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 1033 and is described on the court’s official docket as follows:
Motion to Approve Compromise under Rule 9019 (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) Filed by Verso Corporation. Hearing scheduled for 6/17/2016 at 01:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 6/13/2016. (Attachments: # (1) Notice # (2) 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.