According to the U.S. Bankruptcy Court docket, GT Advanced Technologies (GTAT) filed a motion for an order, pursuant to Bankruptcy Code Sections 363(B) and 503(B) and Bankruptcy Rule 6004(H), authorizing the Company to enter into amendment to its commitment letter with noteholders in connection with debtor-in-possession financing. The motion explains, “Following entry of the Commitment…

According to the U.S. Bankruptcy Court docket, William A. Brandt, Jr., 3dfx Interactive’s Chapter 11 trustee, filed a notice of intention to convert the Chapter 11 case to Chapter 7. Documents filed with the Court explain, “The Trustee has now substantially administered the Debtor’s estate, including resolving litigation against the Debtor’s former officers and directors,…

According to the U.S. Bankruptcy Court docket, Donahue Group filed with the Court a reply to objections to Dendreon’s motion for appointment of an official equity committee and determination of prejudice for previous non-appointment. The Donahue Group asserts, “There are two reasons that an equity committee is justified in this case: the Debtors are understating the…

According to the U.S. Bankruptcy Court docket, Thomas Karaniewsky and Angela Rodriguez, on behalf of themselves and all others similarly situated (the WARN claimants) and Bank Alkhair B.S.C., Dar Al Arkan Real Estate Development filed separate objections to Altegrity’s Disclosure Statement. The WARN claimants explain, “The WARN Claimants’ principal objection to approval of the Disclosure…

CohnReznick LLP announced that John Bautista, ASA, has joined the firm as a Principal in CohnReznick Advisory Group’s Valuation Advisory Services Practice. With over 20 years of experience in corporate finance, his emphasis has been on valuation of businesses, business interests, securities and intangible assets for transactions, tax and financial reporting and other strategic purposes. Bautista…

According to the U.S. Bankruptcy Court docket, the Court approved SIGA Technologies’ motion for entry of an order, pursuant to 11 U.S.C. Sections 365(a), approving the assumption of (i) a procurement contract, as modified, with Biomedical Advanced Research and Development Authority (BARDA) and (ii) a research and development contract with BARDA. As previously reported, “On May…

According to the U.S. Bankruptcy Court docket, multiple parties – including Alcoa Inc., Wilmington Savings Fund Society (FSB) (in its capacity as successor indenture trustee), American Stock Transfer & Trust Company, EFIH’s second lien notes’ indenture trustee, the ad hoc group of TCEH unsecured noteholders and the ad hoc committee of EFIH’s unsecured noteholders –…

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