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Vyaire - COC - NOL Motion Final Order Final

Date
2024-06-10

Full text

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
)
In re:
)
Chapter 11
)
VYAIRE MEDICAL, INC., et al.,1
)
Case No. 24-11217 (BLS)
)
Debtors.
)
(Jointly Administered)
)
)
Re: Docket Nos. 14 & 91
CERTIFICATION OF COUNSEL REGARDING
MOTION OF DEBTORS FOR ENTRY OF INTERIM AND FINAL
ORDERS (I) APPROVING NOTIFICATION AND HEARING PROCEDURES
FOR CERTAIN TRANSFERS OF AND DECLARATIONS OF WORTHLESSNESS
WITH RESPECT TO COMMON STOCK AND (II) GRANTING RELATED RELIEF
The undersigned proposed counsel to Vyaire Medical, Inc. and certain of its affiliates, the
debtors and debtors in possession in the above-captioned cases (collectively, the “Debtors”),
hereby certifies as follows:
1.
On June 10, 2024, the Motion of Debtors for Entry of Interim and Final Orders
(I) Approving Notification and Hearing Procedures for Certain Transfers of and Declarations of
Worthlessness with Respect to Common Stock and (II) Granting Related Relief [Docket No. 14]
(the “Motion”) was filed with the United States Bankruptcy Court for the District of Delaware
(the “Court”).  Attached thereto as Exhibit B was a proposed form of order granting the relief
requested in the Motion on a final basis (the “Final Order”).
2.
On June 11, 2024, the Court held a hearing to consider the relief requested in the
Motion
on
an
interim
basis
and
subsequently
entered
the
Interim
Order
1
The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495.  A complete list
of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
obtained on the website of the Debtors’ claims and noticing agent at https://omniagentsolutions.com/Vyaire.  The
location of Debtor Vyaire Medical, Inc.’s principal place of business and the Debtors’ service address in these
chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa, Illinois, USA 60045.
Case 24-11217-BLS    Doc 150    Filed 07/05/24    Page 1 of 3

2
(I) Approving Notification and Hearing Procedures for Certain Transfers of and Declarations of
Worthlessness with Respect to Common Stock and (II) Granting Related Relief
[Docket No. 91] (the “Interim Order”).
3.
Pursuant to the Interim Order, a final hearing on the Motion was set to be held on
July 9, 2024, at 10:00 a.m. (prevailing Eastern Time) and any objections or responses to entry of
the Final Order were to be filed and served on the undersigned proposed counsel by July 2, 2024,
at 4:00 p.m. (prevailing Eastern Time) (the “Objection Deadline”), except for the Official
Committee of Unsecured Creditors (the “Committee”), whose deadline was extended to
July 7, 2024.
4.
Prior to the Objection Deadline, the Debtors received information comments to the
Motion and proposed Final Order from the Office of the United States Trustee for the District of
Delaware (the “U.S Trustee”) and counsel to the 1L Ad Hoc Group.
5.
Prior to the Committee’s extended Objection Deadline, the Debtors received
informal comments to the Motion and proposed Final Order from counsel to the Committee.
6.
The Debtors have not received any objections or other informal comments to the
Motion and Final Order.
7.
The Debtors revised the proposed Final Order to address the informal comments
received from the U.S. Trustee, counsel to the 1L Ad Hoc Group, and counsel to the Committee,
and the parties agreed to a revised Final Order, a copy of which is attached hereto as Exhibit 1
(the “Revised Final Order”).
8.
A blackline comparing the Revised Final Order against the Final Order is attached
hereto as Exhibit 2.
Case 24-11217-BLS    Doc 150    Filed 07/05/24    Page 2 of 3

3
9.
The Debtors respectfully request that the Court enter the Revised Final Order at its
earliest convenience.
Dated: July 5, 2024
Wilmington, Delaware
/s/ Patrick J. Reilley
COLE SCHOTZ P.C.
KIRKLAND & ELLIS LLP
Patrick J. Reilley, Esq. (No. 4451)
KIRKLAND & ELLIS INTERNATIONAL LLP
500 Delaware Avenue, Suite 1410
Joshua A. Sussberg, P.C. (admitted pro hac vice)
Wilmington, Delaware 19801
601 Lexington Ave
Telephone:
(302) 652-3131
New York, New York 10022
Facsimile:
(302) 652-3117
Telephone:
(212) 446-4800
Email:
preilley@coleschotz.com
Facsimile:
(212) 446-4900
Email:
joshua.sussberg@kirkland.com
- and -
- and -
Michael D. Sirota, Esq. (admitted pro hac vice)
Warren A. Usatine, Esq (admitted pro hac vice)
Spencer A. Winters, P.C. (admitted pro hac vice)
Court Plaza North, 25 Main Street
Yusuf U. Salloum (admitted pro hac vice)
Hackensack, New Jersey 07601
333 West Wolf Point Plaza
Telephone:
(201) 489-3000
Chicago, Illinois 60654
Facsimile:
(201) 489-1536
Telephone:
(312) 862-2000
Email:
msirota@coleschotz.com
Facsimile:
(312) 862-2200
wusatine@coleschotz.com
Email:
spencer.winters@kirkland.com
yusuf.salloum@kirkland.com
Proposed Co-Counsel to the Debtors
Proposed Co-Counsel to the Debtors
and Debtors in Possession
and Debtors in Possession
Case 24-11217-BLS    Doc 150    Filed 07/05/24    Page 3 of 3

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