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Vyaire - Notice of Entry of Interim Order and Final Hearing re NOL

Date
2024-06-10

Summary

A notice filed June 11, 2024 as Doc 100 in the jointly administered Chapter 11 cases of Vyaire Medical, Inc., et al., Case No. 24-11217 (BLS), in the U.S. Bankruptcy Court for the District of Delaware. It gives notice that the debtors filed a motion on June 10, 2024 for approval of notification and hearing procedures for certain transfers of, and declarations of worthlessness with respect to, common stock [Docket No. 14], and that the court entered an interim order on that motion on June 11, 2024 [Docket No. 91]. The notice sets a final hearing for July 9, 2024 before Judge Brendan L. Shannon and an objection deadline of July 2, 2024, and lists the parties to be served with any objection. The three-page notice is signed by proposed co-counsel to the debtors from Cole Schotz P.C. and Kirkland & Ellis LLP.

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Full text

                  Case 24-11217-BLS              Doc 100       Filed 06/11/24         Page 1 of 3




             GOING TO SEND YOU 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

                       NOTICE OF ENTRY OF INTERIM
                ORDER AND FINAL HEARING WITH RESPECT TO
            MOTION OF DEBTORS FOR ENTRY OF INTERIM AND FINAL
       ORDERS (I) APPROVING NOTIFICATION AND HEARING PROCEDURES
       FOR CERTAIN TRANSFERS AND DECLARATIONS OF WORTHLESSNESS
     WITH RESPECT TO COMMON STOCK AND (II) GRANTING RELATED RELIEF

       PLEASE TAKE NOTICE that, on June 10, 2024, the above-captioned debtors and
debtors in possession (the “Debtors”) filed 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”).

        PLEASE TAKE FURTHER NOTICE that, on June 11, 2024, the United States
Bankruptcy Court for the District of Delaware (the “Court”) entered the Interim Order
(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”).

        PLEASE TAKE FURTHER NOTICE that a copy of the Motion and Interim Order are
being served with this Notice. A copy of the Motion and Interim Order are also available on
(i) the Court’s website: www.deb.uscourts.gov and (ii) the website maintained by the Debtors’
Claims and Noticing Agent, Omni Agent Solutions, Inc.: https://omniagentsolutions.com/Vyaire.




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’ proposed 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 100     Filed 06/11/24    Page 2 of 3




       PLEASE TAKE FURTHER NOTICE that a final hearing on the Motion will be held on
July 9, 2024, at 10:00 a.m. (prevailing Eastern Time) before The Honorable Brendan L.
Shannon, United States Bankruptcy Court for the District of Delaware, 6th Floor,
Courtroom No. 1, 824 North Market Street, Wilmington, Delaware 19801.

        PLEASE TAKE FURTHER NOTICE that objections, if any, to the Motion and the entry
of a final order approving the Motion must be filed on or before July 2, 2024, at 4:00 p.m.
(prevailing Eastern Time) (the “Objection Deadline”) with the United States Bankruptcy Court
for the District of Delaware, 3rd Floor, 824 North Market Street, Wilmington, Delaware 19801
and served upon the following parties so as to be actually received by the Objection Deadline:
(a) the Debtors, 26125 North Riverwoods Boulevard, Mettawa, Illinois, USA 60045, Attn.:
Charles Braley (cbraley@alixpartners.com); (b) proposed co-counsel to the Debtors (i) Kirkland
& Ellis LLP, 601 Lexington Avenue, New York, New York 10022, Attn.: Joshua A. Sussberg,
P.C. (joshua.sussberg@kirkland.com), Chris Ceresa (chris.ceresa@kirkland.com), and Tiffani
Chanroo (tiffani.chanroo@kirkland.com), (ii) Kirkland & Ellis LLP, 333 West Wolf Point Plaza,
Chicago, Illinois, 60654, Attn.: Spencer A. Winters (spencer.winters@kirkland.com) and Yusuf
U. Salloum (yusuf.salloum@kirkland.com), (iii) Cole Schotz P.C., 500 Delaware Avenue, Suite
1410, Wilmington, Delaware 19801, Attn.: Patrick J. Reilley, Esq. (preilley@coleschotz.com),
Stacy L. Newman (snewman@coleschotz.com), Michael E. Fitzpatrick, Esq.
(mfitzpatrick@coleschotz.com), and Jack M. Dougherty, Esq. (jdougherty@coleschotz.com), and
(iv) Cole Schotz P.C., Court Plaza North, 25 Main Street, Hackensack, New Jersey 07601, Attn.:
Michael D. Sirota, Esq. (msirota@coleschotz.com) and Warren A. Usatine, Esq.
(wusatine@coleschotz.com);        (c)    counsel    to     the    1L    Ad     Hoc     Group,
(i) Gibson, Dunn & Crutcher LLP, 200 Park Avenue, New York, NY 10166-0193, Attn.: Scott J.
Greenberg          (SGreenberg@gibsondunn.com),           Jason       Zachary        Goldstein
(JGoldstein@gibsondunn.com), Joshua Brody (JBrody@gibsondunn.com), and Kevin Liang
(KLiang@gibsondunn.com) and (ii) Pachulski Stang Ziehl & Jones LLP, 919 North Market Street,
17th Floor, Wilmington, DE 19801, Attn.: Laura Davis Jones (ljones@pszjlaw.com);
(d) the United States Trustee, 844 King Street, Suite 2207, Lockbox 35, Wilmington, Delaware
19801, Attn.: Benjamin A. Hackman (Benjamin.A.Hackman@usdoj.gov); and (e) any statutory
committee appointed in these chapter 11 cases.

     PLEASE TAKE FURTHER NOTICE THAT IF YOU FAIL TO RESPOND IN
ACCORDANCE WITH THIS NOTICE, THE COURT MAY GRANT THE RELIEF
REQUESTED AND ENTER A FINAL ORDER WITHOUT FURTHER NOTICE OR
HEARING.

                         [Remainder of Page Intentionally Left Blank]




                                              2
                        Case 24-11217-BLS          Doc 100    Filed 06/11/24     Page 3 of 3



Dated: June 11, 2024
Wilmington, Delaware

 /s/ Patrick J. Reilley
  COLE SCHOTZ P.C.                                           KIRKLAND & ELLIS LLP
  Patrick J. Reilley, Esq. (DE Bar 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




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