September 4, 2018 – The Court hearing the Weinstein Company case approved the motion of The Weinstein Company (“TWC”) and The Weinstein Company Holdings (“TWC Holdings,” and together with TWC, “the TWC Debtors”) requesting Court approval of a settlement by and among  the TWC Debtors, the Chapter 7 Trustee for the Estate of Genius Products…

September 18, 2018 – The Court hearing the GenOn Energy case approved the Debtors’ Third Amended Joint Chapter 11 Plan of Reorganization [Docket No. 1847] to explicitly approve changes to the Plan which relate to the sale of Debtors’ Choctaw generating facility to Entergy. As previously reported [Docket No. 1817], “Out of an abundance of…

September 19, 2018 – Aralez Pharmaceuticals Inc. (“Aralez”) announced that it entered into purchase agreements with two separate stalking horse purchasers to sell their main operating businesses: the first is an agreement to sell its VIMOVO® royalties and Canadian operations to Nuvo Pharmaceuticals Inc. (“Nuvo”) in a transaction valued at $110 million and the second…

September 18, 2018 – Claire’s Stores filed a Third Amended Joint Chapter 11 Plan of Reorganization [Docket No. 1018] which reflects a settlement with second lien notes holder Oaktree Capital (“Oaktree”) reached on September 17, 2018. The changes to the Plan, reflected in a blackline filed with the Court and attached hereto, almost exclusively relate…

September 18, 2018 – Heritage Home Group notified the Court that it cancelled the auction of its “Luxury Brands Business” (comprised of the Hickory Chair, Pearson, Maitland-Smith and La Barge brands) and its intent to designate stalking horse bidder (Hickory Chair, LLC) as the successful bidder, with a bid of $17.45 million [Docket No. 288]….

September 17, 2018 – In a 14-minute hearing, parties to the highly contentious Claire’s Stores, Inc. (“the Company”) bankruptcy confirmed that they had reached a settlement pursuant to which junior bondholder Oaktree Capital Management LP (“Oaktree”) will vote in favor of the Plan proposed by the Company and supported by Claire’s senior lenders, led by…

September 14, 2018 – Rex Energy filed with the Court an Amended Chapter 11 Plan of Liquidation and related Disclosure Statement [Docket No. 895]. The changes encompassed in the revised Disclosure Statement and the revised Plan reflect comments received from the Creditors’ Committee and the Ad Hoc Second Lien Group (each as defined in the…

September 12, 2018 – Plaintiff Jonathon Walker (“Plaintiff”) on behalf of himself and a putative class of similarly situated former employees of Product Quest Manufacturing, LLC, Ei, LLC, Scherer Labs International, LLC, Product Quest Logistics, LLC, JBTRS, LLC, and PQ Real Estate LLC (the “Debtors” or “Defendants”) filed with the Court a class action adversary…

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…