Verso Corporation Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 3, 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 Verso Corporation and its affiliates.

The filing was assigned docket number 1036 and is described on the court’s official docket as follows:

Motion to Shorten (Motion for Entry of Order Shortening Notice and Objection Periods for (A) Debtors Motion to (I) Assume the Asset Purchase Agreement and Certain Ancillary Agreements, as Amended, With Catalyst Paper Operations Inc., and (II) Settle Claims Between Catalyst Paper Operations Inc. and the Debtors and (B) Debtors Motion for Entry of an Order Authorizing Debtors to File Certain Confidential Information Contained in the Asset Purchase Agreement and Certain Ancillary Agreements, as Amended, with Catalyst Paper Operations Inc. Under Seal) (related document(s)[1032], [1033]) Filed by Verso Corporation. (Attachments: # (1) Exhibit A) (Steele, Amanda)

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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