Recently, on July 13, 2021, the Chief Judge of the United States District Court for the District of Delaware issued a Revised Standing Order lifting the requirement that face masks be worn in public areas of the courthouse by those who are fully vaccinated against COVID-19. The Revised Standing Order impacts each of the courthouses
RGN Bankruptcy Update; Debtors Move to Reject Commercial Lease
As reflected in the prior post, RGN Group Holdings, LLC, and various of its affiliates (“RGN” or the “Debtors”), which are subsidiaries of Regus, have filed for bankruptcy. As part of the first-day motions filed by the Debtors, RGN sought approval of proposed termination notification procedures, through its Motion to Approve Interim and Final…
RGN Group Holdings Files for Chapter 11 Protection in Delaware; Seeks Approval of Lease Termination Notification Procedures
RGN Group Holdings LLC, and certain of its affiliates (“RGN” or the “Debtors”) filed voluntary Chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the District of Delaware on August 17, 2020.
According to court filings, the Debtors are subsidiaries of Regus Corporation, a Delaware corporation that, together with its affiliates offers a
Brooks Brothers Files for Bankruptcy in Delaware
Background on the Debtors
The iconic retail brand, Brooks Brothers, filed for Chapter 11 bankruptcy protection on Wednesday, July 8, 2020 in the Delaware Bankruptcy Court.
Founded in 1818, Brooks Brothers is one of the country’s oldest retailers. In light of the coronavirus, rent had become a significant burden for the retailer. To date, Brooks…
Lucky Brand Files for Bankruptcy – Closes 13 Stores
Lucky Brand became the latest retailer to seek bankruptcy protection when it filed for chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on Friday, July 3rd. Lucky Brand joins J.Crew, Neiman Marcus and J.C. Penney, all of which filed for bankruptcy during the pandemic.
Matthew A. Kaness, Lucky Brand…
Oil and Gas Giant Templar Energy Files for Bankruptcy in Delaware
Templar Energy, an oil and gas driller, filed for Chapter 11 bankruptcy protection on June 1, 2020 in the Delaware Bankruptcy Court, becoming the latest mega energy company to waive the white flag after a precipitous drop in commodity prices over the last several months.
In a declaration filed with the Delaware Bankruptcy Court, Chief…