Judge Finds No Fraud In Vote For Melinta's Ch. 11 Plan

Law360 (July 7, 2020, 5:34 PM EDT) -- Emphasizing that she found no fraud in vote-handling or counts prior to confirmation of antibiotic developer Melinta Therapeutics' Chapter 11 reorganization in April, a bankruptcy judge in Delaware declined Tuesday to reconsider a recent denial of stockholder requests to revoke the plan.

U.S. Bankruptcy Judge Laurie Selber Silverstein noted her decision after listening at length to requests from former Melinta stockholder Lin Luo for a clarification of the court's ruling on voting eligibility and tabulations for the company's plan, built largely on a $140 million debt for equity swap with the company's top creditor.

"I saw no fraud in the presentation...

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!


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!