On March 7, 2016, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Molycorp, Inc. and its affiliates.
The filing was assigned docket number 1349 and is described on the court’s official docket as follows:
Motion to Compel /Motion of the Ad Hoc 10% Noteholders’ to Compel the Debtors to Comply With the Bidding Procedures Order or, Alternatively, to Convert the Molycorp Minerals Debtors’ Cases to Liquidations Under Chapter 7 Filed by Ad Hoc 10% Noteholders. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C) (Jones, Laura Davis)
Molycorp, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 25, 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 15-11357. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Molycorp, Inc. in the bankruptcy case.