Fuhu, Inc. (a/k/a Nabi) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 8, 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 Fuhu, Inc. (a/k/a Nabi) and its affiliates.

The filing was assigned docket number 32 and is described on the court’s official docket as follows:

Motion to Shorten Notice and Request for Hearing with Respect to Motion of Debtors for Order (A) Approving Bidding Procedures for the Sale of Substantially All of the Debtors’ Operating Assets, (B) Scheduling an Auction and Sale Hearing, (C) Approving Bid Protections, and (D) Approving Procedures for the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases (related document(s)[4]) Filed by Fuhu, Inc., a Delaware corporation. (Attachments: # (1) Exhibit A) (Robinson, Colin)

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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