October 15, 2108 – Sears Holding (“Sears” or the “Company”) and 42 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-23538. The Company is represented by Jacqueline Marcus of Weil Gotshal & Manges. Further board-authorized engagements include M-III Advisory Partners as…

October 9, 2018 – Toys “R” Us requested Court authority for bidding procedures in respect of the sale of its shared services business (the “Shared Services Business”) [Docket No. 5199]. Central to the bidding procedures motion is the agreement of the Debtors’ Term B Lenders to serve as a stalking horse bidder with a credit…

October 9, 2018 – CSH Winddown, Inc. (f/k/a Color Spot Nurseries) filed a further amended Combined Plan of Liquidation & Disclosure Statement [Docket Nos. 410 and 411]. The Court documents explain, “Because the Plan is a liquidating plan, the ‘liquidation value’ in the hypothetical chapter 7 liquidation analysis for purposes of the ‘best interests’ test…

October 10, 2018 – BHP Billiton Petroleum (KCS Resources) (f/k/a KCS Resources) and BHP Billiton Petroleum Properties (together, “BHP”) filed with the Court a motion for adequate protection against the Debtors [Docket No. 1128]. The motion explains, “EXCO Operating served as operator of certain properties in which BHP owned royalty and working interests (‘BHP’s Interests’)….

October 11, 2018 – GenOn Energy filed a motion seeking to modify its (a) Third Amended Joint Plan of Reorganization and  (b) proposed cash incentive plan (the “Cash Incentive Plan”) [Docket No. 1858]. The Court documents explain, “The Debtors seek to implement final modifications to the Plan and the Cash Incentive Plan that, once approved,…

October 11, 2018 – Elements Behavioral Health requested Court approval for supplemental debtor-in-possession (“DIP”) financing and continued access to cash collateral [Docket No. 503]. The financing motion explains, “Among other things, the Final DIP Order authorized the Debtors to enter into the DIP Credit Agreement, pursuant to which the Debtors were able to borrow up…

October 11, 2018 – The Court hearing the Aralez Pharmaceuticals US case authorized the Debtors’ proposed (i) bidding and sale procedures related to the separate sales of (a) the Debtors’ VIMOVO royalties and Canadian operations to an acquisition subsidiary of Nuvo Pharmaceuticals in a transaction valued at $110 million and (b) the Debtors’ TOPROL assets…

October 11, 2018 – Nighthawk Energy filed with the Court an Amended Plan of Liquidation [Docket No. 215] and a related Disclosure Statement [Docket No. 216]. The Disclosure Statement notes, “The Plan proposed in these Chapter 11 Cases is the culmination of the Debtors’ efforts to maximize value for creditors and other parties in interest…