Dendreon Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On December 9, 2014, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Dendreon Corporation and its affiliates.

The filing was assigned docket number 160 and is described on the court’s official docket as follows:

Order (Final) (I)(Authorizing (A) The Continued use of Existing Cash Management System, Bank Accounts, Business Forms, and Deposit and Investment Practices; (B) Payment of Related Prepetition Obligations and (C) a Waiver of Certain Operating Guidelines Relating to Bank Accounts; and (II) Authorizing Continued Engagement in InterCompany Transactions Pursuant to 11 U.S.C. Sections 105(a), 345, and 363, Fed. R. Bankr. P. 6003 and 6004, and Del. Bankr. L. R. 2015-2 and 4001-3> (related document(s)[6], [50], [66], [139]) Order Signed on 12/9/2014. (NAB)

Dendreon Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 10, 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 14-12515. The bankruptcy case is currently assigned to United States Bankruptcy Judge Peter Walsh. The law firm of Skadden, Arps, Slate, Meagher & Flom LLP is acting as lead bankruptcy counsel to Dendreon Corporation in the bankruptcy case.


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