Case Background
On February 19, 2019, Aceto Corporation and 8 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. The cases are pending before the Honorable Vincent F. Papalia, and are jointly administered under Case No. 19-13448.
Important Information & Dates
Asset Sale
On March 8, 2019, the Debtors filed a motion to sell substantially all of their assets comprising the Debtors Pharma business. On March 19, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale. The Auction, if required, will be held on April 2, 2019. The Bankruptcy Court will hold a hearing to consider approval of the sale on April 8, 2019.
On February 22, 2019, the Debtors filed a motion to sell substantially all of their assets comprising the Debtors Chemical Plus business. On March 15, 2019, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale. The Auction, if required, will be held on April 12, 2019. The Bankruptcy Court will hold a hearing to consider approval of the sale on April 16, 2019.
First Day Motions and Orders
A hearing on the Debtors' First Day Motions was held on February 21, 2019 at 10:00 a.m. (ET) before the Honorable Vincent F. Papalia, United States Bankruptcy Court for the District of New Jersey, Courtroom #3A (Judge Stecey L. Meisel's Courtroom), Martin Luther King, Jr. Federal Building, 50 Walnut Street, Third Floor, Newark, NJ 07102. A final hearing on certain of the First Day Motions was held on March 15, 2019 at 10:00 a.m. (ET). Please click below to view and download the First Day Motions and the First Day Orders:
Dates
Parties
Debtors' Counsel
Lowenstein Sandler LLP
One Lowenstein Drive
Roseland,
NJ
07068
https://www.lowenstein.com
Phone: 973.597.2500
Fax: 973.597.2400
Kenneth A. Rosen, Esq.
Michael S. Etkin, Esq.
Paul Kizel, Esq.
Jeffrey Cohen, Esq.
Philip J. Gross, Esq.
Official Committee of Unsecured Creditors
Porzio, Bromberg & Newman, P.C.
100 Southgate Parkway
P.O. Box 1997
Morristown,
NJ
07962
https://pbnlaw.com/
Phone: 973.538.4006
Fax: 973.538.5146
Warren J. Martin, Jr., Esq.
Robert M. Schechter, Esq.
Rachel A. Parisi, Esq.
Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York,
NY
10038-4982
https://www.stroock.com/
Phone: 212.806.5400
Fax: 212.806.6006
Erez E. Gilad, Esq.
Jayme T. Goldstein, Esq.
Joanne Lau, Esq.
Gabriel Sasson, Esq.
United States Trustee and Court Information
United States Bankruptcy Court - District of New Jersey
Martin Luther King, Jr. Federal Building
50 Walnut Street, 3rd Floor
Newark,
NJ
07172
http://www.njb.uscourts.gov
Phone: 973.645.4764
Honorable Vincent F. Papalia
Courtroom #3B
Office of the US Trustee
One Newark Center, Suite 2100
1085 Raymond Boulevard
Newark,
NJ
07102
https://www.justice.gov/ust-regions-r03
Phone: 973.645.3014
Mitchell B. Hausman, Esq.
Debtors
Case Number |
Debtor Name |
Petition Date |
|---|---|---|
| 19-13448 | Aceto Corporation | February 19, 2019 |
| 19-13449 | Aceto Agricultural Chemicals Corporation | February 19, 2019 |
| 19-13447 | Rising Pharmaceuticals, Inc. | February 19, 2019 |
| 19-13453 | PACK Pharmaceuticals, LLC | February 19, 2019 |
| 19-13451 | Rising Health, LLC | February 19, 2019 |
| 19-13452 | Acetris Health, LLC | February 19, 2019 |
| 19-13454 | Arsynco, Inc. | February 19, 2019 |
| 19-13450 | Aceto Realty LLC | February 19, 2019 |
| 19-13455 | Acci Realty Corp. | February 19, 2019 |