On May 15, 2015, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Variant Holding Company, LLC and its affiliates.
The filing was assigned docket number 322 and is described on the court’s official docket as follows:
Motion to Authorize /Debtor’s Supplemental Motion for Order: (I) Authorizing Debtor to Cause Its Non-Debtor Subsidiaries to Sell Their Assets Pursuant to the Reinstated and Amended Portfolio Purchase and Sale Agreement Relating to the Texas/East Coast Portfolio; and (II) Authorizing Debtor to Take All Necessary and Appropriate Actions In Connection With the Foregoing Filed by Variant Holding Company, LLC. (Attachments: # (1) Exhibit A – Texas East Coast PSA # (2) Exhibit B – 4th Amendment # (3) Exhibit C – Proposed Order # (4) Certificate of Service and Service List) (Keane, Peter)
Variant Holding Company, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 28, 2014. 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 14-12021. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to Variant Holding Company, LLC in the bankruptcy case.