Karmaloop, Inc. Bankruptcy New Filing Alert: Motion/Application For Approval Of A Settlement Pursuant To Rule 9019

On May 7, 2015, a motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 202 and is described on the court’s official docket as follows:

Motion to Approve Compromise under Rule 9019 // Debtors’ Motion to Approve Settlement Agreement Between Debtors and Christopher Mastrangelo Pursuant to 11 U.S.C. Sections 105, 363, and 503(b)(1) and Bankruptcy Rule 9019 Filed by Karmaloop, Inc.. Hearing scheduled for 5/28/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 5/21/2015. (Attachments: # (1) Notice # (2) Proposed Form of Order) (Kortanek, Steven)

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.


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