On November 16, 2015, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Rdio, Inc. and its affiliates.
The filing was assigned docket number 13 and is described on the court’s official docket as follows:
Chapter 11 First Day Motion. / Debtor’s Emergency Motion For An Order: (1) Approving Bidding Procedures; (2) Approving Stalking Horse Bid Protections Including Break-Up Fee And Expense Reimbursement; (3) Approving Form Of Asset Purchase Agreement For Use By Prospective Overbidders; (4) Scheduling Auction And Court Hearing To Consider Approval Of The Sale To The Highest Bidder; And, (5) Approving Form Of Notice To Be Provided To Interested Parties; Memorandum Of Points And Authorities Filed by Debtor Rdio, Inc. (Gasteier, Philip) (Entered: 11/16/2015)
Rdio, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 16, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of California . The case number for the lead bankruptcy case is 15-31430. The bankruptcy case is currently assigned to United States Bankruptcy Judge Dennis Montali. The law firm of Levene Neale Bender Rankin & Brill LLP is acting as lead bankruptcy counsel to Rdio, Inc. in the bankruptcy case.