Dendreon Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 17, 2014, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Dendreon Corporation and its affiliates.

The filing was assigned docket number 195 and is described on the court’s official docket as follows:

Order (I) Establishing Bidding Procedures Relating to the Sale of Substantially all of the Debtors’ Assets; (II) Establishing Procedures for the Debtors to Enter Into Stalking Horse Agreement with Bid Protections In Connection with a Sale of Substantially all of the Debtors’ Assets; (III) Establishing Procedures Relating to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, Including Notice of Proposed Cure Amounts; (IV) Approving Form and Manner of Notice of all Procedures, Protections, Schedules and Agreements, (V) Scheduling a Hearing to Consider the Proposed Sale; and (VI) Granting Certain Related Relief. (related document(s)[17], [62], [124]) Order Signed on 12/17/2014. (Attachments: # (1) Exhibit 1) (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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