Bankruptcy & Restructuring News & Analysis

On Sunday, we broke the news that luxury baby stroller company Austlen Baby Co. had filed for Chapter 11 bankruptcy protection in Texas.  Initial court filings provided a lot of interesting background information on the company, but not much detail about where the company was headed.  Well, now we have some answers - at least in regards to where the company hopes to go from here.

Here are some of the recent federal court opinions that we're focused on today: Securities Investor Protection Corporation v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC (Adv. Proc. No. 08-01789 (SMB), United States Bankruptcy Court, S.D. New York, June 5, 2018): Irving H. Picard, the trustee for the liquidation of Bernard L. Madoff Investment Securities LLC under the Securities Investor Protection Act, 15 U.S.C. §§ 78aaa, et seq., moves for an order authorizing limited, expedited discovery pursuant to Rule 26(d)(1) of the Federal Rules of Civil Procedure, made applicable pursuant to Rule 7026 of the Federal Rules of Bankruptcy Procedure, from certain Defendants in the...