S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) Bankruptcy New Filing Alert: Memorandum Of Law With Respect To Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On November 25, 2014, a memorandum of law with respect to motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) and its affiliates.

The filing was assigned docket number 377 and is described on the court’s official docket as follows:

Memorandum of points and authorities in Support of Official Committee of Unsecured Creditors’ Motion for an Order Approving the Sale of Debtors’ Right, Title and Interest in a Class Action Litigation to Cascade Settlement Services, LLC Filed by Creditor Committee The Official Committee of Unsecured Creditors. (Attachments: # 1 Exhibit A – Asset Purchase and Sale Agreement # 2 Exhibit B – Declaration of Seth Van Aalten # 3 Exhibit C – Proposed Order) (Eisenbach, Robert) (Entered: 11/25/2014)

S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 16, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Central District of California . The case number for the lead bankruptcy case is 14-13778. The bankruptcy case is currently assigned to United States Bankruptcy Judge Erithe Smith. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) in the bankruptcy case.


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