Mercon Coffee Corporation

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Case Number:

1:23-bk-11945

Court:

New York Southern

Nature of Suit:

Firms

Companies

Sectors & Industries:

July 05, 2024
Mercon Coffee Says Ch. 11 Releases Aren't Insider Incentives

Bankrupt coffee supplier Mercon Coffee Group defended employee releases in its Chapter 11 liquidation plan, telling a New York bankruptcy court that Section 503(c) of the Bankruptcy Code limits payment of administrative expenses to insiders, not release of claims.
June 28, 2024
Mercon Coffee Given More Time To Explain Insider Releases

At its confirmation hearing Friday, Mercon Coffee Corp. said it needs more time to brief a New York bankruptcy judge on why certain employees are eligible for releases that were meant to keep them at the company.
May 14, 2024
Mercon Coffee's Ch. 11 Plan Disclosures Need More Brewing

A New York bankruptcy judge on Tuesday said Mercon Coffee's Chapter 11 plan releases were so hard to parse in a proposed disclosure statement that he struggled to understand them and doubted a creditor could do so, before adjourning a hearing on the matter at the debtor's request.
May 13, 2024
US Trustee Blasts Mercon Coffee Ch. 11 Plan Disclosures

The U.S. Trustee's Office asked a New York bankruptcy judge to reject Mercon Coffee's Chapter 11 plan disclosure statement, saying it contains insufficient information for plan voters and the company hasn't properly gotten consent for its third-party claims releases.
April 10, 2024
Mercon Coffee Eyes $10M Ch. 11 Sale Of Vietnam Biz

Mercon Coffee, one of the largest coffee suppliers in the world, has urged a New York bankruptcy judge to approve an agreement to sell its interest in its Vietnam export operations for around $10 million, reasoning the deal was "the highest and best offer" it garnered.
February 28, 2024
Bankrupt Coffee Co. Says Nicaraguan Asset Sale Unlikely

Coffee supplier Mercon Coffee Corp. Wednesday told a New York bankruptcy judge it no longer believes it will be able to win government cooperation for the sale of its Nicaraguan assets before it runs out of cash to fund its Chapter 11 case.
February 20, 2024
US Trustee Says Coffee Co. Can't Redact Execs' Names

The U.S. Trustee's Office asked a New York bankruptcy judge to reject a request by Mercon Coffee Group to expunge the names of its senior managers, directors and owners from its Chapter 11 filings, saying this is basic information the public has the right to know.
January 30, 2024
Coffee Co. Says Ch. 11 Sale May Sort Nicaraguan Seizure Row

Counsel for coffee supplier Mercon Coffee Group told a New York bankruptcy judge Tuesday the company hopes the progress it has made toward a sale of its assets will help resolve the seizure of its Nicaraguan subsidiary in a tax dispute.