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
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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
The 20 Announces Daniel K Astin as Strategic Legal Advisor prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
US Trustee Questions Need For Stream TV s Ch 11 Filing law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.