The coming week in bankruptcy: September 27, 2021
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September 22 (Reuters) – Here is a look at some upcoming events of interest to the bankruptcy law community. Unless otherwise specified, all times are local and court appearances are virtual due to the COVID-19 pandemic.
Monday September 27
1:30 p.m. – Remington Outdoor Company will hold a status conference on the consumption of its liquidation plan, which was approved by a bankruptcy judge in March. The company sold its assets to multiple buyers in 2020 for a combined $ 157 million. The case is In re Remington Outdoor Co, United States Bankruptcy Court, Northern District of Alabama, No. 20-bk-81688. For Debtors: Steve Warren of O’Melveny & Myers.
Tuesday September 28
10:00 am – Luxury furniture retailer ABC Carpet & Home will seek approval of its sales procedures with the aim of finalizing the sale of its assets by the end of October. The company has lined up a main offer of $ 15.3 million from an entity controlled by Regal Investments. The case is In re ABC Carpet Co. Inc., US Bankruptcy Court, Southern District of New York, No. 21-11591. For ABC: Oscar Pinkas of Greenberg Traurig.
Wednesday September 29
11h00 – The shareholders of the satellite operator Intelsat SA will ask a bankruptcy judge to appoint an examiner to investigate potential asset claims and the value of Intelsat’s parent entity, claiming that the company’s current reorganization plan is based on settlements for the benefit of Intelsat affiliates only. The case is In re Intelsat SA, US Bankruptcy Court, Eastern District of Virginia, No. 20-32299. For Intelsat: Edward Sassower of Kirkland & Ellis. For the shareholders: Harold Kaplan of Foley & Lardner and David Kovel of Kirby McInerney.
Thursday September 30
2:00 p.m. – Purdue Pharma will hold a status conference on a movement the U.S. Department of Justice’s bankruptcy watchdog, the U.S. Trustee, to stay the implementation of an order approving the manufacturer’s reorganization plan for OxyContin and the resolution of the opioid litigation while the appeals against the order continue. The case is In re Purdue Pharma LP, US Bankruptcy Court, Southern District of New York, No. 19-bk-23649. For Purdue: Marshall Huebner of Davis Polk & Wardwell. For the American Trustee: Attorney General of the Department of Justice Benjamin Higgins.
Friday October 1
11:30 a.m. – The Brazos Electric Power Cooperative will hold a hearing regarding its challenge to the $ 2.1 billion bill it received from the Electric Reliability Council of Texas following the historic February winter storm that affected left millions of people in the state without electricity. The case is In re Brazos Electric Power Cooperative Inc, US Bankruptcy Court, Southern District of Texas, No. 21-30725. For Brazos: Louis Strubeck of O’Melveny & Myers. For ERCOT: Kevin Lippman of Munsch Hardt Kopf & Harr.
Do you know of an event that could be included in Week Ahead in Bankruptcy? Contact Maria Chutchian at [email protected]
Reporting by Maria Chutchian