The U.S. Bankruptcy Court issued an a revised order approving China Fishery Group’s third motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 1, 2017 and January 22, 2018, respectively. The Debtors originally requested for an extension for December 30,…

Otterbourg P.C. announced that Keith N. Costa has joined the firm as a Member in the restructuring and bankruptcy practice, and Michael Wenger has joined the firm as Counsel in the banking and finance practice. Costa focuses his practice on the representation of creditors nationwide, with extensive experience in commercial litigation and a strong history…

SunEdison filed with the U.S. Bankruptcy Court a motion for an order authorizing and approving directors and officers (D&O) mediation settlement agreement and D&O insurance cooperation agreement. The motion explains, “SunEdison faces dozens of lawsuits involving claims by shareholders or investors against SUNE, the Yieldcos and their respective present and former directors and officers, all…

The U.S. Bankruptcy Court confirmed Abengoa Bioenergy US Holdings’ Third Amended Joint Plans of Liquidation. As previously reported, “The Plan as currently proposed, including the proposed treatment of the MRA Guarantee Claims, is premised on substantive consolidation and provides Bioenergy General Unsecured Creditors with a substantially higher recovery than they could otherwise expect to receive….

Tidewater filed with the U.S. Bankruptcy Court a motion for entry of an order approving non-insider retention payment for key employees. The motion explains, “Prior to the commencement of these chapter 11 cases, the Debtors, with the assistance of their advisors and input from the board of directors (the ‘Board’), designed and implemented a Key…

The U.S. Bankruptcy Court approved SunEdison’s motion for entry of an order authorizing and approving (i) (a) its entry into a backstop commitment letter, (b) equity commitment agreement, (c) payment of fees and expenses and (ii) the rights offering procedures and related forms. As previously reported, “The Debtors seek approval of the Backstop Commitment Letter,…

The U.S. Bankruptcy Court approved, on a final basis, Nuverra Environmental Solutions’ financing motion. As previously reported, “In an effort to continue operations and preserve estate value, the Debtors secured two complimentary credit facilities: the $31.5 million DIP Revolving Facility from the lenders under the Existing Revolving Credit Facility (the ‘Existing Revolving Credit Facility Lenders’)…

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