Law360 (February 18, 2021, 9:09 PM EST) -- The sale of the assets of The Zohar Funds, a trio of bankrupt distressed-company investment vehicles, continued Thursday as a Delaware bankruptcy judge approved the short-notice $1.1 million sale of an unused Michigan real estate parcel.
Following one day's notice and a brief virtual hearing, U.S. Bankruptcy Judge Karen Owens approved the closure of the sale of a mothballed facility owned by Zohar portfolio company subsidiary Saline Metal Systems, one of a handful of transactions that have come before the court in recent months.
Zohar has been working to sell its interests in dozens of portfolio companies since filing for Chapter 11 protection...
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!