On May 14, 2015, an objection to the determination of the amount of a cure claim was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.
The filing was assigned docket number 223 and is described on the court’s official docket as follows:
Objection (s) of (A) TC Tradeco LLC to Proposed Cure Amount Regarding Assumption and Assignment of Inventory Supply Agreement and Request for Adequate Assurance of Future Performance and (B) 40JV LLC to Assumption and Assignment of Purposed License, (related document(s)) Filed by TC Tradeco LLC (Reilley, Patrick)
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.