Ampal – American Israel Corporation  Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On June 24, 2014, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Ampal – American Israel Corporation  and its affiliates.

The filing was assigned docket number 428 and is described on the court’s official docket as follows:

Order Signed On 6/24/2014 Re: Granting Chapter 7 Trustees Motion For Order (I) Authorizing Trustee To Enter Into Litigation Financing Agreement Pursuant To 11 U.S.C. §§364(b) And 364(e), And (II) Modifying Automatic Stay Pursuant To 11 U.S.C. §362(d) To Permit Trustee To Implement Terms Of Litigation Loan(Related Doc # [407]). (Greene, Chantel)

Ampal – American Israel Corporation  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 29, 2012. 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 12-13689. The bankruptcy case is currently assigned to United States Bankruptcy Judge Stuart Bernstein. The law firm of Bryan Cave LLP is acting as lead bankruptcy counsel to Ampal – American Israel Corporation  in the bankruptcy case.

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