Chapter 11, Title 11, United States Code

PARTY CITY SHAREHOLDER NOTICE: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Party City To Contact Him Directly To Discuss Their Options

Retrieved on: 
Wednesday, September 27, 2023

If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.

Key Points: 
  • If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • Then, on January 17, 2023, Party City filed for bankruptcy pursuant to Chapter 11 of the U.S. Bankruptcy Code.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Party City's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Schulte Roth & Zabel Forms Special Situations Group

Retrieved on: 
Wednesday, September 27, 2023

Schulte Roth & Zabel is pleased to announce the formation of the firm’s dedicated Special Situations group.

Key Points: 
  • Schulte Roth & Zabel is pleased to announce the formation of the firm’s dedicated Special Situations group.
  • Co-chaired by partners Adam Harris and Doug Mintz, the Special Situations group is a multidisciplinary team focused on helping clients achieve their legal and financial objectives across the spectrum of stressed and distressed transactions.
  • The creation of this group represents a natural evolution of our collaborative structure to meet evolving client needs.”
    The formation of Schulte’s Special Situations Group comes as the firm continues to receive recognition for its business advisory work with leading private funds.
  • In The Deal’s Q2 Bankruptcy League Tables, Schulte was ranked fifth overall for Law Firms based on dollar volume.

Seadrill Announces Approval of Restated Management Incentive Plan and New Incentive Awards

Retrieved on: 
Wednesday, September 27, 2023

The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company.

Key Points: 
  • The Board of Directors of Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has approved an amended and restated management incentive plan (the "Restated Plan") under which awards may be made to certain members of the Company's management, and other leading employees, outside directors and consultants of the Company.
  • The Restated Plan is designed to align the interests of eligible participants with those of the Company’s shareholders.
  • The Board of Directors of the Company adopted the Restated Plan to effect changes to the management incentive plan approved by the Board of Directors in August 2022 (the “Plan”) that were intended in part to address feedback received from shareholders of the Company.
  • The Restated Plan will become effective upon its approval by the Company’s shareholders at the Company’s upcoming Annual General Meeting.

Getzler Henrich & Associates' Kevin Krakora Featured as Automotive Industry Turnaround Expert in Automotive News

Retrieved on: 
Tuesday, September 26, 2023

Key Points: 
  • https://www.autonews.com/sponsored/insights-automotive-turnaround-expert
    In addressing how Tier 1 and Tier 2 suppliers are performing in today's market, Mr. Krakora said, "Most suppliers are 'hanging in there.'
  • The top-performing companies have operational costs under control and are doing their best to anticipate and react to the more uncontrollable aspects of their businesses.
  • As head of Getzler Henrich's Automotive Practice Automotive, Kevin Krakora advises boards of directors and executive management teams regarding strategic alternatives and performance improvement plans.
  • As the 2019 Global Chair of the Turnaround Management Association®, Kevin Krakora, CTP, will be among the past TMA Chairs being recognized at the 2023 TMA Annual Conference in San Francisco, October 3 – 5, 2023.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Apellis, Party City, and Hayward and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, September 23, 2023

SYFOVRE is designed to provide comprehensive control of the complement cascade, part of the body’s immune system.

Key Points: 
  • SYFOVRE is designed to provide comprehensive control of the complement cascade, part of the body’s immune system.
  • For more information on the Apellis class action go to: https://bespc.com/cases/APLS
    After trading on January 17, 2023, Party City filed for bankruptcy protection under Chapter 11.
  • As a result, the price of Hayward Holdings common stock fell nearly 24%, damaging investors.
  • For more information on the Hayward class action go to: https://bespc.com/cases/HAYW

UpHealth Subsidiary, UpHealth Holdings, Files Voluntary Reorganization Under Chapter 11 of the U.S. Bankruptcy Code

Retrieved on: 
Tuesday, September 19, 2023

DELRAY BEACH, Fla., Sept. 19, 2023 (GLOBE NEWSWIRE) -- UpHealth, Inc. (“UpHealth,” the “Company”) (NYSE: UPH), a global digital health company delivering technology platforms, infrastructure, and services to modernize care delivery and health management, today announced that its subsidiary, UpHealth Holdings, has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Court”). The Chapter 11 filing follows the September 14, 2023 decision by a trial court in New York to grant summary judgment in favor of Needham & Company LLC (“Needham”) in a lawsuit unrelated to the Company’s operations.

Key Points: 
  • The Chapter 11 filing follows the September 14, 2023 decision by a trial court in New York to grant summary judgment in favor of Needham & Company LLC (“Needham”) in a lawsuit unrelated to the Company’s operations.
  • Sam Meckey, Chief Executive Officer of UpHealth, stated: “Following the summary judgement, we immediately initiated a comprehensive review of our options, and determined that voluntarily filing for Chapter 11 is necessary to mitigate the financial impact of the trial court’s decision.
  • We do not expect this announcement to have any impact on our operations or on the work we are doing to deliver technology-enabled services to our customers.
  • DLA Piper is serving as legal counsel to UpHealth.

AeroFarms Emerges Fully Funded from Chapter 11

Retrieved on: 
Monday, September 18, 2023

AeroFarms’ emergence from Chapter 11 includes the approval from the bankruptcy court for its Asset Purchase Agreement (“APA”) with a group of existing investors, led by Grosvenor Food & AgTech (GFA), including an expanded relationship with Doha Venture Capital.

Key Points: 
  • AeroFarms’ emergence from Chapter 11 includes the approval from the bankruptcy court for its Asset Purchase Agreement (“APA”) with a group of existing investors, led by Grosvenor Food & AgTech (GFA), including an expanded relationship with Doha Venture Capital.
  • This restructuring substantially strengthens AeroFarms’ balance sheet, injecting the necessary funds to reach profitability at the flagship operation in Danville, Virginia.
  • “This marks a new chapter in the maturity and growth of AeroFarms,” stated Stephan Dolezalek, Managing Partner, Grosvenor Food & AgTech (GFA).
  • The Company will continue to provide regular updates as specific elements of its strategic plan and Chapter 11 filing meet targeted milestones.

PARTY CITY ONGOING DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Party City To Contact Him Directly To Discuss Their Options

Retrieved on: 
Friday, September 22, 2023

If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.

Key Points: 
  • If you suffered losses exceeding $100,000 investing in Party City stock or options between November 8, 2022 and June 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • Then, on January 17, 2023, Party City filed for bankruptcy pursuant to Chapter 11 of the U.S. Bankruptcy Code.
  • The bankruptcy filings reveal that Party City was well aware of its liquidity problems and credit facility shortfall for several months.

American Physician Partners Files Chapter 11 Petitions as it Finalizes Orderly Wind Down

Retrieved on: 
Tuesday, September 19, 2023

Through the transition, there was no interruption to patient care and APP satisfied or arranged for the satisfaction of significant obligations of the Company.

Key Points: 
  • Through the transition, there was no interruption to patient care and APP satisfied or arranged for the satisfaction of significant obligations of the Company.
  • APP filed for Chapter 11 after careful consideration and in consultation with management, advisors, and the Board.
  • Throughout this wind down process, the Company’s priority has been to minimize disruption for APP’s valued hospital and health system partners and the communities they serve.
  • The Company is seeking Court approval to consensually use cash collateral to fund its orderly wind down during the Chapter 11 cases.

TEAMSTERS URGE SENATE TO BEGIN BANKRUPTCY REFORM HEARINGS ON YELLOW

Retrieved on: 
Tuesday, September 19, 2023

WASHINGTON, Sept. 19, 2023 /PRNewswire/ -- The Teamsters Union is calling for the Senate to investigate the unfolding bankruptcy at Yellow Corp., following today's special Senate Judiciary Committee hearing on corporate manipulation of Chapter 11 bankruptcy.

Key Points: 
  • WASHINGTON, Sept. 19, 2023 /PRNewswire/ -- The Teamsters Union is calling for the Senate to investigate the unfolding bankruptcy at Yellow Corp., following today's special Senate Judiciary Committee hearing on corporate manipulation of Chapter 11 bankruptcy.
  • "This issue has become relevant to my state because just last month, Yellow Corp., one of the largest LTL carriers in the country, filed for bankruptcy.
  • This bankruptcy jeopardizes the livelihood and health benefits of many hardworking Minnesotans, including 480 Minnesota Teamsters."
  • We call upon Senator Sanders and Senator Durbin to begin hearings," said Teamsters General President Sean M. O'Brien.