ADVERTISEMENT
Watchdog Questions Imerys Talc s Ch. 11 Asset Buy Plans
Law360 (June 15, 2021, 6:18 PM EDT) The Office of the United States Trustee has objected to a proposal from bankrupt talc miner Imerys Talc America to acquire small businesses in its Chapter 11 to serve as investment vehicles for its funds, saying the debtor must show the investments are a proper use of estate resources.
In the objection filed late Monday, the U.S. trustee argues that Imerys must comply with Section 345 of the federal bankruptcy code, which requires an accounting of the costs and risks associated with a debtor s acquisition of assets.
Hedge fund founder Dan Kamensky gets prison sentence for fraud during Neiman Marcus bankruptcy
Kamensky had previously fought the retailer in Dallas courts over the transfer of its former Germany-based Mytheresa unit to the retailer’s private equity owners.
An exterior view of the Neiman Marcus store at NorthPark Center in Dallas.(Tom Fox / Staff Photographer)
10:14 AM on May 10, 2021 CDT
The New York hedge fund founder who was charged with committing fraud during Neiman Marcus’ bankruptcy last year has been sentenced to six months in prison.
Marble Ridge Capital founder Dan Kamensky, 48, pleaded guilty to bankruptcy fraud and extortion committed while he was on a committee of unsecured creditors in the Neiman Marcus bankruptcy.
Thursday, April 29, 2021
On April 19, 2021, the United States Bankruptcy Court for the Eastern District of Virginia granted a motion (the “Seal Motion”) filed by the Intelsat S.A. debtors (the “Debtors”) to seal the hearing on the Debtors’ motion to extend exclusivity and motion to compel plan mediation. Although bankruptcy courts routinely grant motions to seal content included in pleadings, it is uncommon for a court to prevent certain parties, or the general public, from attending a hearing. This article reviews the Debtors’ unusual request.
The Facts
Confidentiality has been of the utmost importance to the Debtors since their chapter 11 bankruptcy cases were filed on May 13, 2020. In order to ensure that confidential information would not be jeopardized during plan negotiations and related discovery, the Debtors and key constituents entered into a confidentiality agreement in September 2020. Subsequently, in December 2020 the Debtors negotiated
Class Action Representative Named to Leadership Role in Griddy Bankruptcy by Department of Justice
Lead plaintiff in proposed class action appointed Chairman of Unsecured Creditors Committee
News provided by
Share this article
Share this article
HOUSTON, April 1, 2021 /PRNewswire/ The United States Department of Justice, through the Office of the United States Trustee, has appointed Lisa Khoury as chairman of a committee to represent all unsecured creditors in the federal bankruptcy proceeding of Griddy Energy. Ms. Khoury is the named plaintiff responsible for filing a class action on behalf of all Griddy customers, and is represented by Derek Potts of Houston-based