Aceto Corporation
Case No. 19-13448
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. On July 26, 2019, the Bankruptcy Court entered an order approving the Disclosure Statement. On September 18, 2019, the Bankruptcy Court entered an order confirming the Plan. On October 1, 2019 at 12:01 a.m. (ET), the Effective Date of the Plan occurred, and the Plan was consummated. Please click below to view and download the Plan & Disclosure Statement related documents:
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.
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
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Lowenstein Sandler LLP
One Lowenstein Drive
Roseland, NJ 07068
https://www.lowenstein.com
Phone: 973.597.2500
Fax: 973.597.2400
Michael S. Etkin, Esq.
Wojciech F. Jung, Esq.
Philip J. Gross, Esq.
Official Committee of Unsecured Creditors
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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.
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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
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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
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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 |
|---|---|---|
| Case Number 19-13448 | Debtor Name Aceto Corporation | Petition Date February 19, 2019 |
| Case Number 19-13449 | Debtor Name Tri Harbor Chemical Holdings LLC | Petition Date February 19, 2019 |
| Case Number 19-13447 | Debtor Name Kavod Pharmaceuticals LLC | Petition Date February 19, 2019 |
| Case Number 19-13453 | Debtor Name KAVACK Pharmaceuticals LLC | Petition Date February 19, 2019 |
| Case Number 19-13451 | Debtor Name Kavod Health LLC | Petition Date February 19, 2019 |
| Case Number 19-13452 | Debtor Name Kavris Health, LLC | Petition Date February 19, 2019 |
| Case Number 19-13454 | Debtor Name Arsynco, Inc. | Petition Date February 19, 2019 |
| Case Number 19-13450 | Debtor Name Tri Harbor Realty LLC | Petition Date February 19, 2019 |
| Case Number 19-13455 | Debtor Name Acci Realty Corp. | Petition Date February 19, 2019 |