SynCardia Pushes For Rapid Ch. 11 Sale Process

Law360, Wilmington (July 6, 2016, 7:56 PM EDT) -- Artificial-heart-implant maker SynCardia Systems Inc. told a Delaware bankruptcy judge on Wednesday that it wants the company's sale to be completed by Aug. 22 and is preparing bid procedures for submission to the court by Aug. 1.

During a first-day hearing in Wilmington, attorneys for the debtor said a sale process that moves as swiftly as possible is in the best interests of the company, its creditors and the patients whose lives depend on its products. Selling the company to the highest bidder will ensure that first-lien creditors are paid and the total heart replacement implants already inserted into patients' bodies...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!