Morris Nichols Bankruptcy Alert - Checkout Holding Corp. and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware
On December 12, 2018, Checkout Holding Corp. and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.
Lead Case No. – 18-12794.
Debtor(s) – Checkout Holding Corp.; Catalina Marketing Corporation; Catalina Marketing Procurement, LLC; Catalina Marketing Technology Solutions, Inc.; Catalina Marketing Worldwide, LLC; Cellfire Inc.; Modiv Media, Inc.; PDM Group Holdings Corporation; PDM Holdings Corporation; PDM Intermediate Holdings A Corporation; and PDM Intermediate Holdings B Corporation.
Description of Debtor(s) – Advertising, public relations, and related services companies.
Website of Debtor(s) (URL) – www.catalina.com.
Assigned Judge – The Honorable Kevin Gross.
Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A.
Proposed Financial Advisor – FTI Consulting, Inc.
Proposed Investment Banker – Centerview Partners LLC.
Plan Status – A Joint Prepackaged Plan was filed with the petitions.
First Day Hearing – A first day hearing has been scheduled for December 13, 2018 at 12:00 p.m. ET.
Bankruptcy Documents –
- Lead Case Petition
- First Day Affidavit / Declaration
- Disclosure Statement
- First Day Hearing Agenda
Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.