In a decision regarding the use of equity rights offerings with potentially significant ripple effects across the restructuring industry, Judge Andrew Hanen of the United States District Court for the Southern District of Texas reversed Bankruptcy Judge Christopher Lopez’s order confirming the plan of reorganization of ConvergeOne Holdings and affiliates (the “Debtors”), holding that the … Continue Reading
Is there any downside to a debtor filing a motion to estimate a claim? Or, is an estimation motion simply procedural in nature? As the debtors recently discovered in In re SC SJ Holdings LLC, a motion to estimate a claim before a bankruptcy court may not always lead to a significantly reduced claim, and … Continue Reading
Even prior to the COVID-19 pandemic, most retail bankruptcy cases involved at least some effort to maximize value by selling real estate holdings. The Bon Ton Stores, Forever 21, Sears, and Toys ‘R’ Us cases, among others, are perfect examples. These cases have, for the most part, achieved such sales under section 363(f) of the … Continue Reading
Our Global Supply Chain and R&I teams have produced a recent article that focuses on the impact of the COVID-19 virus on automotive supply chains. Read the full article on our Global Supply Chain blog.… Continue Reading
The retail sky is falling. At least that is how it appears from recent and unprecedented number of retailers filing for bankruptcy. From iconic stores such as Sears and Toys ‘R’ Us, to department stores such as Bon Ton, to mall stores including Brookstone, The Rockport Company, Nine West, among others. The reasons given for … Continue Reading
