​​​​​​​Amyris Gets OK To Settle Pot Co.'s $15M Trade Secret Suit

By Yun Park · March 18, 2024, 5:06 PM EDT

A Delaware bankruptcy judge has approved biotechnology company Amyris' $15.1 million settlement with cannabinoid manufacturer Lavvan, resolving yearslong litigation and arbitration proceedings alleging the debtor misused its then-business partner's trade secrets....

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Bankruptcy Scorecard

Summary

Synthesized biologicals producer Amyris filed for Chapter 11 bankruptcy protection in August with more than $1.1 billion in debt and plans to sell parts of its business. It received court approval of its $190 million debtor-in-possession loan.

Case Number

1:23-bk-11131

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.1 billion

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Documents

Case Information

Case Title

Amyris, Inc.

Case Number

1:23-bk-11131

Court

Delaware

Nature of Suit

Date Filed

August 09, 2023