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

On June 18, 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 475 and is described on the court’s official docket as follows:

Statement / Joinder of Napier Park Global Capital to Objection of Fortress Investment Group LLC to Debtors’ Motion for Orders (I) Authorizing Debtors to Assume the Restructuring Support Agreement and (II) Authorizing and Approving 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]) filed by Douglas Mannal on behalf of Napier Park Global Capital US L.P.. (Mannal, Douglas)

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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