Revstone Industries, Inc.

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Case overview

Case Number:

1:12-bk-13262

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 03, 2013
Revstone Creditors Want Pachulski Stang Off Unit's Case

The creditors committee and a major creditor in the Revstone Industries LLC Chapter 11 case Friday challenged the hiring of Pachulski Stang Ziehl & Jones LLP as counsel to a bankrupt Revstone subsidiary, arguing that the law firm wasn't properly retained under the company's corporate rules.
August 30, 2013
Bankrupt Auto Parts Maker Gets Green Light for $25M Deal

A Delaware bankruptcy judge on Friday signed off on the proposed $25 million sale of auto parts manufacturer Metavation LLC to industry rival Dayco Products LLC, a deal backed by automakers who rely on the Revstone Industries LLC unit for specialized component parts.
August 22, 2013
Bankrupt Revstone Unit Gets Nod On Chrysler, GM Pact

A Delaware bankruptcy judge on Thursday approved a sale support agreement between Revstone Industries LLC's bankrupt subsidiary Metavation Inc. and General Motors Co. and Chrysler Group Inc., which the debtor argued was crucial to the going-concern value of the affiliate leading up to a proposed $25 million stalking horse sale.
August 19, 2013
Revstone Rips Creditors' Ch. 11 Plan Over PBGC Claim

Bankrupt Revstone Industries LLC fired a shot Sunday at a Chapter 11 plan filed by the creditors committee, arguing that it is unconfirmable because it, among other things, does not fully address more than $67 million in claims from The Pension Benefit Guaranty Corp.
August 07, 2013
Timeline Stretched For Revstone Unit's Ch. 11 Sale

A Delaware bankruptcy judge said he would give the go-ahead Wednesday to the procedures for a $25 million stalking horse sale by Revstone Industries LLC's bankrupt affiliate Metavation LLC, but not on as tight a timetable as the company would have liked.
August 01, 2013
Revstone Creditors Balk At Pachulski Stang Fee Allocations

Contention over representation in the Revstone Industries LLC bankruptcy case continued Wednesday with creditors setting their sights on the debtor's main counsel Pachulski Stang Ziehl & Jones LLP, arguing that it's not clear exactly how the firm is allocating its services among the debtor's various affiliates.
July 30, 2013
Bankrupt Revstone Unit Unveils Pact With Chrysler, GM

Revstone Industries LLC's bankrupt subsidiary on Monday unveiled details about a sale support agreement with General Motors Co. and Chrysler Group Inc. that is designed to keep the debtor in business as the days count down to its proposed $25 million stalking horse sale to Dayco.
July 29, 2013
Revstone Creditors Buck Hiring Of Jacobs, Much Shelist

The creditors committee in the Revstone Industries LLC bankruptcy case objected late Friday to the company hiring law firms Much Shelist PC and Jacobs Associates, arguing that it's not clear who they'll be working for, and whether their retentions would create a conflict of interest.
July 24, 2013
Revstone Unit Metavation Gets OK For $9.5M DIP

A Delaware bankruptcy judge on Wednesday gave Metavation LLC the green flag to enter proposed $9.5 million debtor-in-possession financing package, one of a slate of pleadings engineered to take the auto parts manufacturer from filing to closing in little more than a month.
July 23, 2013
Joining Revstone In Ch. 11, Unit Plans $25M Sale

Auto parts manufacturer Metavation LLC joined parent Revstone Industries LLC in Delaware bankruptcy court Monday, filing for Chapter 11 with a $25 million stalking horse agreement in hand to to sell the bulk of its assets to industry rival Dayco.