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Avaya Services Inc.

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Case overview

Case Number:

1:17-bk-10088

Court:

New York Southern

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. May 22, 2017

    Bankrupt Avaya Attacked Over Survivor Benefits

    The widow of a former Avaya Inc. worker told a New York bankruptcy court on Sunday that she and other recipients of survivorship benefits cannot be shoved aside in the tech company's bankruptcy, citing appellate precedent in which an Avaya ancestor agreed with her characterization of the benefit.

  2. May 18, 2017

    Avaya Faces Opposition To Ch. 11 Exclusivity Extension

    Holders of more than $4.6 billion in first-lien debt against Avaya Inc. urged a New York bankruptcy court this week to reject the telecom giant's request for a 120-day extension to exclusively file a Chapter 11 plan, criticizing the company's current proposal and failure to include them in negotiations.

  3. April 14, 2017

    Avaya's $3M Executive Bonus Plan Gets Judge's Approval

    Executives at bankrupt telecom giant Avaya Holdings Inc. can collect up to $3 million in bonuses for hitting earnings targets tied to this year's fiscal second quarter, a New York bankruptcy judge ruled Friday, after the U.S. trustee's office dropped its objection to the payouts.

  4. April 13, 2017

    Avaya Exec Says Bonus Plan Has Incentivized Performance

    Bankrupt telecom giant Avaya doubled down Wednesday on its bid to pay $3.7 million in bonuses to six top executives, with the company's chief restructuring officer telling the New York bankruptcy court that reaching the target revenue numbers for the bonuses has been a genuine challenge.

  5. March 30, 2017

    Bankruptcy Judge Wants More Info On Avaya Bonus Plan

    A New York bankruptcy judge on Thursday asked bankrupt telecom giant Avaya Inc. to provide him with more numbers to back its motion to allow a plan to reward 11 executives with $3.7 million in bonuses.

  6. March 28, 2017

    US Trustee Rips Avaya's $3.7M Bankruptcy Bonus Plan

    Bankrupt telecom giant Avaya Inc.'s plan to reward 11 executives with $3.7 million in bonuses is a thinly veiled insider payout with no real purpose and shouldn't be allowed, the federal bankruptcy watchdog said in its latest objection to the company's bonus policies.

  7. March 21, 2017

    Avaya Gets Approval To Back Out Of 49ers Suite Contract

    A New York bankruptcy judge on Tuesday approved a request by telecommunications provider Avaya Holdings Inc. to back out of a 10-year commitment to license a San Francisco 49ers stadium suite after the debtor drew attention to the team's recent losing seasons in a court filing.

  8. March 09, 2017

    Extreme Networks Lobs $100M Stalking Horse For Avaya Biz

    Telecommunications provider Avaya Holdings Inc. told a New York bankruptcy court Wednesday that Extreme Networks Inc. has submitted a $100 million stalking horse bid for the debtor's networking business.

  9. March 03, 2017

    Avaya Fights Trustee's 'Insider' Label In Bid To Pay Bonuses

    Telecommunications provider Avaya Holdings Inc. told a New York bankruptcy court on Friday that it should be permitted to distribute additional compensation and incentive program payments to three company vice presidents, disputing the U.S. trustee's position that those employees should be excluded because they qualify as "insiders."

  10. March 02, 2017

    Bankrupt Avaya Seeks Use Of Up To $3.7M For Exec Bonuses

    Telecommunications provider Avaya Holdings Inc. asked a New York bankruptcy court on Wednesday for permission to pay up to $3.7 million in this year's fiscal second quarter to 11 "key" executives as part of an incentive program to help it outperform earnings targets.

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