On November 26, 2014, a motion for setoff or recoupment of claims was filed in the bankruptcy case of Reichhold Holdings US, Inc. and its affiliates.
The filing was assigned docket number 278 and is described on the court’s official docket as follows:
Motion to Authorize (Debtors’ Motion for Order Enabling Reichhold, Inc. to Enter the Agreement to Modify the Automatic Stay to Permit Setoff and Modifying the Automatic Stay to Permit Reichhold, Inc. and The Sherwin-Williams Company to Exercise Their Right to Setoff). Filed by Reichhold Holdings US, Inc.. Hearing scheduled for 12/17/2014 at 10:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 12/10/2014. (Attachments: # (1) Notice of Motion # (2) Exhibit A – Agreement to Modify the automatic Stay to Permit Setoff # (3) Exhibit B – Proposed Order) (Quirk, Marion)
Reichhold Holdings US, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 30, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 14-12237. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Cole, Schotz, Meisel, Forman & Leonard, P.A. is acting as lead bankruptcy counsel to Reichhold Holdings US, Inc. in the bankruptcy case.