December 17, 2018 – The Relay Company (f/k/a The Rockport Company) filed a Combined Plan and Disclosure Statement [Docket No. 649] and a blackline of the amended Combined Plan and Disclosure Statement reflecting changes to the version filed on October 16, 2018 [Docket No. 650].  The Court documents explain, “This Combined Plan and Disclosure Statement…

December 19, 2018 – The Court hearing The Relay Company (f/k/a The Rockport Company) case (i) approved the adequacy of the Debtors’ Combined Disclosure Statement and Chapter 11 Plan of Liquidation; and (ii) confirmed the Plan [Docket No. 664]. On December 17, 2019, the claims agent notified the Court that each of the three voting…

July 18, 2018 – Oak Point Partners acquired the remnant assets of the Lehr Construction Corp. Bankruptcy Estate (Lehr Construction) in July 2018. On February 21, 2011, Lehr Construction filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York, assigned Case…

December 19, 2018 – The Court hearing the American Tire Distributors case confirmed [Docket No. 620] the Debtors’ Amended Joint Chapter 11 Plan of Reorganization (as Modified) [Docket No. 615]. The Company, which filed for Chapter 11 protection on October 4, 2018, is the largest replacement tire distributor in North America based on dollar amount…

December 13, 2018 – Wilmington Trust, National Association (“Wilmington”), the Trustee in respect of the Debtors’ 6 5/8% Senior Secured Notes due 2018, objected to the Debtors’ motion requesting authority to enter into a proposed $200mn junior debtor-in-possession (“DIP”) financing arrangement (the “Junior DIP Loan”) with Cyrus Capital [Docket No. 1207] citing its view that…

December 18, 2018 – David’s Bridal has received Court authority for (i) a pair of  debtor-in-possession (“DIP”) credit facilities (ii) its continued use of cash collateral [Docket No. 221].  As previously reported in respect of the requesting motion [Docket No. 17], “The Debtors seek authority to (i) obtain senior secured postpetition financing on a superpriority…

November 20, 2018 – The Court hearing the David’s Bridal case issued an interim order approving the Debtor’s proposed debtor-in-possession (“DIP”) financing [Docket No. 102] to be provided through Bank of America and Cantor Fitzgerald Securities.  As previously reported [Docket No. 17], “The Debtors seek authority to (i) obtain senior secured postpetition financing on a…

December 17, 2018 – The International Union of Operating Engineers, Local 953, AFL-CIO (“IUOE”) objected to the Debtors’ “Valued Employee Program [Docket No. 811] on the grounds that excluding the working man, while rewarding management, runs against the program’s stated goal of reducing “uncertainty” in order to retain employees. The objection states, “The IUOE represents…