In Form 10-K filed on July 6, 2017, Rand Logistics, Inc.’s auditor, Grant Thornton LLP, raised substantial doubt about the Company’s ability to continue as a going concern. According to Grant Thornton, the Company incurred a net loss of $19,871 during the year ended March 31, 2017, and as of that date, the Company’s current…

The U.S. Bankruptcy Court approved A.M. Castle & Co.’s motion for entry of an order authorizing the Debtors to incur post-petition debt and use cash collateral in which the D.I.P. lender will have an interest and granting liens and super-priority claims in favor of PNC Bank (PNC), as administrative agent and post-petition lender. As previously…

Grandparents.com filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “This is a liquidating Plan pursuant to which the Debtors’ pre- and post-Petition Date Lender has funded a liquidating trust with a cash contribution of $200,000 for general operations, plus an additional…

The U.S. Bankruptcy Court approved Premier Exhibitions’ motion for an order authorizing the Debtors, the official committee of unsecured creditors and the official committee of equity security holders to enter into and perform obligations under a plan support agreement (PSA). As previously reported, “The Debtors believe that the contemplated Complete Sale Plan will maximize value…

Sanofi Winthrop Industries filed with the U.S. Bankruptcy Court an objection to Unilife’s official committee of unsecured creditors’ motion to retain Lowenstein Sandler as counsel. The objection asserts, “Given Lowenstein Sandler’s previous representation of Sanofi in connection with the Debtors and Lowenstein Sandler’s failure to seek – let alone receive – a written waiver of…

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