Gawker Media, LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On June 13, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Gawker Media, LLC and its affiliates.

The filing was assigned docket number 19 and is described on the court’s official docket as follows:

Motion to Authorize / Debtors Motion for Entry of Interim and Final Orders Pursuant to 11 U.S.C. §§ 105, 361, 362, 363 and 364 and Rules 2002, 4001, and 9014 of the Federal Rules of Bankruptcy Procedure (I) Authorizing Incurrence by the Debtors of Postpetition Secured Indebtedness, (II) Granting Liens, (III) Authorizing Use of Cash Collateral by the Debtors and Providing for Adequate Protection, (IV) Modifying the Automatic Stay, and (V) Scheduling a Final Hearing filed by Gregg M. Galardi on behalf of Gawker Media, LLC. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C) (Galardi, Gregg)

Gawker Media, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 10, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 16-11700. The bankruptcy case is currently assigned to United States Bankruptcy Judge Stuart Bernstein. The law firm of Ropes & Gray LLP is acting as lead bankruptcy counsel to Gawker Media, LLC in the bankruptcy case.

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