IMRIS, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 16, 2015, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of IMRIS, Inc. and its affiliates.

The filing was assigned docket number 98 and is described on the court’s official docket as follows:

Order (A) Approving Procedures in Connection with the Sale of Substantially All of the Debtors’ Assets; (B) Scheduling the Related Auction and Hearing to Consider Approval of Sale; (C) Approving Procedures Related to the Assumption of Certain Executory Contracts and Unexpired Leases; (D) Approving the Form and Manner of Notice Thereof; (E) Approving Expense Reimbursement; and (F) Granting Related Relief; and (II)(A) Authorizing the Sale of Substantially All of the Debtors’ Assets Free and Clear of Liens, Claims, Encumbrances, and Other Interests; (B) Approving the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases Related Thereto; and (C) Granting Related Relief. (Related Doc # [15]) Order Signed on 6/16/2015. (Attachments: # (1) Exhibit 1 # (2) Exhibit 2 # (3) Exhibit 3 # (4) Exhibit 4) (BJM)

IMRIS, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 25, 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 15-11133. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to IMRIS, Inc. in the bankruptcy case.


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