March 23, 2021
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Public Notice of Secured Party Sale

Foley & Lardner announces that NEBARI NATURAL RESOURCES CREDIT FUND I, LP is selling all of the New York Limited Liability Company Membership Interests of SRG Horseblock IV LLC; SRG Horseblock II LLC; SGD Group Holdings III LLC; and SGD Group Holdings II LLC, which are New York LLCs owning real property located in Suffolk Cty, NY. Auction to be held on April 12th.

See the full public notice here.
 

Public Notice of Article 9 Sale of 100% of the Membership Interests of YC FERNLEY HOTEL, LLC

Burr & Forman LLP, counsel for the secured party, announces an April 6th bid deadline to qualify to bid.

More information on DailyDAC here.
 

Corporate Counsel Represents One Party, and One Party Only

What exactly does it mean when a company’s attorneys represent the company, not the company’s executives? Suppose an executive consults with company attorneys to determine if the company’s course of action is legally permissible. Months after receiving the legal advice, the company files for bankruptcy. The executive is also criminally prosecuted over the very actions for which he consulted counsel. The executive wants to defend himself by arguing that the lawyers told him it was okay. However, the new bankruptcy trustee objects and directs the executive not to divulge the company’s attorney-client privilege. Can the executive exert control over corporate attorney-client privilege and assert the defense? To find out, read “Can an Executive Exert Control of Corporate Attorney-Client Privilege?” by Russel Silberglied, director of Richards, Layton & Finger, P.A.
 
Latest Deals Added to the Opportunistic Deal Database
The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so you can easily find these deals on our website by searching for this number.

Secured Party Sales

  1. Membership interests - financial holding company - (27892)
  2. 2,400 sq. ft. former convenience store - (27915)
  3. Four branded fast food restaurants - (27913)
  4. Trucks & industrial equipment - (27911)
  5. Four real properties - (27912)

Private Company Sales

  1. Cremation Facility (w/warehouse & equipment) - (27894)
  2. Heavy equipment rental/general contractor - (27896)
  3. Watercraft manufacturing plant (w/Patent) - (27897)
  4. Microbreweries (w/Type 47 & 75 licenses) - (27893)
  5. Cannabis testing laboratory - (27895)

Assignment for the Benefit of Creditors Sales

  1. Industrial roofing supplier - (27918)
  2. Import/export business - (27917)
  3. Automotive dealer - (27916)

Chapter 11 - 363 Sales

  1. Land for development - 75.54+/- Acres - (27943)
  2. Office furniture (w/real estate) - (27940)
  3. 3 farms - 375 acres - 34 tracts - (27941)
  4. Electronic test equipment - (27942)
  5. Oil & gas producer - (27939)

Chapter 11 - Investment Banker Application Filed

  1. Deepwater drilling contractor - (27926)
  2. Flexible workspace platform - (27925)
  3. Radio broadcasting company - (27924)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Electrical generation & transmission cooperative - (27928)
  2. Plastics recycling services business - (27927)
  3. Energy services holding company - (27929)

Chapter 7 - Sale of Business Assets

  1. Transportation vehicles & trailers - Multiple lots - (27891)
  2. Commercial goods & transportation equipment - (27890)
  3. Equipment & dance studio inventory - (27937)
  4. Antiques, coins & collectibles - (27938)
  5. Business ownership interests - (27935)

Chapter 12 Bankruptcy

  1. No new deals added this week.

Rating Agency Alerts/Other Signs of Distress

  1. Artifact recovery business - (27898)
  2. TV & film production co. - (27902)
  3. Biotechnology company - (27901)
  4. Marketing agency - (27899)
  5. Gas producer - (27900)

Auctions

  1. Large cabinet manufacturing equipment auction - (27944)
  2. Industrial equipment & tools - Multiple lots - (27946)
  3. Tooling & industrial supplies - (27949)
  4. 43,756+/- sf office building - (27947)
  5. Aerostructures manufacturer - (27948)

Other Interesting Sales

  1. Farmland in two tracts - 170 acres - (27907)
  2. Commercial land - 895.1 acres - (27909)
  3. Recreational land - 39 acres - (27908)
  4. Farmland - 197.4 acres - (27910)
  5. Farmland - 250 acres - (27906)

Bulk Sales

  1. Full-service haircare franchise - (27922)
  2. Packaging & shipping business - (27920)
  3. Automotive repair business - (27923)
  4. Gasoline service station - (27921)
  5. Raw chocolate producer - (27919)

Receiverships

  1. 3,620 sq. ft. vacant office building - (27932)
  2. 5 unit apartment building - (27933)
  3. Pooled investment fund - (27934)
  4. Real estate developer - (27930)
  5. Investment company - (27931)

Mass/Significant Layoffs

  1. Institutional catering servicer - (27950)
  2. Commercial real estate agency - (27953)
  3. Drilling contracting company - (27952)
  4. Dining services contractor - (27951)
  5. Hotel & casino - (27954)

Plant/Facility Closings

  1. Life insurance & annuity company - (27958)
  2. Automotive services club - (27956)
  3. Managed care company - (27957)
  4. Grocery store chain - (27955)
  5. Ammunition supplier - (27959)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]