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

On April 7, 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 Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 99 and is described on the court’s official docket as follows:

[SEALED] Motion to Approve / Debtors’ Motion for Entry of an Order Approving the Debtors’ Key Employee Retention Plan and Granting Related Relief Filed by Karmaloop, Inc.. Hearing scheduled for 4/30/2015 at 11:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 4/23/2015. (Attachments: # (1) Notice # (2) Exhibit A – Proposed Form of Order with Sealed Exhibit 1) (Horan, Thomas)

Karmaloop, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 23, 2015. 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 15-10635. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Burns & Levinson LLP is acting as lead bankruptcy counsel to Karmaloop, Inc. in the bankruptcy case.


Leave a Reply