On November 9, 2015, an objection to the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Molycorp, Inc. and its affiliates.
The filing was assigned docket number 771 and is described on the court’s official docket as follows:
Objection Objection of Ad Hoc 10% Noteholders to Motion of Debtors for Orders (A) Approving a Modified Key Employee Incentive Program and (B) Authorizing the Debtors to File Certain Information Regarding the Modified Key Employee Incentive Program Under Seal (related document(s)) Filed by Ad Hoc 10% Noteholders (Robinson, Colin)
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.