ManagedStorage International, Inc. (Incentra Solutions, Inc.) Bankruptcy New Filing Alert: Motion/Application For Approval Of A Settlement Pursuant To Rule 9019

On February 23, 2015, a motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of ManagedStorage International, Inc. (Incentra Solutions, Inc.) and its affiliates.

The filing was assigned docket number 663 and is described on the court’s official docket as follows:

Motion to Approve Compromise under Rule 9019 // Motion, Pursuant to Fed.R.Bankr.P. 9019 to Approve Stipulation and Releases Among the Debtors, Secured Creditor Avnet, Inc., and Laurus Related Parties Regarding Purchase Money Security Interest in Collateral (Docket No. 399) Resolving Motion of Secured Creditor Avnet, Inc., to Enforce Sale Order to Specifically Exclude Avnet PMSI Collateral from Sale Assets and to Compel Laurus Master Fund, Ltd., Valens Offshore SPV I, Ltd., Valens Offshore SPV II, Corp., Valens U.S. SPV I, LLC and/or Psource Structured Debt Limited, to Turn over Avnet Collateral (Docket No. 371) Filed by Avnet, Inc. Hearing scheduled for 3/18/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 3/9/2015. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B, Part 1 # (4) Exhibit B, Part 2 # (5) Exhibit C-E # (6) Proposed Form of Order) (Meloro, Dennis)

ManagedStorage International, Inc. (Incentra Solutions, Inc.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 4, 2009. 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 09-10368. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to ManagedStorage International, Inc. (Incentra Solutions, Inc.) in the bankruptcy case.


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