SportCo Holdings, Inc., a Chaplin, South Carolina-based marketer and distributor of products for outdoor enthusiasts, filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11299), along with eight of
Bankruptcy
Convergence in the US and UK Markets on Sponsor-Friendly Loan Documentation?
Over the past several years in the US, commentators have noted the resurgence of covenant lite deals, including increasingly in the middle market and direct lending space. When (as?) the credit cycle turns, naysayers worry that these structures may impact…
What We’re Reading This Week [June 7, 2019]
Supreme Court Adopts Objective Standard for Bankruptcy Discharge Violations
What better way to wake Plan Proponent from a seven (!) month slumber than a minor Supreme Court opinion? Monday’s Taggart v. Lorenzen decision is not a confirmation opinion, but we’ve always tried to cover the Court’s bankruptcy decisions. In…
Delaware Organizational Meeting- FTD Companies, Inc.
Upcoming Committee Formation Meeting: Wednesday, June 12, 2019
Case Name: 19-11240 (LSS)
Location: Delaware State Bar Association 405 King Street, 2nd Floor Wilmington, DE 19801
Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the …
SCOTUS: No Contempt For Violating Discharge Order If “Fair Ground Of Doubt” As To Lawfulness Of Conduct
Yesterday, the Supreme Court held in a 9-0 decision that a creditor cannot be held in contempt of court for violating a bankruptcy discharge order if there is a “fair ground of doubt” as to whether the order barred the creditor’s…
Delaware Organizational Meeting- White Star Petroleum Holdings, LLC
Recent SDNY Decision Adds to the Fray: When Do Courts Approve Non-Consensual Releases?
A “third-party release” in bankruptcy refers to a release that is given to a non-debtor party by other non-debtors – like creditors. Third-party release issues typically arise in the context of chapter 11 plan negotiations (which is essentially a contract…
New Delaware Chapter 11 – FTD Companies, Inc., et al.
FTD Companies, Inc., along with fourteen affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11240). FTD, based in Downers Grove, IL, is a…
Supreme Court Opinion: Bankruptcies Do Not Revoke TM Licenses
This article is written by Elizabeth A. Patton and originally appeared on the Fox Advertising Law blog, https://advertisinglaw.foxrothschild.com
This week, the U.S. Supreme Court issued a decision in the Product Holdings, Inc. v. Tempnology, LLC N/K/A Old Cold LLC case previously blogged about …