ATLS Acquisition, LLC

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Case overview

Case Number:

1:13-bk-10262

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 14, 2015
Liberty Medical Estate Gets Nod For Ch. 11 Plan

The estate of Liberty Medical Supply Inc. got the green light from a Delaware bankruptcy judge on Tuesday to move forward with a Chapter 11 plan that will dole out proceeds from a $68.5 million sale of the Liberty's diabetes testing equipment business.
June 16, 2015
Liberty Medical Makes Push For Ch. 11 Plan Confirmation

The Liberty Medical Supply Inc. bankruptcy estate made a final push in court Tuesday for confirmation of its Chapter 11 plan, which would distribute proceeds from the $68.5 million sale of its diabetes testing equipment business, but faced opposition from the U.S. trustee's office and ex-employees who'd lodged whistleblower claims.
June 10, 2015
IRS, Ex-Employees Blast Liberty Medical's Ch. 11 Plan

The U.S. Internal Revenue Service told a Delaware bankruptcy judge Tuesday that Liberty Medical Supply Inc.'s proposed Chapter 11 liquidation plan unfairly limits its recoupment rights, while two ex-employees say the plan shouldn't allow the company and its affiliates to skirt their whistleblower claims.
May 07, 2015
Liberty Medical Gets Nod For Ch. 11 Disclosure Statement

A Delaware bankruptcy judge on Thursday gave the green light to Liberty Medical Supply Inc.'s Chapter 11 disclosure statement, which lays out a liquidation plan that will distribute proceeds from $68.5 million sale of the Liberty's diabetes testing equipment business.
January 06, 2015
Liberty Medical Creditors Push To Sue Brass Over Pay

The creditors' committee in diabetes testing equipment company Liberty Medical Supply Inc.'s Chapter 11 asked the bankruptcy court late on Monday for standing to lodge an adversary action against the debtor's management team, arguing that the compensation to five of its executives may be avoidable under bankruptcy rules.
November 13, 2014
Liberty Medical Wins Approval For $68.5M Bankruptcy Sale

Diabetes testing equipment company Liberty Medical Supply Inc. got the green light from a Delaware bankruptcy judge on Thursday for its $68.5 million sale to an investment group led by private equity firm Palm Beach Capital.
October 24, 2014
Liberty Medical Strikes Deal Trimming $160M Medicare Claim

Bankrupt diabetes testing supply company Liberty Medical Supply Inc. on Friday agreed to settle a $160 million claim lodged by the Centers for Medicare and Medicaid Services for alleged overpayments, reaching a deal that will pay the agency nearly $32 million.
October 01, 2014
Liberty Medical Unveils Plan For $47M Stalking Horse Sale

Bankrupt diabetes testing supply company Liberty Medical Supply Inc. unveiled a plan Wednesday to sell the bulk of its assets in a stalking horse auction with the floor set by a bid valued at a minimum of $46.5 million in cash and assumed liabilities.
August 22, 2014
Liberty Med Creditors Want Execs' FCA-Defense Claims Nixed

The official unsecured creditors committee in Liberty Medical Supply Inc.'s Chapter 11 bankruptcy objected Thursday to indemnification claims made by two executives of parent ATLS Acquisition LLC who were defendants in a now-tossed $69 million False Claims Act lawsuit against Liberty and its related entities.
February 06, 2014
Judge Bars Whistleblower Claims In Liberty Medical Ch. 11

A Delaware bankruptcy judge on Thursday disallowed several claims in the Liberty Medical Supply Inc. Chapter 11 connected to former employees' $69 million U.S. False Claims Act lawsuit in Florida, siding with the debtor who says there's no proof it tampered with data to avoid reimbursing Medicare overpayments.

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