Eletson Holdings Inc.
Case Number:
1:23-bk-10322
Court:
Nature of Suit:
Firms
- Chalos & Co.
- Cole Schotz
- Dechert LLP
- Frankel Rubin
- Hughes Hubbard
- Kostelanetz LLP
- Perkins Coie
- Quinn Emanuel
- Reed Smith
- Seward & Kissel
- Sichenzia Ross
- Sidley Austin
- Thompson Hine
- Togut Segal
- Watson Farley
- White & Case
Companies
Sectors & Industries:
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November 15, 2024
Eletson To Appeal Order Confirming Rival Ch. 11 Plan
Gas tanker operator Eletson Holdings Inc. has opened an appeal of a New York bankruptcy judge's confirmation of a Chapter 11 plan proposed by petitioning creditors, according to a notice of the move.
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November 08, 2024
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office took aim at the U.S. ties and motivations of a bankrupt defense contractor in Abu Dhabi, creditors of Eletson Holdings said they were still skeptical of Reed Smith LLP's work in the company's contentious Chapter 11 case and a Navajo Nation-owned energy company argued that a reorganized coal miner is trying to use a typo to boost royalty payments.
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November 04, 2024
Purdue Buys Time For Creditor Deal, Eletson Plan Confirmed
Facing a litigation stay deadline after the U.S. Supreme Court overturned its Chapter 11 plan, OxyContin maker Purdue Pharma was given a new one-month extension of the stay so that its creditors and the Sacklers can continue mediating to settle claims.
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October 31, 2024
Reed Smith To Clarify Eletson Ties And Cut Fees $150K
Reed Smith LLP has struck a deal with the U.S. Trustee's Office to take a $150,000 haircut on its fee application for representing shipping firm Eletson Holdings in its Chapter 11 case and explain its prepetition relationship to company leadership, resolving a bid to claw back legal fees from the firm for allegedly not being disinterested.
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October 28, 2024
Judge Rejects Eletson's Ch. 11 Plan In Favor Of Creditors Plan
A New York judge confirmed a Chapter 11 plan from the creditors that petitioned to have shipping company Eletson placed in bankruptcy, after finding that the debtor's reorganization plan was not feasible.
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September 30, 2024
US Trustee Says Reed Smith Didn't Disclose Eletson Ties
The U.S. Trustee's Office is asking a New York bankruptcy judge to claw back the fees and expenses law firm Reed Smith LLP has earned representing shipping firm Eletson Holdings in its Chapter 11 case, saying it failed to disclose ties with Eletson directors.
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September 09, 2024
Eletson Pushes To Void Ch. 11 Claims By 'Drone' Creditors
Eletson Holdings on Monday asked a New York bankruptcy judge to dismiss Chapter 11 claims by creditors it alleges are "drones" for a third party tangled in a corporate dispute with the oil and gas shipping company.
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August 23, 2024
Creditors Can't Dig Up Eletson's Ch. 11 Plan Negotiation Info
Bankrupt Greek fuel shipping group Eletson doesn't have to turn over communications with a group of shareholders who are supporting its Chapter 11 plan, a New York bankruptcy judge ruled Friday, finding the common interest doctrine shielded their negotiation talks from the official committee of unsecured creditors' discovery request.
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August 22, 2024
A Look At The 3 Competing Eletson Ch. 11 Plans
A New York bankruptcy judge is in the unusual position of weighing competing Chapter 11 plans for Eletson — one from the debtor and two from creditors that sought to force it into liquidation — as a September confirmation hearing approaches, after rejecting arguments that the oil and gas transporter proposal has no chance of success.
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August 21, 2024
Judge Says Debtor Plan Will Get Hearing In Eletson Ch. 11
A New York bankruptcy judge Wednesday said he will give a hearing to all three Chapter 11 plans proposed for shipping company Eletson Holdings, rejecting arguments that the creditor voting results spell the end of Eletson's proposal.