On March 11, 2015, a motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of Baxano Surgical Inc. and its affiliates.
The filing was assigned docket number 340 and is described on the court’s official docket as follows:
Motion to Shorten / Motion for Entry of an Order Shortening Time for Notice of the Hearing on the Motion of Debtor for Approval of (I) Stipulation Between the Debtor and Chubb Insurance Company Authorizing Settlement Payment and Payment of Defense Costs with Insurance Proceeds, and (II) Settlement of Claims Against the Estate Pursuant to Federal Rule of Bankruptcy Procedure 9019 and Section 105(A) of the Bankruptcy Code (related document(s)) Filed by Baxano Surgical, Inc.. (Attachments: # (1) Proposed Form of Order # (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.