Magnetation LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On May 5, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Magnetation LLC and its affiliates.

The filing was assigned docket number 18 and is described on the court’s official docket as follows:

Expedited Motion for use of cash collateral filed by Debtor Magnetation LLC. An affidavit or verification, Memorandum of law, Proposed order, Verified statement of debtor. Preliminary Hearing scheduled 5/7/2015 at 10:00 AM at Courtroom 2A, 2nd floor, 316 North Robert Street, St. Paul, Judge Gregory F. Kishel. (Olson, Sarah) (Entered: 05/05/2015)

Magnetation LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 5, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Minnesota. The case number for the lead bankruptcy case is 15-50307. The bankruptcy case is currently assigned to United States Bankruptcy Judge Gregory Kishel. The law firm of Davis Polk & Wardwell LLP is acting as lead bankruptcy counsel to Magnetation LLC in the bankruptcy case.


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