Fox Partner Mette Kurth discusses the NovaSom, Inc.’s recent Chapter 11 case in Delaware: NovaSom, Inc. has filed a Chapter 11 case in Delaware in order to sell its business through a “363” bankruptcy auction. We are providing you with information ... Read full article
In the decision of In re Fairfield Sentry Ltd. , 2014 WL 4783370, *4-5 (2d Cir. Sept. 26, 2014) , the U.S. Court of Appeals for the Second Circuit ruled that a U.S. ... Read full article
Successor liability is often a concern for the acquirer when purchasing substantially all of a seller’s assets. While this risk is well known, the circumstances under which an acquirer will be found liable under the theory of successor liability are less ... Read full article
Successor liability is often a concern for the acquirer when purchasing substantially all of a seller’s assets. While this risk is well known, the circumstances under which an acquirer will be found liable under the theory of successor liability are less ... Read full article
By Raphaela Taylor ... Read full article
Follow @Chapter11Cases In its court filing this afternoon formally announcing the cancellation of tomorrow’s auction, Borders Group, Inc. disclosed that it “received a bid from a non-insider to purchase the inventory, furniture, fixtures, equipment and ... Read full article
Follow @Chapter11Cases Borders Group, Inc. (BGPIQ.PK) announced this afternoon that “it did not require” the auction which was scheduled for tomorrow afternoon because it did not receive a “formal proposal from a going concern bidder.” The company had ... Read full article
The United States Trustee filed a bankruptcy court notice last Wednesday in the HearUSA, Inc. chapter 11 case. In the notice, the U.S. Trustee disclosed that it has appointed an Official Committee of Equity Security Holders in the bankruptcy cases. The ... Read full article
