September 24, 2019 – Burr & Forman announced the addition of associate Russell Heller to the firm’s Creditors’ Rights & Bankruptcy Practice Group where he will work on bankruptcy and restructuring engagements. Rick Robinson, managing partner of the firm’s Wilmington office, commented: “Adding Russell to our team is a key step in the continuing growth…

September 23, 2019 − Thomas Cook Group plc ("TCG") announced (i) the collapse of rescue talks with key stakeholder groups, including noteholders and its largest shareholder, Fosun Tourism Group ("Fosun"); (ii) its application in the United Kingdom (subsequently granted) for compulsory liquidation; and (iii) its delisting from the London Stock Exchange with immediate effect.  On…

September 19, 2019 – The Debtors filed a Revised Amended Plan and a related Disclosure Statement [Docket Nos. 338 and 339, respectively] with each attaching redlines showing changes to the version of each document filed on September 11, 2019. The last minute amendments make some clarifications that appear to have been requested by PIMCO, a…

September 19, 2019 – The Debtors' Official Committee of Tort Claimants (the “TCC”) and the Ad Hoc Committee of Senior Unsecured Noteholders of Pacific Gas and Electric Company (the “Ad Hoc Committee”) filed a motion to terminate the Debtors’ Exclusivity Period [Docket No. 3940].  This is the second attempt by these stakeholders to terminate the…

September 16, 2019 – The Debtors filed their Second Amended Plan and a related Disclosure Statement [Docket Nos. 1581 and 1583, respectively]; and further filed redlines of each document showing changes from versions filed on August 28, 2019 [Docket Nos. 1582 and 1524]. The amended Plan includes substantial changes but these are the key takeaways,…

September 16, 2019− Sienna Biopharmaceuticals, Inc. (NASDAQ Global Select Market: “SNNA," “Sienna” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12051. The Debtor, a clinical-stage biopharmaceutical and medical device company focused on skin therapies, is represented by Michael R Nestor of Young…

September 13, 2019 – The Debtors filed a Second Amended combined Plan and Disclosure Statement and a related blackline showing changes from the version of the combined document filed on September 10, 2019 [Docket Nos. 394 and 395, respectively].  The combined document has been amended at the last minute to allow for the creation of…

September 14, 2019 − Purdue Pharma L.P. and 23 affiliated Debtors (“Purdue” or the “Debtors,” with organizational and ownership charts included on pages 17/18 of the Petition) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 19-23649. The Debtors, pharmaceutical companies that manufacture, sell,…

September 15, 2019 − GCX Limited and 15 affiliated Debtors (trading as Global Cloud Xchange, “GCX” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12031. The Debtors, a subsidiary of Indian conglomerate Reliance Communications ("RCOM") are a global data communications service provider,…

September 15, 2019 − Sheridan Production Company, LLC and eight affiliated Debtors (“SPC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case number 19-35198. The Debtors, a Houston-based oil and gas company, are represented by Matthew D. Cavenaugh of Jackson Walker L.L.P. Further…