Gawker Media, LLC Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 13, 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 Gawker Media, LLC and its affiliates.

The filing was assigned docket number 21 and is described on the court’s official docket as follows:

Motion to Authorize , Motion to Approve / Debtors Motion for (I) An Order (A) Authorizing and Approving Bidding Procedures, Breakup Fee and Expense Reimbursement, (B) Authorizing and Approving The Debtors Entry Into and Assumption of The Stalking Horse Asset Purchase Agreement, (C) Approving Notice Procedures, (D) Scheduling A Sale Hearing and (E) Approving Procedures For Assumption and Assignment of Certain Contracts and Leases And Determining Cure Amounts and (II) an Order (A) Authorizing The Sale Of Substantially All of The Debtors Assets Free and Clear of All Claims, Liens, Rights, Interests And Encumbrances, (B) Approving The Asset Purchase Agreement and (C) Authorizing The Debtors to Assume and Assign Certain Executory Contracts And Unexpired Leases filed by Gregg M. Galardi on behalf of Gawker Media, LLC. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C # (4) Exhibit D) (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.


Leave a Reply