Magnetation LLC Bankruptcy New Filing Alert: Application For Authority To Retain Professionals

On May 28, 2015, a application for authority to retain professionals was filed in the bankruptcy case of Magnetation LLC and its affiliates.

The filing was assigned docket number 141 and is described on the court’s official docket as follows:

Joint Motion for an Order Authorizing Nunc Pro Tunc to May 26, 2015, the Retention and Employment of FTI Consulting, Inc. Under 11 U.S.C. ยง363 and Designation of Michael J. Talarico as Chief Restructuring Officer for the Debtors filed by Magnetation LLC . An affidavit or verification, Memorandum of law, Proof of service, Proposed order. Hearing scheduled 6/10/2015 at 10:00 AM at Courtroom 2A, 2nd floor, 316 North Robert Street, St. Paul, Judge Gregory F. Kishel. (AnitaM MNBD) (Entered: 05/28/2015)

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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