NewAge, Inc.
Case Number:
1:22-bk-10819
Court:
Nature of Suit:
Firms
- Baker & Hostetler
- Benesch
- Bryan Cave
- Buchalter APC
- Buchanan Ingersoll
- Chipman Brown
- Cole Schotz
- Connolly Gallagher
- Dentons
- Doshi Legal Group
- Greenberg Traurig
- Kirkland & Ellis
- Lubin Olson
- Manning Curtis
- Margolis Edelstein
- McCarter & English
- Mirick O'Connell
- Morris James
- Offit Kurman
- Pachulski Stang
- Peters & Nye
- Porzio Bromberg
- Potter Anderson
- Ray Quinney
- Reger Rizzo
- Saul Ewing
- Schnader Harrison
- Shumaker Loop
- Sullivan Hazeltine
- Wilson Sonsini
- Womble Bond
Companies
- Bank of America Corp.
- Cincinnati Financial Corp.
- NewAge Inc.
- Oracle Corp.
- SelectHealth Inc.
- Stretto Inc.
- Wells Fargo & Co.
Government Agencies
Sectors & Industries:
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June 02, 2023
NewAge Ch. 11 Trustee Sues Directors, Officers In Del.
A liquidating trustee for bankrupt network marketing venture NewAge Inc. has filed a 111-page adversary complaint in the U.S. Bankruptcy Court for Delaware, naming 20 individuals and six companies tied to "financial devastation" wrought on the one-time global business prior to its retreat into Chapter 11 in August 2022.
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February 24, 2023
NewAge Gets Ch. 11 Liquidation Plan Confirmed
Direct-to-consumer juice seller NewAge Inc. won a Delaware bankruptcy court's approval Friday of a Chapter 11 liquidation plan after resolving claims with multiple creditors including tax authorities and waiving its rights to pursue other claims.
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February 01, 2023
NewAge Strikes Deal With Buyers In $8.2M Cash Dispute
NewAge Inc. urged a Delaware bankruptcy judge to approve a settlement tying up a disputed $8.2 million stemming from the health and wellness product distributors' 2022 bankruptcy.
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October 14, 2022
Alex Jones' Billion-Dollar Penance, Puerto Rico Prunes Debt
Conspiracy theorist Alex Jones' podcast company is headed toward Chapter 11 mediation after a $965 million defamation damages judgment, Puerto Rico takes another step in restructuring the island's public debt, and the U.S. Supreme Court remanded issues over an increase in trustee fees to the Second Circuit. This is the week in bankruptcy.
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October 11, 2022
NewAge To Get OK For $28M Ch. 11 Credit Bid Sale
A Delaware bankruptcy judge said on Tuesday that she was prepared to approve the $28 million sale of health and wellness product distributor NewAge Inc., after the company said it received no offers that beat its stalking horse credit bid.
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September 23, 2022
Boy Scouts Appeals Roll In, Alex Jones Ch. 11 Attys Nixed
More than a dozen insurers commenced appeals of the Boy Scouts of America's confirmed Chapter 11 plan, proposed attorneys and advisers in an Alex Jones-linked bankruptcy were disqualified, and talc injury claimants questioned the good faith of Johnson & Johnson's talc unit in filing for bankruptcy. This is the week in bankruptcy.
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September 20, 2022
Judge Gives NewAge OK For Quick Ch. 11 Auction
A Delaware bankruptcy judge Tuesday said health and wellness product distributor NewAge Inc. can put its assets on the block within three weeks after the stalking horse bidder resolved objections with a pledge of up to $1.5 million for unsecured creditors.
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September 02, 2022
Ch. 11 Cheat Sheet: NewAge Inc.
Health and wellness product distributor NewAge Inc. filed for Chapter 11 Tuesday with $300 million in liabilities and a $28 million credit bid from a longtime sales representative in its multilevel marketing network.
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September 02, 2022
Sears, Boy Scouts Each Move Closer To Ch. 11 Resolutions
The yearslong dispute between Sears and its former CEO ended with a deal, the Boy Scouts of America took a giant leap toward confirmation, and crypto investment platform Celsius wants to release $56 million of digital assets. This is the week in bankruptcy.
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September 01, 2022
NewAge Gets OK For $16M Loan From Stalking Horse Bidder
A Delaware bankruptcy judge on Thursday gave health and wellness product distributor NewAge Inc. the go-ahead to tap into $16 million in Chapter 11 financing from the sales representative putting up a $28 million stalking horse bid for the business.