On January 4, 2018, Sears Holding Corporation released a statement on its website: “Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to right size our store footprint in number and size. In the process, as previously announced we will continue to close some unprofitable…

TerraVia Holdings filed with the U.S. Bankruptcy Court a combined Disclosure Statement and Chapter 11 Plan of Liquidation [further revised]. Documents filed with the Court explain, “The Combined Disclosure Statement and Plan contemplates the liquidation and dissolution of the Debtors and the resolution of all outstanding Claims and Interests….The Debtors believe that the Combined Disclosure…

Energy Future Holdings filed with the U.S. Bankruptcy Court an objection to Elliott Associates’ motion to appoint a representative of the majority creditors to the fee committee. The objection asserts, “The Fee Committee, as an officer of the Court is tasked with maintain the delicate balance between maximizing value for the benefit of all of…

The U.S. Bankruptcy Court denied Protea Biosciences Group’s emergency settlement motion with AzurRx Biopharma. The denial order states, “Upon consideration of the argument of counsel and for reasons fully stated on the record, the court does hereby ORDER that the Motion to Approve Settlement is DENIED.” The Company previously argued, “The proposed settlement arises in…

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