Russ Wieman upon his retirement from the firm. In his new role, Moore will be responsible for the finance and accounting operations of the firm. He has significant experience with financial reporting, strategic planning…

According to the U.S. Bankruptcy Court docket, Harris County filed an objection to Endeavour International’s Amended Joint Plan of Reorganization. The objection asserts, “Harris County objects to the treatment under the Plan for the reasons set forth below: a. The Plan fails to provide for the retention of Harris County’s pre-and post-petition liens on its…

According to documents filed with the SEC, Dendreon extended its bid deadline from January 27, 2015 to January 29, 2015 in order to continue discussions with potential bidders. The filing notes, “On December 17, 2014, the Bankruptcy Court entered an order (the ‘Bidding Procedures Order’) that, among other matters, established the bidding procedures proposed to…

According to the U.S. Bankruptcy Court docket, the Court approved ALCO Stores’ motion for an order, pursuant to Sections 363(b) and 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019(a), for approval of a settlement with Tiger Capital Group, SB Capital Group and Great American Group WF and an amendment of the agency agreement. As previously…

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