November 25, 2024
A Texas bankruptcy judge on Monday gave DRF Logistics, the former online delivery arm of shipping and logistics group Pitney Bowes, the all clear to move forward on plans to wind down in Chapter 11 with a recently inked global settlement with the committee of unsecured creditors.
November 20, 2024
A Texas bankruptcy judge on Wednesday pushed a decision on the Chapter 11 plan for the former e-commerce unit of shipping group Pitney Bowes to Monday after the U.S. trustee and Trilogy Leasing Co. LLC, the debtor's longtime equipment finance and leasing partner, flagged issues with liability releases.
October 18, 2024
A Texas bankruptcy judge on Friday said he will not push back a Chapter 11 plan confirmation for the former e-commerce unit of shipping group Pitney Bowes in order to buy the creditors' committee more time for contract analysis, keeping a mid-November hearing in place.
August 19, 2024
DRF Logistics, the former e-commerce arm of shipping group Pitney Bowes, has filed for Chapter 11 protection in Texas with plans to close shop after years of heavy losses. To navigate bankruptcy, DRF has tapped a team of New York- and Houston-based lawyers with Weil Gotshal & Manges LLP.
August 16, 2024
A heated proxy battle, big capital outlays and more than $570 million in losses set the stage for shipping company Pitney Bowes to spin off its e-commerce unit and send it into Chapter 11 in a Texas bankruptcy court.