Morris Nichols Bankruptcy Alert - VIVUS, Inc. and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware
On July 7, 2020, VIVUS, Inc. 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. – 20-11779
Debtors – VIVUS, Inc., Vivus Pharmaceuticals Limited, Vivus B.V., and Vivus Digital Health Corporation
Description of Debtors – Pharmaceutical and Medicine Manufacturing
Website of Debtors (URL) – www.vivus.com
Assigned Judge – The Honorable Laurie Selber Silverstein
Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Richards, Layton & Finger, P.A. and Weil, Gotshal & Manges LLP.
Proposed Financial Advisor – Ernst & Young
Proposed Investment Banker – Piper Sandler Companies
Plan Status – Plan filed with petitions.
First Day Hearing – A first day hearing has been scheduled for July 10, 2020 at 1:00 p.m.
Bankruptcy Documents –
- Lead Case Petition
- First Day Affidavit / Declaration
- First Day Hearing Agenda
- Disclosure Statement
Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.