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Tort Claimants Committee for Boy Scouts of America Bankruptcy Rejects Proposed Settlements
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Tort Claimants Committee for Boy Scouts of America Bankruptcy Rejects Proposed Settlements
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
And the bills keep coming.
Easterday Ranches filed for bankruptcy protection Feb. 1, followed by Easterday Farms one week later.
The two Chapter 11 cases in U.S. Bankruptcy Court are being jointly administered âfor procedural purposes only,â with court staff maintaining one file.
Documents recently filed in the main case detail how much the three law firms hired by the Easterdays are seeking in compensation and reimbursement for Feb. 1 through May 31. They are the most recent fee applications on file.
The total for four months is $4.67 million.
That does not include the $1.4 million requested by attorneys who are tasked with making sure the unsecured creditors for both companies are represented.
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EMERYVILLE, Calif., May 12, 2021 /PRNewswire/ MobiTV, Inc. ( MobiTV ) today announced that TiVo Corporation ( TiVo ), a wholly owned subsidiary of Xperi Holding Corporation, has been selected as the winning bid in its court-supervised auction and will acquire substantially all of MobiTV s assets. TiVo s bid was valued at $18.5 million in a combination of cash and certain assumed liabilities. The transaction is subject to Bankruptcy Court approval, as well as regulatory approvals and customary closing conditions.
Charlie Nooney, CEO of MobiTV, stated, On behalf of our entire management team, I d like to extend sincere gratitude to the employees and partners that have enabled us to reach this outcome. We look forward to a swift close of the transaction.
| 02 March 2021
Aiming to shore up its finances as it restructures, app-based TV video delivery solutions provider MobiTV and its subsidiaries have voluntarily filed for fiscal relief under chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware.
After it said was a thorough process of evaluating all strategic alternatives, MobiTV’s board of directors unanimously decided that pursuing a restructuring through a formal chapter 11 process was a necessary step forward for the business. As part of the process, MobiTV has received a commitment for a $15.5 million debtor-in-possession (DIP) financing facility, subject to Court approval, that the company says will enable it to see out the duration of its restructuring process, providing a financial runway and flexibility to execute on what the company called a “value-maximising” solution, which may include a going-concern sale under section 363 of the Bankruptcy Code.
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