SIGA Technologies, Inc. Bankruptcy New Filing Alert: Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On January 28, 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 SIGA Technologies, Inc. and its affiliates.

The filing was assigned docket number 250 and is described on the court’s official docket as follows:

Motion to Approve : Motion of Debtor for Entry of Order Pursuant to 11 U.S.C. §§ 363(b)(1) and 503(c)(3) and Fed. R. Bankr. P. 6004(h) (I) Approving Payment of Annual Performance Bonus to Senior Executive Officers and (II) Authorizing Implementation of Key Employee Retention Plan filed by Stephen Karotkin on behalf of SIGA Technologies, Inc. with hearing to be held on 2/18/2015 at 11:00 AM at Courtroom 701 (SHL) Responses due by 2/11/2015,. (Karotkin, Stephen)

SIGA Technologies, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 16, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-12623. The bankruptcy case is currently assigned to United States Bankruptcy Judge Sean Lane. The law firm of Weil, Gotshal & Manges LLP is acting as lead bankruptcy counsel to SIGA Technologies, Inc. in the bankruptcy case.


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