Molycorp

Delaware Bankruptcy Judge: A Carve-Out for Fees Is Not a Cap

01/31/17

Judge Christopher Sontchi recently issued an important opinion in the Molycorp chapter 11 case.  He held that a standard carve-out in a financing order for the fees of counsel and other professionals for an official creditors’ committee will not later limit the ability of such professionals to be paid in full under a confirmed plan of reorganization.  As with

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Motion for Stay Pending Appeal – Denied in District Court

08/24/16

On August 23, 2016, Judge Sue L. Robinson of the Delaware District Court issued an Order denying an appellant’s motion for stay pending appeal.   The decision was issued in a appeals arising from the Molycorp Bankruptcy (which is docketed, at case 15-11357 in the Delaware Bankruptcy Court).  The appeals are docketed in the District Court as Case Numbers 16-286 and 16-288.  A copy of the Opinion is available here.

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