January 30, 2024
The U.S. Trustee's Office told a Texas bankruptcy court Tuesday that a $257,000 fee application submitted by a former Jackson Walker attorney working for IEH Auto Parts Holding LLC should be denied in its entirety because the lawyer did not disclose a personal relationship with a since-resigned judge serving as a mediator in the proceedings.
June 16, 2023
A Texas bankruptcy judge Friday confirmed the Chapter 11 reorganization plan for IEH Auto Parts LLC, a company owned by billionaire Carl Icahn that is set to be liquidated after its assets were sold last month for $77 million.
May 19, 2023
A Texas bankruptcy judge on Friday approved the sale of most of IEH Auto Parts Holding LLC to Factory Motor Parts, despite a last-minute hiccup in which IEH learned the prior winning bidders might have benefited from insider information ahead of the auction.
May 02, 2023
A Texas bankruptcy judge approved a debtor-in-possession financing agreement Tuesday for IEH Auto Parts Holding LLC that would provide $75 million in new cash for the bankrupt auto parts distributor, and also OK'd a settlement to quash potential litigation between IEH and related companies.
February 01, 2023
An aftermarket auto parts retail chain owned by billionaire investor Carl Icahn received interim approval Wednesday to access a portion of $75 million in Chapter 11 financing provided by an insider of the debtor.