NewAge, Inc.

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.