Leaf123, Inc.

  1. May 22, 2015

    Natrol Gets Nod For Ch. 11 Plan Over IRS Opposition

    A Delaware bankruptcy judge on Friday blessed Natrol Inc.'s Chapter 11 plan to pay creditors in full from the proceeds of a $132.5 million sale of its nutritional supplement business, rejecting the Internal Revenue Service's contention that funds shouldn't be handed out until the debtor calculates its tax bill.

  2. May 15, 2015

    Citibank Appeals Denial Of Standing In Natrol Ch. 11

    Citibank NA on Thursday challenged a Delaware bankruptcy judge's ruling to deny the bank standing in Natrol Inc.'s Chapter 11 case to object to the vitamin maker's bankruptcy plan and to investigate a $23 million settlement of fraud claims lodged by the debtor's buyer against its insolvent parent.

  3. May 08, 2015

    Natrol Judge Delays Ch. 11 Plan Confirmation

    A Delaware bankruptcy judge on Friday postponed consideration of Natrol Inc.'s Chapter 11 plan to dole out proceeds from its $132.5 million sale, providing time for the Internal Revenue Service to evaluate treatment of its tax claim and creditors to review a recent settlement with Natrol's buyer.

  4. May 05, 2015

    Citibank Denied Bid To Delay Natrol Ch. 11 Plan Confirmation

    A Delaware bankruptcy judge on Tuesday denied Citibank NA's bid to delay the confirmation hearing for Natrol Inc.'s Chapter 11 plan, questioning whether the bank even had standing in the case, but left the door open on similar requests from the U.S. Trustee's Office and the Internal Revenue Service.

  5. May 04, 2015

    IRS Balks At Natrol Liquidation Plan Over 11th-Hour Deal

    The Internal Revenue Service on Friday cried foul over changes to Natrol Inc.'s liquidation plan to divvy up the spoils from its $132.5 million sale to India's Aurobindo Pharma Ltd., saying the last-minute inclusion of a settlement with the supplement maker's former owner could shortchange the agency's tax claims.

  6. May 01, 2015

    Feds Attack Natrol's Ch. 11 Plan For Favoring Equity

    Federal bankruptcy watchdogs on Friday urged the judge presiding over Natrol Inc.'s liquidation to deny the supplement maker's proposal for doling out the proceeds from a $132.5 million sale to India's Aurobindo Pharma Ltd., saying the repayment scheme elevates Natrol's former owner over creditor claims.

  7. April 16, 2015

    Natrol Buyer Tells Judge It Resolved Row With Ex-Owners

    A Delaware bankruptcy judge was told Thursday that Natrol LLC, the company formed when Aurobindo Pharma USA Inc. bought Natrol Inc., settled its dispute with the supplement maker's former owners connected to an alleged "sham" contract, but the precise details of the deal were not revealed to the court.

  8. April 02, 2015

    Natrol Gets Green Light On Ch 11. Plan Disclosures

    A Delaware bankruptcy judge gave the Natrol Inc. estate approval Thursday on the disclosure statement for its Chapter 11 liquidation plan, ruling that opposition from rival nutritional supplement maker Nature's Products Inc. over claims arising from a Florida lawsuit was an issue more appropriate for the confirmation hearing.

  9. February 18, 2015

    Natrol Estate Floats Ch. 11 Plan Covering All Debts

    Natrol Inc.'s bankruptcy estate on Wednesday proposed a Chapter 11 liquidating plan that would dole out assets, including the proceeds from the nutritional supplement maker's $132.5 million sale, to provide its creditors with a complete recovery.

  10. November 12, 2014

    Bankrupt Natrol Gets Nod For $132.5M Sale To Aurobindo

    A Delaware bankruptcy judge on Wednesday signed off on nutritional supplement maker Natrol Inc.'s $132.5 million sale to Aurobindo Pharma USA Inc., the result of a three-way auction that boosted the initial price tag by more than $45 million.