MPM Silicones, LLC (d/b/a Momentive Performance Materials) Bankruptcy New Filing Alert: Objection To The Plan Of Reorganization

On June 17, 2014, an objection to the plan of reorganization was filed in the bankruptcy case of MPM Silicones, LLC (d/b/a Momentive Performance Materials) and its affiliates.

The filing was assigned docket number 421 and is described on the court’s official docket as follows:

Objection Joinder of D. E. Shaw Galvanic Portfolios, L.L.C. to Objection of Fortress Investment Group LLC to Debtors Motion for Orders (I) Authorizing the Debtors to Assume the Restructuring Support Agreement and (II) Authorizing and Approving the Debtors (A) Entry Into and Performance Under the Backstop Commitment Agreement, (B) Payment of Related Fees and Expenses, and (C) Incurrence of Certain Indemnification Obligations (related document(s)[330], [147]) filed by Kristopher M. Hansen on behalf of D. E. Shaw Galvanic Portfolios, L.L.C.. with hearing to be held on 6/19/2014 at 10:00 AM at Courtroom 118, White Plains Courthouse (Hansen, Kristopher)

MPM Silicones, LLC (d/b/a Momentive Performance Materials) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 13, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-22503. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Drain. The law firm of Willkie, Farr & Gallagher LLP is acting as lead bankruptcy counsel to MPM Silicones, LLC (d/b/a Momentive Performance Materials) in the bankruptcy case.

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