October 21, 2015
The federal bankruptcy watchdog took issue Tuesday with the Quantum Foods LLC unsecured creditors committee's proposed hire of Chicago accounting firm FGMK LLC, arguing the committee hasn't shown why the retention is needed or how to pay for it in a case that could be administratively insolvent.
September 24, 2015
A Delaware bankruptcy judge on Thursday allowed the Quantum Foods LLC estate to keep secret its settlement terms over the deposit from a failed going-concern sale process to Oaktree Capital Management LP unit Raging Bull Acquisition Co. LLC, over protests from the U.S. Trustee's Office.
September 04, 2015
Quantum Foods LLC has reached a confidential settlement with Oaktree Capital Management LP unit Raging Bull Acquisition Co. LLC in an adversary proceeding stemming from the unsuccessful $54 million going-concern sale of the bankrupt meat packer.
October 06, 2014
An Oaktree Capital Management LP unit pushed the Delaware bankruptcy court Monday to throw out claims accusing it of fraud in an adversary action over the busted $54 million sale of meatpacker Quantum Foods LLC, arguing the dispute is no more than a simple breach-of-contract fight.
July 16, 2014
Quantum Foods LLC came to a deal with the company that bought its equipment in a $12 million transaction that, if approved, will moot the defunct meatpacker's bid for sanctions against the buyer connected to a dispute over access to Quantum's old plant, according to an announcement in Delaware bankruptcy court Wednesday.
July 09, 2014
Quantum Foods LLC lodged counterclaims late Tuesday against the unit of Oaktree Capital Management LP that was slated to buy it before the $54 million bankruptcy sale collapsed, accusing the private equity firm of having a "fraudulent scheme" to purchase the meatpacker for far less than the agreed-upon price.
June 27, 2014
Bankrupt Quantum Foods LLC came to an agreement Friday with the purchaser of its equipment on the impasse over access to its old meatpacking plant, but a Delaware bankruptcy judge pushed consideration of any contempt order or sanctions to an undetermined later date.
June 26, 2014
Bankrupt Quantum Foods LLC asked the Delaware bankruptcy court on Thursday to let it access the meatpacking plants from which it sold equipment to West Liberty Foods LLC, after it claimed the buyer wouldn't allow the debtor access to its own records and had its representatives escorted out by local police.
May 29, 2014
A Delaware bankruptcy judge gave Quantum Foods LLC the thumbs up Thursday to hire Tiger Remarketing Services LLC to liquidate whatever assets the debtor can't unload in turnkey sales, after it resolved several objections to the arrangement by creditors who argued their rights connected to collateral were being ignored.
May 21, 2014
A Delaware bankruptcy judge on Wednesday gave Quantum Foods LLC the OK to revive its $60 million debtor-in-possession loan and find so-called turnkey buyers, allowing the meatpacker to keep its Chapter 11 case alive after a $54 million stalking horse sale to an Oaktree Capital Management LP unit collapsed.