Oberweis Dairy, Inc.
Case Number:
1:24-bk-05385
Court:
Nature of Suit:
Firms
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May 30, 2024
Family-Owned PE Firm Wins Ch. 11 Bid To Buy Ill. Dairy Co.
Oberweis Dairy, an ice cream and dairy producer in Illinois, picked a family-owned private equity firm based in Florida as the prevailing bidder for its assets during a Chapter 11 auction, beating the $20 million stalking-horse bid the debtor received in April.
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May 01, 2024
Judge OKs Ch. 11 Dairy Co. Sale Rules With $20M Floor Bid
An Illinois bankruptcy judge on Wednesday agreed to approve sale procedures for bankrupt ice cream and dairy producer Oberweis Dairy Inc. that would set a $20 million bid as the auction floor in exchange for promising a 5% breakup fee to the stalking horse bidder.
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April 29, 2024
ABI's New Prez, Scammers Charged, Giuliani To Appeal
The American Bankruptcy Institute named Polsinelli attorney Christopher A. Ward as its new president, the Office of the United States Trustee charged two with fraud for petition preparation services, and Rudy Giuliani asked a New York judge for permission to appeal his $148 million defamation verdict to the D.C. Circuit.
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April 24, 2024
Dairy Co. Oberweis Unveils $20M Bidder Ahead Of Rival Offer
Oberweis, a bankrupt ice cream and dairy producer in Illinois, has disclosed that the owner of a local egg and dairy business made the $20 million stalking horse bid for its assets, while a family-owned private equity firm in Florida announced its own plans to acquire the company in its Chapter 11 sale.
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April 18, 2024
Meet The Attorneys In Oberweis Dairy's Ch. 11
Attorneys from Adelman & Gettleman Ltd. are representing Oberweis Dairy, a popular Illinois-based ice cream and dairy producer, as it seeks to deal with nearly $22 million in debt with an asset sale in Chapter 11.
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April 18, 2024
Bankrupt Oberweis Dairy Receives $20M Stalking Horse Bid
Oberweis Dairy Inc. has received a $20 million stalking horse bid for its assets and hopes to attract other potential buyers, its attorneys said at a bankruptcy hearing Thursday in Chicago, where it also received interim approval of a $1 million debtor-in-possession loan from its senior prepetition lender.
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April 16, 2024
Retired Judge Carey Dies, Fraudster Charged, Diocese Bails
The bankruptcy bench in Delaware lost a well-respected colleague, retired Judge Kevin J. Carey, while federal court officials made good on efforts to root out fraud in the nation's bankruptcy courts, and a New York Catholic diocese moved to end its Chapter 11 case without a reorganization plan after abuse claimants roundly rejected its proposal.
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April 15, 2024
Dairy Co. Oberweis Hits Ch. 11 With Up To $50M In Debt
Oberweis, a popular Illinois-based ice cream and dairy producer run by a former Republican state senator, has hit Chapter 11, disclosing it has as much as $50 million in liabilities.