On November 24, 2015, an objection to 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 Molycorp, Inc. and its affiliates.
The filing was assigned docket number 856 and is described on the court’s official docket as follows:
Objection to Motion of Debtors for an Order (A) Approving Bidding Procedures for the Sale of the Debtors’ Assets, (B) Approving Certain Bidder Incentives in Connection With the Debtors’ Entry Into a Stalking Horse Agreement, if any and (C) Approving Procedures for the Assumption and Assignment of Executory Contracts and Unexpired Leases (related document(s)) Filed by Bond Safeguard Insurance Co. and Lexon Insurance Co., Ironshore Indemnity, Inc. (Attachments: # (1) Certificate of Service) (Powell, Jason)
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.