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Business Restructuring Review | May–June 2021 | Jones Day - Vimarsana News

Business Restructuring Review | May–June 2021 | Jones Day

In This Issue: In In re Orexigen Therapeutics, Inc., 990 F.3d 748 (3d Cir. 2021), the U.S. Court of Appeals for the Third Circuit ruled as a matter of first impression that "triangular setoff" does not satisfy the Bankruptcy Code's "mutuality" requirement. Should Equitable Mootness Bar Appeals Only of Chapter 11 Plan Confirmation Orders? As demonstrated by a ruling recently handed down by the U.S. District Court for the Northern District of Texas, courts disagree on whether equitable mootness should apply only to appeals of plan confirmation orders. In Harden Healthcare LLC v. OLP Wyoming ...

In Brief: "Failing" Delaware Corporation Can Transfer Assets to Creditors in Lieu of Foreclosure Without Shareholder Consent | Jones Day - Vimarsana News

In Brief: "Failing" Delaware Corporation Can Transfer Assets to Creditors in Lieu of Foreclosure Without Shareholder Consent | Jones Day

In Stream TV Networks, Inc. v. SeeCubic, Inc., 2020 WL 7230419 (Del. Ch. Dec. 8, 2020), the Delaware Court of Chancery held that the assets of Stream TV Networks, Inc. ("Stream"), an...

Business Restructuring Review | May–June 2021 - Insolvency/Bankruptcy/Re-structuring - Vimarsana News

Business Restructuring Review | May–June 2021 - Insolvency/Bankruptcy/Re-structuring

In This Issue: In  In re Orexigen Therapeutics, Inc., 990 F.3d 748 (3d Cir. 2021), the U.S. Court of Appeals for the Third Circuit ruled as a matter of first impression that "triangular setoff" does not satisfy the Bankruptcy Code's "mutuality" requirement.  Should Equitable Mootness Bar Appeals Only of Chapter 11 Plan Confirmation Orders? As demonstrated by a ruling recently handed down by the U.S. District Court for the Northern District of Texas, courts disagree on whether equitable mootness should apply only to appeals of plan confirmation orders. In  Harden Healthcare LLC v. OLP Wyomi...

Source: mondaq.com
Stream TV Creditors Reach Deal To Back Ch. 11 Dismissal - Vimarsana News

Stream TV Creditors Reach Deal To Back Ch. 11 Dismissal

A Delaware bankruptcy judge Monday heard arguments for and against the dismissal of television technology company Stream TV's Chapter 11 case, with its unsecured creditors coming down for dismissal after reaching a settlement with its secured creditors.

Source: law360.com
Stream TV Lets New Committee Catch Up On Ch. 11 Dismissal - Vimarsana News

Stream TV Lets New Committee Catch Up On Ch. 11 Dismissal

ADVERTISEMENT ADVERTISEMENT Stream TV Lets New Committee Catch Up On Ch. 11 Dismissal Law360 (April 15, 2021, 5:21 PM EDT) -- Bankrupt television technology company Stream TV told a Delaware judge Thursday that it had agreed to delay a hearing on a creditor's motion to dismiss the firm's Chapter 11 case to allow a newly appointed committee of unsecured creditors to get up to speed on the proceedings. During a virtual hearing, attorneys for Stream TV and moving creditor SeeCubic Inc. said an adjournment of the dismissal hearing — originally set for April 26 — would allow enough time for t...

Source: law360.com