On January 14, 2015, a motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Baxano Surgical Inc. and its affiliates.
The filing was assigned docket number 207 and is described on the court’s official docket as follows:
Motion to Authorize / Motion of the Debtor for Entry of an Order Pursuant to 11 U.S.C. §§ 105 and 363(b) Authorizing and Approving Debtor’s Employee Retention Plan and Payments Thereunder Filed by Baxano Surgical, Inc.. Hearing scheduled for 2/20/2015 at 10:00 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #6, Wilmington, Delaware. Objections due by 1/28/2015. (Attachments: # (1) Notice # (2) Exhibit A) (Demmy, John)
Baxano Surgical Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 12, 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 14-12545. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Stevens & Lee, P.C. is acting as lead bankruptcy counsel to Baxano Surgical Inc. in the bankruptcy case.