Verso Corporation Bankruptcy New Filing Alert: Motion For Appoval Of Claims Trading Procedures

On January 26, 2016, a motion for appoval of claims trading procedures was filed in the bankruptcy case of Verso Corporation and its affiliates.

The filing was assigned docket number 9 and is described on the court’s official docket as follows:

Motion Regarding Chapter 11 First Day Motions // Debtors’ Motion for the Entry of Interim and Final Orders Establishing (I) Notice and Hearing Procedures for Transferring, or Claiming a Worthless Stock Deduction for, Equity Securities of Verso Corporation and (II) an Effective Date for Notice and Sell-Down Procedures for Transferring Claims Against the Debtors Filed By Verso Corporation (Merchant, Michael) (Entered: 01/26/2016)

Verso Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 26, 2016. 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 16-10163. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of O’Melveny & Myers LLP is acting as lead bankruptcy counsel to Verso Corporation in the bankruptcy case.


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