Verso Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Pay Claims Of Employees

On January 27, 2016, an order regarding the motion for authority to pay claims of employees was filed in the bankruptcy case of Verso Corporation and its affiliates.

The filing was assigned docket number 89 and is described on the court’s official docket as follows:

Order (INTERIM) (I)Authorizing the Debtors to (A)Pay Certain Employee Compensation and Benefits (B)Maintain and Continue Such Benefits and Other Employee Related Programs and (C)Pay Prepetition Claims of Independant Contractors and (II)Granting Related Relief. (Related Doc # [14]) Order Signed on 1/27/2016. (SH)

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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