The U.S. Trustee assigned to the Rotech Healthcare case filed a notice announcing disbandment of the official committee of equity security holders. The notice states, “The Court entered its Order Granting the Debtor’s Motion for Summary Judgment with Respect to Debtor’s Motion Pursuant to Bankruptcy Rule 3012 for Order Determining Valuation of Security for Confirmation…

Residential Capital filed with the U.S. Bankruptcy Court a monthly operating report for July 2013. For the period, the Company reported a net loss (from continuing operations) of $44.9 million on $14.1 million in total net revenue. The Company paid $11.9 million in professional fees and $11.7 million in total reorganization items during the month.

K-V Pharmaceutical’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court a statement reflecting its support of the Debtors’ Sixth Amended Joint Chapter 11 Plan of Reorganization. The committee states, “The Debtors filed their first plan of reorganization in January 2013 (the ‘Original Plan’), which offered de minimis recoveries to unsecured creditors. Following…

Arthur J. Gonzalez, the Court–appointed Examiner for Residential Capital case filed with the U.S. Bankruptcy Court a motion for entry of order granting discharge from duties, immunity from discovery, approval of disposition of investigative materials, and exculpation in connection with duties. The motion explains, “The Proposed Order would (i) discharge the Examiner from all further…

The U.S. Bankruptcy Court approved Residential Capital and its official committee of unsecured creditors’ Disclosure Statement and scheduled a November 19, 2013 hearing to consider confirming the Joint Plan of Reorganization. As previously reported, “The Plan is the culmination of extensive, good faith negotiations guided by the Honorable James M. Peck, as mediator (the “Mediator”),…

The U.S. Bankruptcy Court approved Residential Capital’s joint motion for entry of an order (1) preliminarily approving settlement agreement between named plaintiffs, individually and representatives of the Kessler settlement class, and the settling defendants; (2) granting class certification for purposes of settlement only; (3) approving the form and manner of notice to Kessler settlement class…

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