SIGA Technologies, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On July 20, 2015, an objection to the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of SIGA Technologies, Inc. and its affiliates.

The filing was assigned docket number 490 and is described on the court’s official docket as follows:

Objection to Motion /Objection of the United States Trustee to Debtor’s Motion for Entry of an Order (I) Approving Payment of Annual Performance Bonus to Senior Executive Officers and (II) Authorizing Implementation of Key Employee Retention Plan (related document(s)[250]) filed by Richard C. Morrissey on behalf of United States Trustee. (Morrissey, Richard)

SIGA Technologies, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 16, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-12623. The bankruptcy case is currently assigned to United States Bankruptcy Judge Sean Lane. The law firm of Weil, Gotshal & Manges LLP is acting as lead bankruptcy counsel to SIGA Technologies, Inc. in the bankruptcy case.


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