Drone LC, Inc. (f/k/a Lily Robotics, Inc.)

Case No. 17-10426


Case Background

On February 27, 2017, Drone, LC, Inc. (f/k/a Lily Robotics, Inc.) (the "Debtor") 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 Delaware.  The case is pending before the Honorable Kevin J. Carey.

Important Information & Dates

Claim Distributions

Distributions are being made to holders of Allowed Customer Claims on a rolling basis as such claims are allowed.  Most distributions are being made via PayPal or physical check.  Where possible, distribution was made via refund to the credit card used for purchase.  Distributions made via PayPal are equal to the Allowed Customer Claim amount, less $1 for claimants located in the United States or 2% for claimants located outside the United States.  Distributions made via physical check are equal to the Allowed Customer Claim amount, less a $15 transaction fee. 

Some distributions may be returned to Prime Clerk as undeliverable, regardless of distribution method.  Prime Clerk will attempt to reissue such distributions on a rolling basis via another method.

Plan & Disclosure Statement

On July 11, 2017, the Debtor filed their Plan of Liquidation and the Disclosure Statement related thereto.  On August 1, 2017, the Bankruptcy Court entered an order approving the Disclosure Statement.  On September 19, 2017, the Bankruptcy Court entered an order confirming the Plan.  On September 29, 2017, the Effective Date of the Plan occurred, and the Plan was consummated.    

Claim Filing Deadline

Bar Date for Filing Proofs of Claim

The Bankruptcy Court has established the following deadlines for filing proofs of claim against the Debtor:

  • General Bar Date (all creditors other than Governmental Units): June 26, 2017 at 4:00 PM (ET)
  • Customer Claim Bar Date: July 10, 2017 at 4:00 PM (ET)
  • Governmental Claim Bar Date: August 28, 2017 at 4:00 PM (ET)

Click on "Submit a Claim" above for more information regarding filing a claim against the Debtor.

Asset Sale

On March 13, 2017, the Debtor filed a motion to sell substantially all of their assets.  On April 28, 2017, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale.  On June 20, 2017, the Bankruptcy Court entered an order authorizing the sale. 

Hearing on First Day Motions

A hearing on the Debtor's First Day Motions was held on February 28 at 11:30 a.m. (ET) before the Honorable Kevin J. Carey, United States Bankruptcy Court for the District of Delaware, 824 North Market Street, 5th Floor, Courtroom No. 5, Wilmington, Delaware 19801.  A final hearing on certain of the First Day Motions was held on March 27, 2017 at 11:00 a.m. (ET). Please click below to view and download the First Day Motions and First Day Orders:

First Day Motions

First Day Orders


Dates

February 27 2017 Petition Date (2017) Voluntary Peti... Add to Calendar
September 29 2017 Effective Date (2017) Notice of Effe... Add to Calendar
September 24 2018 Case Closed (2018) Order Issuing ... Add to Calendar
+ SHOW ALL DATES
February 27 2017 (2017)
February 28 2017 11:30 AM (ET)
March 27 2017 11:00 AM (ET)
Final Hearing on First Day Motions First Day Orders Add to Calendar
April 4 2017 1:30 PM (ET)
April 6 2017 12:30 PM (ET)
April 25 2017 3:00 PM (ET)
April 25 2017 3:00 PM (ET)
May 23 2017 10:00 AM (ET)
May 23 2017 3:00 PM (ET)
June 7 2017 10:00 AM (ET)
June 15 2017 1:00 PM (ET)
June 15 2017 1:00 PM (ET)
June 26 2017 4:00 PM (ET)
June 27 2017 10:00 AM (ET)
July 10 2017 4:00 PM (ET)
August 15 2017 10:00 AM (ET)
August 28 2017 4:00 PM (ET)
September 19 2017 10:00 AM (ET)
September 29 2017 (2017)
October 31 2017 1:00 PM (ET)
November 28 2017 11:00 AM (ET)
December 20 2017 1:30 PM (ET)
February 13 2018 10:00 AM (ET)
March 20 2018 1:30 PM (ET)
April 4 2018 2:30 PM (ET)
April 24 2018 1:30 PM (ET)
June 4 2018 1:00 PM (ET)
August 8 2018 10:00 AM (ET)
October 1 2018 1:00 PM (ET)
September 24 2018 (2018)

Parties

Debtor's Counsel

  • Morris Nichols Arsht & Tunnell LLP

    1201 North Market Street, 16th Floor
    P.O. Box 1347
    Wilmington, DE   19899-1347
    http://www.mnat.com/
    Phone: 302.658.9200
    Fax: 302.658.3989

    Robert J. Dehney
    Andrew R. Remming

  • Orrick Herrington & Sutcliffe LLP

    51 West 52nd Street
    New York, NY   10019
    https://www.orrick.com/
    Phone: 212.506.5000

    Laura Metzger
    Jennifer Asher

  • Orrick Herrington & Sutcliffe LLP

    Columbia Center
    1152 15th Street, N.W.
    Washington, D.C.   20005-1706
    https://www.orrick.com/
    Phone: 202.339.8400
    Fax: 202.339.8500

    Douglas S. Mintz

United States Trustee and Court Information

Debtor

Case Number Debtor Name Petition Date
Case Number 17-10426 Debtor Name Drone LC, Inc. (fka Lily Robotics, Inc.) Petition Date February 27, 2017