Invitae Ch. 11 Creditor Standing Issue Sent To Mediation

By Vince Sullivan · May 30, 2024, 4:25 PM EDT

A New Jersey bankruptcy judge on Thursday referred to mediation a motion from Invitae Corp.'s unsecured creditors seeking standing to bring actions on behalf of the debtor's estate, explaining that while...

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Bankruptcy Scorecard

Summary

California-based genetic testing company Invitae Corp. has filed for Chapter 11 protection in New Jersey with nearly $1.5 billion in debt and what it said is an agreement with senior noteholders to seek a buyer.

Case Number

3:24-bk-11362

Judge

Michael B. Kaplan

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$1,482.5 million

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Case Information

Case Title

Invitae Corporation

Case Number

3:24-bk-11362

Court

New Jersey

Nature of Suit

Date Filed

February 13, 2024