KCC's Corporate Restructuring Court Documents Search provides access to thousands of historical court documents located on KCC public access websites. Please use the form below to refine and maximize search results.
For information about the data provided, please review the Disclaimer statement.
Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website. KCC does not undertake any obligation to update, modify, revise or reorganize the information provided herein, or to notify you or any third party should the information be updated, modified, revised or reorganized. In no event shall KCC be liable to you or any third party for any direct, indirect, incidental, consequential or special damages (including, but not limited to, damages arising from the disallowance of a potential claim against a client of KCC or damages to business reputation, lost business or lost profits), whether foreseeable or unforeseeable and however caused, even if KCC is advised of the possibility of such damages. KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.
Please review KCC's Terms of Use and Privacy Statement for additional information regarding the data maintained on this website. By using this site, you consent to the terms of KCC's Terms of Use and Privacy Statement regarding the use and processing of personal information, and any and all other terms that may be set forth on this site concerning the collection of personal information. If you do not agree to these terms, you should not use this site. You further agree that by utilizing this site, your rights and obligations, as well as the rights and obligations of KCC, shall be governed, at KCC's sole discretion, by the laws of the State of California.
Electronic mail or other communications through this website or otherwise to KCC or any party in connection with any matter will not be treated as privileged or confidential. KCC does not endorse or warrant and is not responsible for any third-party content that may be accessed from this website.
On February 13, 2020, The McClatchy Company, et al. (collectively, the "Debtors”) filed voluntary petitions (collectively, the “Bankruptcy Cases”) for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”).
The questions and answers that follow provide general information concerning the Bankruptcy Cases, the Official Committee of Unsecured Creditors of The McClatchy Company, et al. (the “Committee”), and various topics related to the Bankruptcy Cases and the Committee.
Pursuant to the Bankruptcy Code, the United States Trustee (the “US Trustee”) is authorized to appoint a committee of creditors holding unsecured claims as soon as practicable after the filing of a case. Generally, a creditors’ committee is a group of general unsecured creditors appointed to represent, in a fiduciary capacity, the interests of all general unsecured creditors. In such role, creditors’ committees act to protect and promote the interests of general unsecured creditors by, among other things, monitoring a debtor’s business operations, investigating its business and financial affairs, and negotiating the terms of a plan of reorganization. The overarching goal of a creditors’ committee is to maximize value for general unsecured creditors.
In accordance with this authority, on February 26, 2020, the US Trustee appointed the Committee [Docket No. 114].
Pursuant to the Bankruptcy Code, the Committee may: (1) consult with the Debtors concerning the administration of the Bankruptcy Cases; (2) investigate the acts, conduct, assets, liabilities, and financial condition of the Debtors, the operation of the Debtors' business and the desirability of the continuance of such business, and any other matter relevant to the case or to the formulation of a plan; (3) participate in the formulation of a plan, advise those represented by the Committee of its determinations as to any plan formulated, and collect and file with the court acceptances or rejections of a plan; (4) request the appointment of a trustee of examiner under section 1104 of the Bankruptcy Code; and (5) perform such other services as are in the interest of those represented.
• Dow Jones & Company, Inc.
• Lorianne E. Sawin
• P. Anthony Ridder
• Pension Benefit Guaranty Corporation
• The News Guild-CWA
• Wilmington Savings Fund Society, FSB
• Wipro Limited
The Committee has selected Stroock & Stroock & Lavan LLP to serve as its bankruptcy counsel. The Committee also selected Berkeley Research Group, LLC to serve as financial advisor, Dundon Advisers LLC as co-financial advisor, and Moelis & Company LLC as Investment Banker (see, [Docket No. 247], [Docket No. 248], [Docket No. 249], [Docket No. 278] ).
The United States Trustee Program is a component of the Department of Justice responsible for overseeing the administration of bankruptcy cases. For further details on the United States Trustee’s role, please visit the website of the United States Trustee at https://www.justice.gov/ust-regions-r02.
No. The Committee represents the interests of all unsecured creditors through oversight of and negotiations with the Debtors. Neither the Committee nor its counsel represents individual creditors that may have claims in the Bankruptcy Cases.
The general deadline (also known as the “General Claims Bar Date”) to file proofs of claim is July 10, 2020, pursuant to the Order Establishing Bar Dates. Click here for a link to file an electronic proof of claim on the Debtors' claims agent website.
If you believe that you or an entity you represent has a claim arising prior to February 13, 2020 against the Debtor(s), you may wish to file a proof of claim to protect your rights. You should consult your own counsel in deciding whether to file any proofs of claim in the Bankruptcy Cases.
On August 21, 2020, the Debtors filed the Joint Chapter 11 Plan of Distribution of the McClatchy Company and its Affiliated Debtors and Debtors in Possession [Docket No. 780] and the Supplemental Disclosure Statement with Respect to the Joint Chapter 11 Plan of Distribution of The McClatchy Company and its Affiliated Debtors and Debtors in Possession [Docket No. 781]. The hearing to approve the Disclosure Statement has been set for September 23, 2020, at 11:00 a.m. Eastern Time (see the Combined DS and Confirmation Hearing [Docket No. 786]).
There is no specific time estimate for the Bankruptcy Cases. Bankruptcy cases such as these can take many months (and in some cases years) to complete.
