October 1, 2018 – Gibson Brands filed with the U.S. Bankruptcy Court a monthly operating report for August 2018 [Docket No. 862]. For the month, the consolidated Debtors reported operating income of $4.5 million and a net loss of $6.2 million on $23.8 million in net sales, the net loss reflecting primarily (i) $7.7 million…

October 1, 2018 – Toys “R” Us notfied the Court aof its intention to cancel its scheduled intellectual property auction and contemplated new, operating Toys “R” Us and Babies “R” Us branding company [Docket No. 5058]. The Debtors explain, “On June 28, 2018, the Court entered the Order (I) Amending the U.S. Intellectual Property Bidding…

October 1, 2018 – In a development first reported by the Wall Street Journal, two of the private equity owners of Toys “R” Us Inc. are considering a $20 million fund from which thousands of former employees of the bankrupt retailer would receive some form of severance payment. According to a person close to ongoing…

October 1, 2018 – Gibson Brands filed a Fifth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 842] and a related memorandum of law in support [Docket No. 850]. The Court documents and the memorandum explains, “This is a single Plan for all of the Debtors with respect to the classification, treatment and voting…

October 1, 2018 – Verity Health System of California requested a  Court order that would (i) approve the form of its Asset Purchase Agreement (the “Stalking Horse APA”) which designates Santa Clara County as the stalking horse bidder for two hospitals in Santa Clara County (ie Saint Louise Medical Center and O’Connor Medical Center, collectively,…

September 28, 2018 – Ranger Specialty Income Fund, LP (“Ranger Domestic”), Ranger Direct Lending Fund Trust (“Ranger Offshore”) and Ranger Alternative Management II, LP (collectively, “Ranger”), requested that the Court convert the Princeton Alternative Income Fund (“PAIF”) case from a Chapter 11 reorganization to Chapter 7 liquidation [Docket No. 335] and submitted a memorandum of…

September 28, 2018 – The U.S. Trustee assigned to the Thornburg Mortgage case requested Court approval of a settlement between the U.S. Trustee and RBS Defendants [Docket No. 2736].  The Trustee explains, “On April 30, 2011, the Trustee filed a Complaint (as amended on June 8, 2011) against the RBS Defendants and JPMorgan Chase Funding…

September 28, 2018 – Claire’s Stores filed with the U.S. Bankruptcy Court a monthly operating report for the period of August 5, 2018 through September 1, 2018 [Docket No. 1058]. For the period, the consolidated Debtors reported operating income of $10.7 million and a net loss of $277,814 on $119.8 million in net sales. The…