Universal Cooperatives, Inc. Bankruptcy New Filing Alert: Motion/Application For Approval Of A Settlement Pursuant To Rule 9019

On July 1, 2015, a motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of Universal Cooperatives, Inc. and its affiliates.

The filing was assigned docket number 1074 and is described on the court’s official docket as follows:

Joint Motion to Approve Compromise under Rule 9019 Approving Settlement Agreement By and Among the Debtors, the Official Committee of Unsecured Creditors, and PBGC (i) Fixing the Amount of PBGC’s Claims, (ii) Supplementing Distribution to Other General Unsecured Creditors, and (iii) Resolving Related Matters Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS, Universal Cooperatives, Inc.. Hearing scheduled for 7/22/2015 at 10:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 7/15/2015. (Attachments: # (1) Notice of Motion # (2) Exhibit A (Proposed Order)) (Magaziner, Andrew)

Universal Cooperatives, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 11, 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 14-11187. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Foley & Lardner LLP is acting as lead bankruptcy counsel to Universal Cooperatives, Inc. in the bankruptcy case.


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