On January 5, 2016, an order regarding the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Magnetation LLC and its affiliates.
The filing was assigned docket number 548 and is described on the court’s official docket as follows:
ORDER GRANTING DEBTORS’ JOINT MOTION FOR AN ORDER AUTHORIZING CERTAIN OF THE DEBTORS, THE TRUSTEE AND THE ESCROW AGENT TO ENTER INTO AN AMENDMENT TO THE ESCROW AGREEMENT (Related Doc # 530) (Judy MNBS) (Entered: 01/05/2016)
Magnetation LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 5, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Minnesota. The case number for the lead bankruptcy case is 15-50307. The bankruptcy case is currently assigned to United States Bankruptcy Judge Gregory Kishel. The law firm of Davis Polk & Wardwell LLP is acting as lead bankruptcy counsel to Magnetation LLC in the bankruptcy case.