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

Plan and Disclosure Statement

On June 17, 2019, the Debtors filed their Plan of Liquidation and the Disclosure Statement related thereto. The Bankruptcy Court will hold a hearing to consider approval of the Disclosure Statement on July 25, 2019 at 11:00 a.m., Courtroom #3B, U.S. Bankruptcy Court, 50 Walnut Street, Newark, NJ 07102.

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, 2019, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale.  The Bankruptcy Court held a hearing to consider approval of the sale on April 9, 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 Bankruptcy Court held a hearing to consider approval of the sale on April 16, 2019.

Sale Documents

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:

First Day Motions

First Day Orders

Dates

February
19

Petition Date

___________
July
25

Disclosure Statement Hea...

11:00 a.m. (ET)
August
19

Governmental Bar Date

5:00 p.m. (ET)
February
19
___________
February
21
10:00 a.m. (ET)
March
15
10:00 a.m. (ET)

Final Hearing on Certain First Day Motions

April
9
1:00 p.m. (ET)

Pharma Sale Hearing

April
16
2:00 p.m. (ET)

Chemical Plus Sale Hearing

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 Tri Harbor Chemical Holdings LLC February 19, 2019
19-13447 Kavod Pharmaceuticals LLC February 19, 2019
19-13453 KAVACK Pharmaceuticals LLC February 19, 2019
19-13451 Kavod Health LLC February 19, 2019
19-13452 Kavris Health, LLC February 19, 2019
19-13454 Arsynco, Inc. February 19, 2019
19-13450 Tri Harbor Realty LLC February 19, 2019
19-13455 Acci Realty Corp. February 19, 2019