Troika Media Group, Inc.

  1. April 01, 2024

    BlockFi-FTX Deal Gets OK, Chile Telecom Co. Hits Ch. 11

    Cryptocurrency giants FTX and BlockFi have gotten approval from a court on a deal to end their disputes, Yellow Corp's fight with federal pension regulators will stay in bankruptcy court and Chile's largest phone and internet provider has hit Chapter 11. This is the week in bankruptcy.

  2. March 27, 2024

    Troika Media Can Exit Ch. 11 After Settlement And Lender Sale

    Marketing firm Troika Media Group Inc. is set to exit bankruptcy before the end of the month after a New York bankruptcy judge Wednesday said he would approve its Chapter 11 plan to sell itself as a going concern and settle pre-bankruptcy legal disputes.

  3. February 13, 2024

    Troika Strikes Ch. 11 Deal To Release $29M In Escrow

    The bankrupt marketing firm Troika Media Group told a New York court on Tuesday that it had settled a key dispute over its 2022 acquisition of another marketing agency, Converge Direct LLC, agreeing that $29 million being held in escrow should be released and paving the way for the Chapter 11 case to move forward.

  4. February 06, 2024

    NY Marketing Co. Gets OK For $51M Sale To Lender

    The marketing firm Troika Media Group received final approval Tuesday of its $11 million debtor-in-possession loan from secured lender Blue Torch Finance, and for its $51 million credit sale to Blue Torch.

  5. January 26, 2024

    Marketing Co.'s Unsecured Creditors Blast Sale Proposal

    The unsecured creditors in Manhattan-based marketing firm Troika Media Group's Chapter 11 case have asked a New York bankruptcy judge to reject the company's plan for a sale to its secured lender, alleging the transaction would only benefit secured lenders and leave the business administratively insolvent.

  6. January 11, 2024

    NY Marketing Co. Can Take Acquisition Dispute To Mediation

    A New York bankruptcy judge Thursday sent the Troika Media Group marketing firm and a former executive of a company it purchased before its Chapter 11 filing into mediation over the fate of $16 million held in escrow in the sale transaction.

  7. January 10, 2024

    NY Marketing Co. Wants To Mediate Acquisition Dispute

    A Manhattan-based marketing firm has urged a New York bankruptcy judge to override an objection to a request to mediate disputes stemming from its purchase of a competing company, arguing the request is within the court's jurisdiction and needs to be resolved quickly for the firm's Chapter 11 case to succeed.