Bankruptcy & Restructuring News & Analysis — Conductor

Mining Project Wind Down Holdings has filed an emergency motion to modify its litigation trust agreement following the resignation of a key oversight committee member. The motion seeks to allow operation with a single committee member after Touzi Capital, LLC became subject to litigation and receivership, marking a significant shift in the company's post-bankruptcy governance structure.

Natera Inc. has filed an adversary complaint in Invitae's bankruptcy case, seeking to prevent enforcement of a rejected Asset Purchase Agreement. The biotechnology company argues that Invitae's rejection of the contract in bankruptcy proceedings should bar any claims related to potential milestone payments, highlighting key issues in contract rejection under Chapter 11 bankruptcy law.

Vintage Wine Estates has filed its disclosure statement in Delaware bankruptcy court, outlining a plan to consolidate 12 debtor entities and establish a liquidation trust. The plan projects 39% recovery for secured lenders and 5-8% for general unsecured creditors, following several successful asset sales to industry buyers.