Graceway Pharmaceuticals, LLC

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Case overview

Case Number:

1:11-bk-13036

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 01, 2012

    Graceway Trustee Slams Distributor's Bid To Cut Debt

    Graceway Pharmaceuticals LLC's liquidating trustee told a Delaware bankruptcy judge Thursday that its health care products distributor Cardinal Health Inc. was violating a contract by trying to offset part of its $6.7 million debt to the skin care company.

  2. April 20, 2012

    Graceway's Ch. 11 Plan Gets Nod As Judge Quells IRS Worries

    A Delaware bankruptcy judge on Friday confirmed Graceway Pharmaceuticals LLC's Chapter 11 liquidation plan, with clarifications to allay concerns the Internal Revenue Service voiced earlier this month that the plan wouldn't preserve the federal government's setoff and recoupment rights.

  3. April 05, 2012

    US Trustee Slams Releases In Graceway Ch. 11 Plan

    The U.S. trustee on Tuesday blasted the release provisions in Graceway Pharmaceuticals Inc.'s Chapter 11 liquidation plan, saying the liability protections are overly broad and impermissibly bind creditors without their consent.

  4. April 03, 2012

    IRS Objects To Graceway's Ch. 11 Plan Over Setoff Rights

    The Internal Revenue Service on Tuesday objected to Graceway Pharmaceuticals LLC's Chapter 11 reorganization plan, saying it does not preserve the federal government's setoff and recoupment rights.

  5. February 14, 2012

    Graceway Settles Claims With GTCR For $6M

    Graceway Pharmaceuticals LLC on Tuesday asked a Delaware bankruptcy court to sign off on a $6 million settlement with private equity firm GTCR Golder Rauner LLC over potential claims from a 2010 tax distribution.

  6. January 26, 2012

    Graceway's Ch. 11 Plan Hinges On Asset Sale

    Graceway Pharmaceuticals LLC filed a Chapter 11 plan Wednesday in Delaware bankruptcy court that calls for the liquidation of substantially all its remaining assets and the resolution of all claims against the company.

  7. November 18, 2011

    Bankrupt Graceway Faces Copyright Suit Over Drug Promos

    Marketing firm Metaphor Inc. on Thursday launched a copyright suit against bankrupt Graceway Pharmaceuticals LLC, arguing that the pharmaceutical company cannot include the New Jersey-based outfit's promotional materials for Graceway products in its sale of assets.

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