Magnetation LLC Bankruptcy New Filing Alert: Application For Authority To Retain Professionals





On March 14, 2016, an application for authority to retain professionals was filed in the bankruptcy case of Magnetation LLC and its affiliates.

The filing was assigned docket number 655 and is described on the court’s official docket as follows:

Application to employ Hilco Valuation Services, LLC and Hilco Real Estate Appraisal, LLC as Appraisers filed by Magnetation LLC. Supporting affidavit or verified statement of professional person, Proposed order. (Coco, Kevin) (Entered: 03/14/2016)

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.

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