According to the U.S. Bankruptcy Court docket, the U.S. Trustee assigned to the Standard Register Company case filed an objection to the Debtors’ motion to establish bidding procedures and for other related relief. The Trustee asserts, “The Debtors commit a logical fallacy by asserting that the proposed Break-Up Fee and Expense Reimbursement induced Silver Point…

According to the U.S. Bankruptcy Court docket, multiple parties – including Aurelius Capital Management, NII Holdings and the official committee of unsecured creditors – filed separate objections to the ad hoc group of NII Capital 2021 noteholders’ motion for an order directing NII Holdings to participate in mediation, pursuant to Sections 105(A) and 105(D) of…

According to the U.S. Bankruptcy Court docket, the Texas Health and Human Services Commission and the Texas Department of State Health Services’ filed a supplemental limited objection to University General Health System’s emergency motion for interim and final orders (i) authorizing secured post-petition financing on a super priority basis, (ii) granting relief from the automatic stay,…

According to the U.S. Bankruptcy Court docket, Allen Systems Group filed technical modifications to its First Amended Joint Prepackaged Chapter 11 Plan, dated March 16, 2015. The modifications do not alter in any respect the treatment accorded to claims or equity interests; instead, they correct certain technical errors and/or omissions in the Plan and make…

According to the U.S. Bankruptcy Court docket, Point Blank Solutions’ official committee of equity security holders and David Brooks filed separate objections to the Company’s amended motion for approval of a settlement with class plaintiffs, plaintiffs’ counsel and derivative counsel. The committee asserts, “This is a terrible deal for the estates, their creditors and equity…

According to the U.S. Bankruptcy Court, several landlords – including Macerich Company, Starwood Retail Partners, Centennial Real Estate Company, Prudential Insurance Company of America and Watt Management – filed a collective objection to RadioShack’s second motion for (i) an order (a) establishing bid procedures for the sale of certain lease assets and (b) granting certain…

According to the U.S. Bankruptcy Court docket, the Court approved NII Holdings’ motion for an order authorizing the Debtors to obtain post-petition financing and granting related relief. As previously reported, “At this time, the Debtors have a critical need for a $350 million postpetition financing facility (the ‘DIP Facility’) in order to continue to fund the…

According to the U.S. Bankruptcy Court docket, the U.S. Trustee assigned to the Caesars Entertainment Operating Company’s case filed with the U.S. Bankruptcy Court an emergency motion to appoint Richard J. Davis as examiner. According to his corporate biography, Davis has served as an assistant U.S. attorney, on the Watergate Prosecution Force, as assistant secretary of…

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