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Upcoming Committee Formation Meeting:  Thursday, July 26, 201810:00 AM

Case Name: 18-11659 (LSS)

Location: U.S. Trustee Office, 844 King Street, Suite 3209, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick and G. David Dean for more information.

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Active Care, Inc., and its wholly-owned subsidiary 4G Biometrics, LLC, have filed petitions for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11659).  In its Petition, Active Care, a health analytics and reporting company for people with diabetes based in Orem, Utah, reports an estimated $1–$10 million in assets and $10–$50 million in liabilities.  According to the First Day Declaration, while Active Care has had ongoing financial difficulties for years, its filing was primarily driven by the loss of approximately 50% of Active Care’s individual clients when the State of Louisiana end its relationship with Active Care.  The First Day Declaration further explains that Active Care enters Chapter 11 intending to sell substantially all of its assets under Section 363 of the Code with Telcare, LLC, serving as the stalking horse purchaser.  Telcare is a subsidiary of Biotelemetry, Inc., Active Care’s largest unsecured creditor and a key supplier.  Active Care also enters Chapter 11 having secured $800,000 in DIP Financing from its pre-petition senior lender, Partners for Growth IV, L.P.  A claims and noticing agent has not yet been proposed.  The cases have been assigned to the Honorable Laurie Selber Silverstein.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

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Upcoming Committee Formation Meeting:  Friday, July 20, 2018 11:00 AM

Case Name: 18-11625 (KJC)

Location: U.S. Trustee Office, 844 King Street, Suite 3209, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick and G. David Dean for more information.

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Tintri, Inc., a Mountain View, California-based enterprise cloud storage company, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-11625).  According to the First Day Declaration, Tintri was founded in 2008 and serves customers in a variety of industries, including leaders such as Avaya, Comcast, SONY, Toyota, Chevron, NASA, and AMD.  The Debtor has been engaged in pre-petition marketing efforts and intends to sell its assets as a going concern through the bankruptcy process.  The Debtor is also seeking the approval of debtor-in-possession financing in a maximum aggregate amount of $5.5MM.  No judge has been assigned to this case at the time of publication.

Contact Norman L. Pernick or G. David Dean  for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

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WIS Holding Company, Inc., along with six affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11579).  According to the First Day Declaration, WIS and its operating subsidiaries provide outsourced inventory verification services and retail merchandising services through 189 offices spread throughout 42 U.S. states and nine Canadian provinces.  The First Day Declaration further explains that WIS’s filing was necessitated by a class action of nearly 14,000 current and former employees alleging FLSA violations.  The First Day Declaration explains that WIS intends to liquidate its assets and wind-down its operations.  JND Corporate Restructuring is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Christopher S. Sontchi.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

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Ritchie Risk-Linked Strategies, L.L.C., an investment company headquartered in Newark, Delaware, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-11555).  The Petition estimates Ritchie Risk’s assets and liabilities to both be between $10 – $50 million.  According to the Board Resolutions attached to the Petition, Ritchie Risk anticipates seeking approval of debtor-in-possession financing to be provided by Ritchie Multi-Strategy Global, LLC, which also owns 95.49% of the equity in Ritchie Risk.  No claims agent has been proposed.  The case has been assigned to the Honorable Kevin J. Carey.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

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ABT Molecular Imaging, Inc. has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-11398).  ABT, based in Louisville, TN, designs, manufactures and distributes the world’s first and only small-footprint Biomarker Generator for Fludeoxyglucose, the imaging agent used in positron emission tomography.  ABT’s Petition reports $1 – $10 million in assets and $10 – $50 million in liabilities.  According to the First Day Declaration, ABT is pursuing both a standalone restructuring or a sale of substantially all of its assets under Section 363 of the Bankruptcy Code.  ABT has secured up to $4 million in DIP Financing from SWK Funding, LLC to fund its restructuring/sale process.  The Garden City Group is the proposed claims and noticing agent.  The case has been assigned to the Honorable Laurie Selber Silverstein.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

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New MACH Gen, LLC, along with four subsidiaries and affiliates, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11368).  MACH Gen, headquartered in The Woodlands, Texas, owns and operates three natural gas-fired electricity generating facilities across the United States.  According to the First Day Declaration, MACH Gen enters Chapter 11 having solicited votes on its prepackaged plan of reorganization, which provides for the transfer of one of MACH Gen’s facilities, New Harquahala, to its First Lien Lenders in exchange for a reduction of $150 million of outstanding indebtedness.  The Disclosure Statement can be found here.  MACH Gen seeks to have a combined Disclosure Statement/Confirmation Hearing held on July 19, 2018Prime Clerk LLC is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Mary F. Walrath.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

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Upcoming Committee Formation Meeting:  Tuesday, June 5, 2018 11:00 AM

Case Name: 18-11333 (CSS)

Location:Sheraton Suites, 422 Delaware Avenue, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick and G. David Dean for more information.

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Sancilio Pharmaceuticals Company, Inc., along with two subsidiaries and affiliates, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11333).  Sancilio, based in Riviera Beach, Florida, develops and markets a variety of pharmaceutical products, including products based on Sancilio’s proprietary Advanced Lipid Technologies platform, a group of drug delivery systems designed to improve the body’s ability to break down and use lipophilic compounds (which include many active pharmaceutical ingredients).  Sancilio recently presented the results of a Phase 2 Study for Altemia, a product being developed for the treatment of Sickle Cell Disease.  Sancilio’s petition estimates both its assets and liabilities to be between $10 – $50 million.  The First Day Declaration has not yet been filed.  Sancilio has not yet proposed a claims and noticing agent.  Assignment of the cases is pending.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

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