Archives: Broadstripe bankruptcy

Introduction

On March 10, 2009, the Honorable Christopher S. Sontchi of the United States Bankruptcy Court for the District of Delaware issued a decision addressing the standard for preliminary injunctive relief in bankruptcy.  This post will look at the substantive and procedural issues considered by the Court in Broadstripe LLC v. National Cable Television Cooperative (In re Broadstripe). Specifically, when is injunctive relief appropriate in a bankruptcy proceeding and how does a party go about seeking injunctive relief under the Federal Rules of Bankruptcy Procedure?

Background

Broadstripe filed for bankruptcy in Delaware on January 2, 2009.  In July of 2000, eight years prior to filing for bankruptcy, Broadstripe joined the National Cable Television Cooperative ("NCTC") whereby NCTC agreed to negotiate master programming agreements for Broadstripe.  Under the programming agreements,  Broadstripe paid NCTC the licensing fees for programming services and NCTC distributed the funds paid by Broadstripe to various programmers (such as Fox, Disney, etc.).  In the months leading up to bankruptcy, Broadstripe failed to pay NCTC over $3.4 million in licensing fees.  However, after filing for bankruptcy Broadstripe paid NCTC all licensing fees incurred from the petition date forward. 

Continue Reading Decision in Broadstripe Bankruptcy Looks At Standard for Preliminary Injunctive Relief

Introduction

Broadstripe, LLC, the St. Louis-based cable, phone and internet provider, filed for bankruptcy in Delaware on January 2, 2009.  Broadstripe was formerly known as Millennium Digital Media Capital, LLC and began in 1998 as a cable operator.  During its first two years in business, Broadstripe acquired cable companies in Maryland, Washington, Oregon and Michigan.  By the time it filed for bankruptcy, Broadstripe grew to provide media services to approximately 300,000 homes. 

Continue Reading Cable Operator Broadstripe, LLC Files for Bankruptcy