Cloud Storage Co.'s Ch. 11 Sale Yields $13M Price Hike

Law360, Wilmington (August 29, 2018, 6:41 PM EDT) -- Attorneys for Tintri Inc. told a Delaware bankruptcy judge Wednesday that a two-day Chapter 11 auction had yielded a price for its assets that exceeded its stalking horse baseline bid by more than $13 million.

During a hearing in Wilmington, John D. Fiero of Pachulski Stang Ziehl & Jones LLP said the auction commenced Monday and continued through six rounds of bidding into the early evening hours of Tuesday, when stalking horse bidder DataDirect Networks Inc. presented its final offer of $53.8 million.

The offer topped a bid from the only other auction participant, ESW Capital LLC, whose final and best...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!