On February 23, 2015, an order regarding the motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) and its affiliates.
The filing was assigned docket number 600 and is described on the court’s official docket as follows:
Order Approving Settlement Agreement With Frascella Capital, JEMS Venture Partners, DWF Investments and Raymond Moyeer (Related Doc # ). Order Signed on 2/23/2015. (Attachments: # (1) Exhibit A) (NAL)
Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 4, 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 14-11848. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Richards, Layton & Finger, P.A. is acting as lead bankruptcy counsel to Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) in the bankruptcy case.