Fuhu, Inc. (a/k/a Nabi) Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On December 7, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Fuhu, Inc. (a/k/a Nabi) and its affiliates.

The filing was assigned docket number 3 and is described on the court’s official docket as follows:

Motion to Approve Use of Cash Collateral Motion of Debtors for Entry of Interim and Final Orders (A) Authorizing Use of Cash Collateral, (B) Confirming Debtors’ Ability to Sell Inventory, (C) Granting Adequate Protection to Secured Creditors, and (D) Setting Final Hearing Filed By Fuhu, Inc. (Attachments: # 1 Exhibit 1)(Seidl, Michael) (Entered: 12/07/2015)

Fuhu, Inc. (a/k/a Nabi) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 7, 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 15-12465. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Bryan Cave LLP is acting as lead bankruptcy counsel to Fuhu, Inc. (a/k/a Nabi) in the bankruptcy case.


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