Wesco Aircraft Holdings, Inc.

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Case overview

Case Number:

4:23-bk-90611

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

January 02, 2025
Bankruptcy News You May Have Missed Over The Holiday

The Fifth Circuit sided with a group of lenders left out of a so-called uptier refinancing deal with mattress seller Serta Simmons, reversing a bankruptcy court's ruling in a closely watched case on liability management transactions; Purdue Pharma secured a one-month extension as its creditors and members of the Sackler family try to reach a settlement in mediation; and retail chain Big Lots reached an eleventh-hour deal to sell some of its stores and thwart a total liquidation.
December 17, 2024
Purdue, FTX Top Biggest Bankruptcy Cases, Trends Of 2024

The U.S. Supreme Court's decision to throw out nonconsensual third-party releases in opioid maker Purdue Pharma's Chapter 11 reverberated through the bankruptcy domain in unexpected ways this year, but it was just one among many major events to shape bankruptcy in 2024.
December 16, 2024
Judge Kills Infowars Sale, BigLaw Firms Duck Suit

A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed.
December 16, 2024
Incora Moves Toward Confirmation After Opt-Outs OK'd

A Texas bankruptcy judge on Monday approved the opt-out mechanism for third-party releases in the Chapter 11 plan from aircraft parts supplier Incora, overruling an objection from the U.S. Trustee's Office.
December 12, 2024
Incora's Opt-Outs Not Like Class Actions, US Trustee Says

The U.S. Trustee's Office on Thursday objected to the third-party releases in the Chapter 11 plan from aircraft parts supplier Incora, arguing in a Texas bankruptcy court that the opt-out mechanism for the releases is not comparable to class action procedures.
November 22, 2024
Incora Uptier Fight Lays Bare Risks For Private Equity Backers

In the bruising battles for position among lenders to debt-laden companies, private equity firms often remain relatively unscathed. But a case in Texas federal court over so-called creditor-on-creditor violence now threatens to punish buyout shop Platinum Equity for orchestrating an ill-fated debt exchange, potentially sending a chill over the market for liability management deals.
October 28, 2024
Ex-Judge Can't Shield Bank Docs; Tupperware Agrees To Sale

Former Bankruptcy Judge David R. Jones lost a bid to shield his banking records from a U.S. Trustee's Office probe into his undisclosed romantic relationship with a onetime Jackson Walker LLP partner.
October 25, 2024
Incora To Exit Ch. 11 With Uptier Fight Headed To Appeal

Aircraft parts supplier Incora has told a Texas bankruptcy judge that it expects to exit Chapter 11 under a consensual plan in the coming weeks, but a battle over the company's 2022 debt restructuring that helped trigger the case will continue.
October 02, 2024
Incora Creditor, Platinum Feud Over Injury In 2022 Uptier Deal

A bondholder to aircraft-parts supplier Incora on Wednesday urged a Texas bankruptcy judge to recognize its tortious interference claims against the company's private equity backer, Platinum Equity, arguing it suffered damages after being demoted in a 2022 financing deal.
September 27, 2024
Del. Judge To Mediate Incora Ch. 11 Plan Disputes

U.S. Bankruptcy Judge Brendan L. Shannon of Delaware said Friday he would oversee the mediation of a dispute in Texas bankruptcy court that involves aircraft parts supplier Incora and two rival groups of creditors, as the parties seek a settlement clearing Incora to exit bankruptcy.

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