September 1, 2018 – Pacific Drilling filed with the Court a First Amended Joint Plan of Reorganization [Docket No. 551] and related Disclosure Statement [Docket No. 552]. The Disclosure Statement notes, “The Restructuring pursuant to the Plan and the related documents provide for the comprehensive recapitalization of the Debtors through the following principal financing transactions…

September 14, 2018 – SWK Funding LLC (“SWK”) filed with the Court an objection [Docket No. 85] to Hooper Holmes’ bid procedures motion [Docket No. 18]. SWK asserts, “SWK has been supportive of a beneficial sale of substantially all of the Debtors’ assets and has committed to provide additional, postpetition financing to allow the Debtors’…

September 14, 2018 – Oaktree Capital Management filed with the Court an objection [Docket No. 989] to the confirmation of the Debtors’ Modified Second Amended Joint Chapter 11 Plan of Reorganization [Docket No. 939]. Oaktree asserts, “On September 10, 2018, the Debtors filed the Current RSA Plan to make purportedly ‘technical modifications’ to the Initially…

August 29, 2018 – The Court hearing the Lockwood International case approved four separate sales, including: (i) that of the Rotterdam assets to Southwest Stainless (the Rotterdam Buyer), (ii) that of the Edmonton real property and equipment to Tin Tara Properties (the Edmonton Buyer), (iii) that of the Sarnia real property to 175177 Canada Inc….

September 14, 2018 – The Court hearing the Toys “R” Us case approved the Taj Debtors’ sale motion [Docket No. 4671] which establishes (i) bidding procedures for the sale of the Debtors’ indirect 84.87% interest in Toys (Labuan) Holding and the related intellectual property (collectively, the “Asia JV” or “assets”), (ii) a timetable for an…

September 13, 2018 – Hooper  Holmes’ Official Committee of Unsecured Creditors objected [Docket No. 82] to the Debtors’ bid procedures [Docket No. 18] and Stalking Horse APA. The Committee asserts, “The Committee is not opposed to the sale of the Debtors’ Assets through a fair, robust, and value-maximizing sale process….Nevertheless, there remain aspects of the…

September 13, 2018 – Quadrant 4 Systems’ Amended Plan of Liquidation was declared effective [Docket No. 536]. The Plan was previously confirmed by the Court on August 24, 2018 [Docket No. 527]. The Court document notes, “Upon the Effective Date, Amherst Partners, LLC (the “Liquidating Trustee”) was appointed Liquidating Trustee of the Quadrant 4 Liquidating…