Information on Corporate Bankruptcy Proceedings in Delaware and Throughout the United States
Fox Partner Mette Kurth discusses NovaSom, Inc.’s recent Chapter 11 case in Delaware:
NovaSom, Inc. has filed a Chapter 11 case in Delaware in order to sell its business through a “363” bankruptcy auction. We are providing you with information about the case that you can forward on if you have clients who may be…
Introduction
On May 1, 2009, Magna Entertainment (“Magna”) filed a motion in the United States Bankruptcy Court for the District of Delaware whereby it sought authority to schedule an auction, receive approval of auction bid procedures and proceed with the sale of assets (the “Sale Motion“). I have previously written about bankruptcy sale…
