On January 18, 2016, an objection to the 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 303 and is described on the court’s official docket as follows:
Objection by Hon Hai Precision Industry Co., LTD and Fusing International, Inc. To Debtors; Motion for Order (A) Approving Asset Purchase Agreement and Authorizing the Sale of Substantially All of the Debtors’ Operating Assets; (B) Authorizing the Sale of Assets Free and Clear of All Liens, Claims, Rights, Encumbrances and Other Interests Pursuant to Bankruptcy Code Sections 105, 363(b), 363(f) and 363(m); (C) Assuming and Assigning Certain Executory Contracts and Unexpired Leases; and (D) Granting Related Relief (related document(s), ) Filed by Hon Hai Precision Industry Co. Ltd. (collectively, Foxconn) (Attachments: # (1) Certificate of Service) (Busenkell, Michael)
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.