January 23, 2013
Private equity-held direct marketer Vertrue LLC and its holding company Velo Holdings LLC got the go-ahead Wednesday to make their way out of bankruptcy less than a year after filing for Chapter 11 protection, with a New York bankruptcy judge approving their reorganization plan.
January 18, 2013
Private equity-held direct marketer Vertrue LLC on Thursday sought a New York bankruptcy judge's approval of its Chapter 11 reorganization plan, hoping to secure a quick exit from bankruptcy after reaching a plan that will see unsecured claim holders almost entirely shut out.
November 27, 2012
A New York bankruptcy judge on Tuesday approved private equity-held direct marketer Vertrue LLC's disclosure statement for its Chapter 11 plan, under which holders of general unsecured claims can hope to recover no more than 1 percent of their claims.
August 21, 2012
A New York bankruptcy judge on Tuesday greenlighted private equity-held direct marketer Vertrue LLC's sale of its lead-generation business Neverblue Communications Inc. to stalking horse bidder GWM Holdings Inc. for $39.2 million.
July 31, 2012
A New York bankruptcy judge on Monday halted a JPMorgan Chase Bank NA subsidiary from canceling credit card processing agreements with the bankrupt Vertrue LLC and its affiliates, preserving a business relationship that is responsible for facilitating about 95 percent of the direct marketer's credit card transactions.
June 06, 2012
A New York bankruptcy judge on Wednesday approved a $2.9 million key employee incentive plan requested by Velo Holdings Inc. as a means of keeping critical employees on board during its Chapter 11 restructuring, overruling two objections from the U.S. trustee.