November 14, 2023
A group of investors with potential securities litigation claims against SmileDirectClub asked a Texas bankruptcy judge to reject the company's Chapter 11 plan disclosure statement, saying it lacks adequate information on claims releases they argue will "eviscerate" their suits.
November 07, 2023
SmileDirectClub got final approval from a Texas bankruptcy judge Tuesday to tap into $20 million in debtor-in-possession financing, but said it would wait a month to see if it needs to resolve objections to the collateral on its remaining $30 million in financing.
November 06, 2023
SmileDirectClub alleged that Invisalign maker Align Technology is objecting to final approval of the debtor-in-possession financing in SmileDirectClub's Chapter 11 case in Texas bankruptcy court as a continuation of Align's litigation campaign bent on destroying its competitor.
November 03, 2023
Unsecured creditors in SmileDirectClub's Chapter 11 case urged a Texas bankruptcy judge to postpone the final hearing on a $55 million debtor-in-possession funding package, saying the terms of the loan would impede their "appropriate and necessary" investigation into potential wrongdoing by company insiders.
October 13, 2023
Mail-order dental service company SmileDirectClub has asked a Texas bankruptcy judge to quickly approve a $5.25 million sale of its corporate jet, saying the company no longer needed it after shifting to a work-from-home model during the COVID-19 pandemic.
October 02, 2023
Bankrupt dental treatment service SmileDirectClub Inc. received approval from a Texas judge Monday to borrow $30 million under a Chapter 11 lending package to help fund its search for a buyer after filing for bankruptcy late Friday with more than $1 billion in debt.