Molycorp, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On June 26, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Molycorp, Inc. and its affiliates.

The filing was assigned docket number 90 and is described on the court’s official docket as follows:

Order (INTERIM) (I) Approving the Continued use of the Debtors’ Cash Management System, Bank Accounts and Business Forms, (II) Permitting Certain Inter-Debtor Transactions, Intercompany Transactions and Setoff and (III) Granting Related Relief. (related document(s)[14]) Order Signed on 6/26/2015. (NAB)

Molycorp, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 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 15-11357. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Molycorp, Inc. in the bankruptcy case.


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