Casa Systems, Inc.

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  1. June 04, 2024

    Casa Systems Gets OK On $45.1M Cable Sale, Ch. 11 Plan

    A Delaware bankruptcy judge on Tuesday approved communications equipment company Casa Systems Inc.'s $45.1 million sale of its cable assets and Chapter 11 plan, enabling the debtor to complete a wind-down process and end its bankruptcy case.

  2. May 13, 2024

    Giuliani Gag Suit, FTX To Pay Up, Victims Seek Sanctions

    Poll workers asked a bankruptcy court to bar Rudy Giuliani from making future defamatory statements like the ones that led to a $148 million judgment against him, while FTX said it plans to repay all customers in full in its proposed Chapter 11, and abuse claimants against the Roman Catholic Diocese of Syracuse are requesting sanctions for insurers that shared sensitive claims data.

  3. May 10, 2024

    Casa Systems Strikes Deal For Ch. 11 Cash Collateral

    Casa Systems Inc. said Friday it was ready to submit a cash collateral order for the Delaware bankruptcy court's approval, after the debtor, its unsecured creditors committee and an ad hoc group of secured lenders reached a settlement to use that cash under terms acceptable to all three parties.

  4. May 03, 2024

    Casa Systems Urged To Solve Ch. 11 Cash Use Or Face Ch. 7

    A Delaware bankruptcy judge on Friday told Casa Systems Inc. and its secured lenders to make progress on a final cash collateral order, or the telecommunications company would be facing conversion of its Chapter 11 case to a Chapter 7 proceeding.

  5. May 02, 2024

    Casa Starts Ch. 11 Cable Sale Process With $20M Floor Bid

    Bankrupt telecommunications company Casa Systems Inc. received approval Thursday from a Delaware judge to move forward with a Chapter 11 sale process for its cable assets starting with a $20 million stalking horse bid.

  6. April 29, 2024

    ABI's New Prez, Scammers Charged, Giuliani To Appeal

    The American Bankruptcy Institute named Polsinelli attorney Christopher A. Ward as its new president, the Office of the United States Trustee charged two with fraud for petition preparation services, and Rudy Giuliani asked a New York judge for permission to appeal his $148 million defamation verdict to the D.C. Circuit.

  7. April 26, 2024

    Casa Gets OK For $32.25M Telecom Asset Sale To Fund Ch. 11

    A Delaware bankruptcy judge said Friday that she would approve the $32.25 million sale of Casa Systems Inc.'s cloud and radio access network unit after an auction more than doubled the winner's initial offer for the assets, despite concerns about how the process played out.

  8. April 19, 2024

    Casa Systems Won't Take $18M Rival Bid For Telecom Assets

    Troubled communications equipment supplier Casa Systems told a Delaware bankruptcy judge Friday it received a new offer for its cloud and radio access network unit that would fetch more cash than a previously proposed transaction, but insisted on skipping a Chapter 11 auction, arguing the existing bidder brings less closing risks.

  9. April 08, 2024

    WeWork Saves $8B, Do Kwon Found Liable, WOM CEO Leaves

    One of the busiest weeks for new bankruptcies this year also featured notable developments in ongoing cases. Terraform Labs and its creator Do Kwon were found liable for securities fraud, WeWork announced it expects to save $8 billion by restructuring hundreds of leases, and a New York bankruptcy judge said he would take under advisement a decision about a sale of Rudy Giuliani's Florida condo.

  10. April 05, 2024

    Casa Systems Can Tap Lender Cash To Complete Ch. 11 Sale

    Communications equipment provider Casa Systems received the Delaware bankruptcy court's permission Friday to use lender cash to fund its Chapter 11 bankruptcy, as the debtor pushes for a quick sale of its cloud and radio access network business.