Gold Standard Baking, LLC

  1. August 05, 2022

    Scouts' Plan Mostly Approved, Jones Hit With $50M Verdicts

    The Boy Scouts of America got a court's nod for the linchpin of its $2.7 billion Chapter 11 plan, the defamation damages trial of conspiracy theorist Alex Jones and his bankrupt media enterprise resulted in nearly $50 million in damages, and customers of cryptocurrency platform Voyager Digital can withdraw their cash from custodial accounts. This is the week in bankruptcy.

  2. August 03, 2022

    Gold Standard Baking Gets Court OK For $20M Sale

    Gold Standard Baking LLC won a bankruptcy court's approval Wednesday to sell its business to 37 Baking Holdings LLC for $20 million in credit plus assumed liabilities, allowing the Chicago-based bakery to keep operating as a going concern.

  3. July 28, 2022

    3M Earplug Suits Lead To Ch. 11, Talc Claims To Be Estimated

    Military veteran claims pushed earplug maker and 3M unit Aearo into bankruptcy, a New Jersey judge ordered an estimation process for talc claims in the Chapter 11 of Johnson & Johnson's talc unit and the founders of bankrupt cryptocurrency hedge fund Three Arrows Capital are not responding to subpoenas. This is the week in bankruptcy.

  4. July 27, 2022

    Gold Standard Cancels Ch. 11 Auction, Accepts $20M Bid

    Gold Standard Baking LLC received no other qualified offers, making a $20 million stalking horse credit bidder the top contender to purchase its assets and negating the need for an auction, according to a cancellation notice filed in a Delaware bankruptcy court Tuesday.

  5. June 29, 2022

    Sears Lease Fight Hits High Court, Gulf Coast Plan Approved

    The U.S. Supreme Court took up a lease fight between Sears Holdings and the Mall of America, Gulf Coast Health Care got its Chapter 11 plan confirmed, and contractors owed money by the owner of the Carolina Panthers want a bankruptcy venue transfer. This is the week in bankruptcy.

  6. June 23, 2022

    Gold Standard Gets OK For Quick Ch. 11 Auction Hearing

    A Delaware bankruptcy judge on Thursday gave Chicago-based industrial baker Gold Standard Baking the go-ahead to tap into $500,000 in Chapter 11 financing and take a quick first step in what the company hopes to be a monthlong sale process.

  7. June 22, 2022

    Ch. 11 Cheat Sheet: Gold Standard Baking

    One of the nation's largest industrial bakers, Chicago-based Gold Standard Baking LLC, hit Chapter 11 in Delaware with $140 million in long-term debt and intention to sell its business to secured lenders.