LSC Communications, Inc.
| New York Southern Bankruptcy Court | |
| Chapter 11 | |
| Judge: | Philip Bentley |
| Case #: | 1:20-bk-10950 |
| Case Filed: | Apr 13, 2020 |
| Terminated: | Dec 06, 2023 |
| Plan Confirmed: | Feb 24, 2021 |
| Type | Corporation |
| Tax ID | subscribers only |
| # of Creditors | 1-49 |
| Est. Assets | $1,000,000,001 to $10 billion |
| Est. Liabilities | $1,000,000,001 to $10 billion |
| Nature of Business | Other |
| Nature of Debts | Primarily Business |
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Debtor
LSC Communications, Inc.
191 N Wacker Dr Ste 1400
Chicago, IL 60606-1921 |
Represented By
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| Last checked: never |
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U.S. Trustee
United States Trustee
Office of the United States Trustee U.S. Federal Office Building 201 Varick Street, Room 1006
New York, NY 10014 |
GPO
Jul 09 2021
OPINION AND ORDER: In sum, Bankruptcy Court erred by analyzing whether the six employees were statutory officers largely under a functional "control" test, instead of giving the considerable weight due to the employees' board appointment and resulting officer status under Delaware law. Since the employees are officers under the Bankruptcy Code, they are statutory insiders ineligible to receive KERP payments. For the foregoing reasons, the Bankruptcy Court's order approving the KERP is reversed as to the six employees at issue. The Clerk of Court is directed to close the case. SO ORDERED.(Signed by S.D.N.Y. Judge J. Paul Oetken on 7/9/2021) (Martinez, Adelaida) |
| 1. | LSC Communications Files for Chapter 11 and Raises $100M in Liquid Capital (foliomag.com) |
| Submitted Mon 04/13/2020 | |
| Docket last updated: 42 minutes ago |
| Thursday, December 28, 2023 | ||
| 1632 | 1632
misc
Affidavit of Service
Thu 12/28 8:07 PM
Affidavit of Service of Zen Ahmed Regarding Notice of Cancellation of Hearing filed by Kroll Restructuring Administration LLC.(Malo, David) |
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