DAVIS POLK & WARDWELL/132-29/
THE UNITED STATES Section OF JUSTICE
Export-Import Financial institution of the United States
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Sept 8 (Reuters) – Listed here is a appear at some approaching gatherings of fascination to the bankruptcy legislation neighborhood. Except if usually noted, all moments are neighborhood, and courtroom appearances are digital because of to the COVID-19 pandemic.
Monday, Sept. 13
10 a.m. – Purdue Pharma, after securing court docket acceptance of its reorganization program and $10 billion opioid litigation settlement, will return to court to seek approval of up to $5.4 million in bonuses for five major executives. The U.S. Office of Justice’s bankruptcy watchdog has objected. The situation is In re Purdue Pharma LP, U.S. Individual bankruptcy Court, Southern District of New York, No. 19-bk-23649. For Purdue: Marshall Huebner of Davis Polk & Wardwell.
Tuesday, Sept. 14
10 a.m. – Colombian airline Avianca Holdings SA will request approval to get started soliciting creditor votes for its proposed reorganization plan, which would eradicate all over $3 billion in personal debt. Loan companies would acquire around most of the fairness in the reorganized organization. The situation is In re Avianca Holdings SA, U.S. Personal bankruptcy Courtroom, Southern District of New York, No. 20-11133. For Avianca: Dennis Dunne of Milbank.
Thursday, Sept. 16
2 p.m. – Fracking contractor Standard Vitality Products and services will hold a listening to to sell its assets to a smaller group of consumers offering a blended $72 million, but only if it fails to drum up further bids by the Sept. 10 bid deadline. If a lot more bids are gained, an auction would be held and the sale listening to would be pushed back again to Sept. 23. Standard Strength filed in August its second personal bankruptcy in 5 yrs. The firm is aiming to market its assets. The circumstance is In re Primary Power Expert services, Inc., U.S. Individual bankruptcy Court docket, Southern District of Texas, No. 21-90002. For Primary Electricity: Alfredo Perez of Weil Gotshal & Manges.
Friday, Sept. 17
10 a.m. – Mexican airline Grupo Aeromexico will look for approval to amend a sequence of plane lease amendments with Export-Import Lender of the United States to align with the company’s prolonged-phrase business strategy. The situation is Grupo Aeromexico SAB de CV, U.S. Individual bankruptcy Court, Southern District of New York, No. 20-11563. For Grupo Aeromexico: Timothy Graulich of Davis Polk & Wardwell.
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Reporting by Maria Chutchian
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