PES Holdings, LLC, along with seven of its affiliates, has filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11626). The filing comes approximately one and half years after the Debtors previous filed under chapter 11 (Lead Case No. 18-10122). The Debtors report an estimated $1B-10B in both assets and liabilities. The Debtors have proposed Omni to serve as the claims agent. The cases have been assigned to the Honorable Kevin Gross.
For more information regarding this matter, please contact Norman L. Pernick or G. David Dean.