Solar Biotech, Inc.
Case Number:
1:24-bk-11402
Court:
Nature of Suit:
Firms
- Brinkman Law Group
- Hogan Lovells
- Porzio Bromberg
- Potter Anderson
- Rosner Law Group LLC
- Weir Greenblatt
- Wilson Sonsini
Companies
Sectors & Industries:
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January 28, 2025
Solar Biotech Gets OK For Failed Bidder Breakup Fee
A Delaware bankruptcy judge on Tuesday gave biotechnology firm Solar Biotech permission to pay a $456,000 breakup fee to the unsuccessful bidder in its Chapter 11 auction, saying the baseline offer provided a benefit to the estate.
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December 06, 2024
Creditor Says Failed Solar Biotech Bidder Shouldn't Get Fee
A creditor of Solar Biotech asked a Delaware bankruptcy judge to deny a request to pay the failed stalking horse bidder's $456,000 breakup fee, arguing there was no evidence the protections were necessary or that the bidder relied on them.
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September 06, 2024
US Trustee Says Solar Biotech Sale Price May Be Too Low
The U.S. Trustee's Office has filed an objection in Delaware bankruptcy court to Solar Biotech's proposed $14.9 million credit bid asset sale, saying it does not appear to leave anything to pay Chapter 11 expenses.