The owner’s offer of royalties to delay ch. 11 Shot


By Leslie Pappas (September 16, 2021, 5:24 p.m. EDT) – A Delaware bankruptcy judge denied a royalty owner’s request to stay MTE Holdings LLC’s bankruptcy plan pending appeal in district court , estimating that the delay could jeopardize an amount of $ 85.7 million in sales and put too many creditors at risk.

U.S. bankruptcy judge Craig T. Goldblatt said in an opinion filed Wednesday that accepting Allar’s request to delay the plan it confirmed on September 3 “would fundamentally upend the applecart,” particularly because that creditors have painstakingly negotiated specific settlements to ensure the sale to MTE’s reorganization center goes through.

Such a delay could jeopardize the sale itself, endangering …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!



Previous Facebook failed to fix systems that allowed cartels and traffickers to repeat their behavior, according to Docs Show
Next HighGold hits hard in gold-silver at JT