On May 6, 2015, an order regarding the motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of Naartjie Custom Kids, Inc. and its affiliates.
The filing was assigned docket number 510 and is described on the court’s official docket as follows:
Order Granting Joint Motion of the Debtor and Official Committee of Unsecured Creditors, Pursuant to Federal Rule of the Bankruptcy Procedure 9019, for the Entry of and order Approving a Settlement with Synclaire Brands, Inc. The proof of claim shall be deemed an allowed administrative claim in the reduced total amount of $100,000.00, which shall be paid on a parri passu basis with all other claims. The license agreement shall be deemed terminated upon courts approval. Synclaire shall have no obligation to pay the 2014 or 2015 gauranteed minimum payment. The court retains exclusive jurisdiction with respect to all matters arising form or realted to the implementation of this order. (related document(s):454 Motion to Approve Settlement/Compromise) (mkh) (EOD: 05/06/2015)
Naartjie Custom Kids, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 12, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Utah. The case number for the lead bankruptcy case is 14-29666. The bankruptcy case is currently assigned to United States Bankruptcy Judge William Thurman. The law firm of Dorsey & Whitney LLP is acting as lead bankruptcy counsel to Naartjie Custom Kids, Inc. in the bankruptcy case.