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Preference Actions Filed In NSC Wholesale Holdings In The Delaware Bankruptcy Court - Insolvency/Bankruptcy/Re-structuring


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Starting on October 14, 2020, NSC Wholesale Liquidating Trust
( NSC Trust ), the liquidation trust appointed by the by
the United States Bankruptcy Court for the District of Delaware to
prosecute claims on behalf of the NSC estate, filed approximately
62 complaints seeking the avoidance and recovery of allegedly
preferential and/or fraudulent transfers under Sections 547, 548
and and 550 of the Bankruptcy Code.
By way of background, on October 24, 2018, NSC Wholesale
Holdings, LLC and various of its subsidiaries filed voluntary
petitions in the Delaware Bankruptcy Court. The Debtors continue to ....

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VIVUS Receives Court Approval of Joint Chapter 11 Plan of Reorganization


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
VIVUS Receives Court Approval of Joint Chapter 11 Plan of Reorganization
VIVUS, Inc.December 11, 2020 GMT
CAMPBELL, Calif., Dec. 11, 2020 (GLOBE NEWSWIRE) VIVUS, Inc. (the “Company”), a biopharmaceutical company, today announced that it has received approval from the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) on its
Second Amended
Joint Prepackaged Chapter 11 Plan of Reorganization of VIVUS, Inc. and Its Affiliated Debtors [Docket No. 339] (the “Plan”).
The Bankruptcy Court approved the disclosure statement and solicitation procedures and confirmed the second amended chapter 11 plan of reorganization, which implements the mediated settlement among the Company, Icahn Enterprises Holdings L.P. (dba IEH Biopharma LLC), and the Equity Committee. VIVUS will emerge from chapter 11 as a wholly-owned subsidiary o ....

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