The U.S. Bankruptcy Court confirmed US Dataworks’ Combined Disclosure Statement and Plan of Liquidation (Combined DSP). According to documents filed with the Court, “This Combined DSP under Chapter 11 of the Bankruptcy Code proposes to pay creditors of US Dataworks, from the proceeds of the sale of substantially all of the Debtor’s assets as described…

TerraVia Holdings filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a plan and solicit acceptances thereof through and including February 28, 2018 and April 30, 2018, respectively. The motion explains, “The Debtors’ request for an extension of the Exclusive Periods comes less than six…

Cigna Health and Life Insurance Company, Cigna HealthCare of South Carolina, Cigna HealthCare of Arizona, Cigna HealthCare of New Jersey, Cigna HealthCare of Florida and Simi Valley Hospital & Health Care Services filed with the U.S. Bankruptcy Court separate objections to 21st Century Oncology Holdings’ Joint Chapter 11 Plan of Reorganization. Simi Valley Hospital &…

The U.S. Bankruptcy Court approved Unilife’s compromise and settlement of certain claims with present and former directors and officers (D&O) and certain plaintiffs and their counsel. As previously reported, “The settlement agreement includes the following principal terms: no later than 10 business days after the effective date, the Individual defendants shall cause National Union to…