January 23, 2017
Saul Ewing LLP has filed a fee and expense application seeking Delaware court approval of $11.4 million in fees and $300,000 in expenses for the firm's work on the Chapter 11 plan of food distributor Associated Wholesalers Inc.
September 30, 2016
The bankruptcy case successor to food distributor Associated Wholesalers Inc. rang up its final big deals Friday, winning confirmation of a liquidation plan nearly two years after agreeing to sell substantially all the company's assets to C&S Wholesale Grocers Inc.
May 06, 2015
The Delaware bankruptcy judge overseeing the liquidation of food distributor Associated Wholesalers Inc. signed off Tuesday on a request to allow the debtor to use credits and overpayments by vendors to offset secured claims and administrative costs, dealing a blow to Kraft, Pepsi and other vendors that fought the arrangement.
October 29, 2014
A Delaware bankruptcy judge on Wednesday blessed cooperative food distributor Associated Wholesalers Inc.'s $288.1 million sale to stalking horse C&S Wholesale Grocers Inc., which outlasted industry rival SuperValu Inc. at an auction last week.
October 28, 2014
Food distributor Associated Wholesalers Inc. deemed stalking horse C&S Wholesale Grocers Inc. the winner of a competitive bankruptcy auction for the company that drove the price up to $288 million, nearly $120 million more than the purchaser's original offer, an attorney for the creditors committee said Tuesday.
October 27, 2014
Federal regulators on Monday slammed bankrupt food distributor Associated Wholesalers Inc.'s proposed $170 million sale to stalking horse bidder C&S Wholesale Grocers Inc., arguing in Delaware federal bankruptcy court the deal implied AWI's buyer could skirt environmental laws and risk public safety.
October 22, 2014
A group of trade creditors of bankrupt Associated Wholesalers Inc. blasted the cooperative food distributor's proposed sale Wednesday, two days before the auction is scheduled to begin, arguing the court should reject it unless bidding brings in at least $25 million more for the estate.
October 16, 2014
A Delaware bankruptcy judge blessed a bonus plan Thursday that could pay executives of Associated Wholesalers Inc. more than $500,000, finding the food cooperative's program was incentive-based and modest in size.
October 10, 2014
The U.S. Trustee's Office took issue Friday with bankrupt food distributor Associated Wholesalers Inc. proposals to pay its management bonuses, arguing the incentive plans are pay-to-stay arrangements, with one of them compensating senior executives for simply being present when a sale closes.
September 26, 2014
Trade creditors of bankrupt Associated Wholesalers Inc. took issue Friday with the cooperative food distributor's proposed $193 million debtor-in-possession facility, claiming the credit package as structured will give a "windfall" to lenders and shut out priority vendor claims.