Velo Holdings Inc.

  1. January 23, 2013

    Marketing Co. Vertrue Scores OK For Ch. 11 Plan

    Private equity-held direct marketer Vertrue LLC and its holding company Velo Holdings LLC got the go-ahead Wednesday to make their way out of bankruptcy less than a year after filing for Chapter 11 protection, with a New York bankruptcy judge approving their reorganization plan.

  2. January 18, 2013

    Vertrue Urges Judge To Confirm Ch. 11 Reorganization Plan

    Private equity-held direct marketer Vertrue LLC on Thursday sought a New York bankruptcy judge's approval of its Chapter 11 reorganization plan, hoping to secure a quick exit from bankruptcy after reaching a plan that will see unsecured claim holders almost entirely shut out.

  3. November 27, 2012

    Judge OKs Vertrue's Ch. 11 Plan Disclosure Statement

    A New York bankruptcy judge on Tuesday approved private equity-held direct marketer Vertrue LLC's disclosure statement for its Chapter 11 plan, under which holders of general unsecured claims can hope to recover no more than 1 percent of their claims.

  4. August 21, 2012

    Vertrue Gets OK For $39M Neverblue Sale To GWM

    A New York bankruptcy judge on Tuesday greenlighted private equity-held direct marketer Vertrue LLC's sale of its lead-generation business Neverblue Communications Inc. to stalking horse bidder GWM Holdings Inc. for $39.2 million.

  5. July 31, 2012

    Vertrue Wins Bid To Maintain Credit Card Processing Deals

    A New York bankruptcy judge on Monday halted a JPMorgan Chase Bank NA subsidiary from canceling credit card processing agreements with the bankrupt Vertrue LLC and its affiliates, preserving a business relationship that is responsible for facilitating about 95 percent of the direct marketer's credit card transactions.

  6. June 06, 2012

    Velo's $3M Key Employee Incentive Plan Gets Judge's OK

    A New York bankruptcy judge on Wednesday approved a $2.9 million key employee incentive plan requested by Velo Holdings Inc. as a means of keeping critical employees on board during its Chapter 11 restructuring, overruling two objections from the U.S. trustee.

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