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Invitae Corporation

  1. July 23, 2024

    Invitae's Ch. 11 Plan Needs Tweaking, Judge Says

    A New Jersey bankruptcy judge said he would confirm the Chapter 11 liquidation plan for genetic testing company Invitae, if it made changes to how it handled distributions to certain creditors.

  2. July 22, 2024

    Invitae Awaits Ch. 11 Plan Decision After Testy Hearing

    Following a lengthy and contentious hearing Monday, a New Jersey bankruptcy judge said he would rule Tuesday on a motion seeking confirmation of genetic testing business Invitae's Chapter 11 plan, which would repay creditors using proceeds from a sale of the company's assets to Labcorp.

  3. July 15, 2024

    Giuliani Booted, Purdue Regroups, Redbox Pivots

    Rudy Giuliani's Chapter 11 case was tossed for his lack of financial disclosures, Purdue Pharma pressed for renewed plan mediation as creditors hedged their bets by seeking permission to sue its owners, and the parent company of Redbox pivoted to a liquidation due to what it described as mismanagement of the business.

  4. July 12, 2024

    Judge Denies Go-Ahead For Suit Over Invitae Refi Deal

    A Delaware bankruptcy judge on Friday told the unsecured creditors of Invitae that they had not shown it was worthwhile to allow them to challenge the bankrupt genetic testing company's 2023 debt refinancing.

  5. July 09, 2024

    Settlement Urged Before Decision In Invitae Debt Deal Row

    A New Jersey bankruptcy judge Tuesday urged Invitae and its unsecured creditors committee to continue trying to reach a settlement before he issues a preliminary ruling Friday on whether the committee has standing to pursue litigation against the genetic testing company.

  6. June 11, 2024

    Invitae Can Collect Ch. 11 Plan Votes Amid Debt Deal Row

    A New Jersey bankruptcy judge said Tuesday he would allow Invitae to send its Chapter 11 plan out for votes, after the genetic testing company agreed to note in its disclosure statement that the committee of unsecured creditors is opposing the proposed liquidation because of concerns over a prepetition financing agreement.

  7. May 30, 2024

    Invitae Ch. 11 Creditor Standing Issue Sent To Mediation

    A New Jersey bankruptcy judge on Thursday referred to mediation a motion from Invitae Corp.'s unsecured creditors seeking standing to bring actions on behalf of the debtor's estate, explaining that while he is able to decide on the matter, he hoped to avoid the costs of litigating the question.

  8. May 07, 2024

    Prepetition Waivers Sway Invitae Judge On Kirkland Hire

    A New Jersey bankruptcy judge approved the retention of Kirkland & Ellis LLP as bankruptcy counsel for debtor Invitae Corp. Tuesday, the same day he approved a $239 million sale of its assets to Labcorp.

  9. April 29, 2024

    ABI's New Prez, Scammers Charged, Giuliani To Appeal

    The American Bankruptcy Institute named Polsinelli attorney Christopher A. Ward as its new president, the Office of the United States Trustee charged two with fraud for petition preparation services, and Rudy Giuliani asked a New York judge for permission to appeal his $148 million defamation verdict to the D.C. Circuit.

  10. April 26, 2024

    Invitae Defends Its Ch. 11 Hire Of Kirkland Against DQ Bid

    Bankrupt genetic-testing company Invitae Corporation has told a New Jersey bankruptcy judge that attempts to disqualify Kirkland & Ellis LLP as its bankruptcy counsel are baseless and no conflicts exist for the firm due to its representation of a creditor in other legal matters.

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