UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF …The Official Committee of Unsecured Creditors...
Transcript of UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF …The Official Committee of Unsecured Creditors...
UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE
In re:
FAH LIQUIDATING CORP. (f/k/a FISKER AUTOMOTIVE HOLDINGS,
INC.), et al.,'
Debtors.
) Chapter 11
) Case No. 13-13087 (KG)
Jointly Administered Hearing Date: Not Applicable
Response Deadline: Not Applicable
MOTION TO SHORTEN NOTICE OF THE EMERGENCY MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO
TERMINATE THE DEBTORS' EXCLUSIVITY PERIODS TO PERMIT THE COMMITTEE TO FILE A PLAN OF LIQUIDATION
The Official Committee of Unsecured Creditors (the "Committee") appointed in the
above-captioned cases of FAH Liquidating Corp. (f/k/a Fisker Automotive Holdings, Inc.), et al.
(the "Debtors"), by and through its undersigned counsel, hereby submits this motion (the
"Committee's Motion to Shorten"), pursuant to 11 U.S.C. § 105, Fed, R. Bankr. P. 9006, and
Rule 9006-1(e) of the Local Rules of Bankruptcy Practice and Procedure of the United States
Bankruptcy Court for the District of Delaware (the "Local Rules"), for entry of an order
shortening notice of the Emergency Motion of the Official Committee of Unsecured Creditors to
Terminate the Debtors' Exclusivity Periods to Permit the Committee to File a Plan of
Liquidation (the "Motion to Terminate Exclusivity"), filed contemporaneously herewith, such
that (a) the Motion to Terminate Exclusivity will be considered by the Court at the omnibus
hearing scheduled for May 6, 2014 at 11:00 a.m. (the "Hearing") and (b) objections to the
Motion to Terminate Exclusivity must be filed no later than noon the day before the Hearing. In
support of the Committee's Motion to Shorten, the Committee respectfully states as follows:
The Debtors, together with the last four digits of each Debtor's federal tax identification number, are FAH Liquidating Corp. (f/k/a Fisker Automotive Holdings, Inc.) (9678) and FA Liquidating Corp. (f/k/a Fisker Automotive, Inc.) (9075). The service address for the Debtors is 3080 Airway Avenue, Costa Mesa,
California 92626.
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BACKGROUND
1. Contemporaneously herewith the Committee has filed the Motion to Terminate
Exclusivity, in which the Committee requests the Court terminate the Debtors' exclusivity period
and permit the Committee to file a plan of liquidation.
2. The urgency of this situation is entirely a function of the Debtors' unilateral filing
of the Debtors' Second Amended Joint Plan of Liquidation Pursuant to Chapter 11 of the
Bankruptcy Code [D.I. 8281 (the "Debtors' Plan") on April 30, 2014. As of April 30, 2014, the
Committee and the Hybrid Parties (as defined in the Debtors' Plan) had resolved all of the
remaining disputed between them, and were prepared to agree to a confirmable plan. However,
the Debtors and the Committee had not resolved the disputes between them.
3. Notwithstanding the absence of agreement between the Debtors and the
Committee, the Debtors filed the Debtors' Plan. The Debtors' Plan states that it is a "joint plan"
with the consent of the Committee, but that is not true. Among other issues, the Debtors' Plan
does not reflect the agreements reached between the Committee and the Hybrid Parties, nor does
the Debtors' Plan address the Committee's other valid concerns with certain provisions of the
Debtors' Plan, described more fully in the Motion to Terminate Exclusivity.
4. Also on April 30, 2014, the Debtors filed their Ex Parte Motion of the Debtors for
Entry of an Order (A) Shortening Time for Notice of a Hearing to Consider the Motion of the
Debtors for Entry of an Order Approving the Debtors' Disclosure Statement and Granting
Related Relief (B) Setting Related Dates and Deadlines, and (C) Granting Related Relief,
requesting that the Court shorten notice of the Debtors' motion to approve the disclosure
statement associated with the Debtors' Plan, such that the Debtors' disclosure statement motion
will be heard on May 20, 2014 at 7:30 a.m.
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RELIEF REQUESTED
5. By the Committee's Motion to Shorten, the Committee respectfully requests that
the Court enter an order (a) allowing the Motion to Terminate Exclusivity to be heard at the
Hearing and (b) requiring objections to the Motion to Terminate Exclusivity to be filed no later
than noon the day before the Hearing.
BASIS FOR RELIEF
6. Local Rule 9006-1(c)(i) requires that all motion papers be filed and served at least
eighteen days prior to the proposed hearing, twenty-one days if service is by mail. $ee Del,•
Bankr. L.R. 9006-1(c)(i), Local Rule 9006-1(c)(ii) provides that objections, if any, to such a
motion are to be received at least seven days prior to the proposed hearing date. $ee Del. Bankr.
L.R. 9006-1(c)(ii). Local Rule 9006-1(e), however, provides that a motion may be heard on less
notice than as otherwise required "by order of the Court, on written motion (served on all
interested parties) specifying the exigencies justifying shortened notice." Del. Banta. L.R. 9006-
1(e). Further, 11 U.S.C. § 102(1) provides that the phrase "notice and a hearing" is a flexible
concept meant to take into account the "particular circumstances" of a motion. See 11 U.S.C.
§ 102(1) ('"[A]fter notice and a hearing', or similar phrase . . means after such notice as is
appropriate in the particular circumstances . .").
7. Based on these circumstances, Committee submits that the Committee's Motion
to Shorten should be granted. First, the urgency of this situation is entirely a function of the
Debtors' unilateral filing of the Debtors' Plan on April 30th. Second, granting the Committee's
Motion to Shorten leads to efficiency: It will allow the Court to address in one hearing the
various issues relating to the plan process.
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8. The Committee understands that the Debtors currently intend to use the Hearing
as a status conference regarding the Debtors' Plan. Since the Debtor's proposed plan process
will already be the subject of the Hearing, the Committee submits that it is only natural to
address all issues with the plan process, including the Committee's plan.
9. Finally, the Committee respectfully submits that no party will be prejudiced by
granting the Committee's Motion to Shorten. The principal parties involved in the negotiation of
the plan in these cases—the Debtor, the Committee, and the Hybrid Parties—are sophisticated
entities represented by counsel, and have been deeply involved in negotiations regarding the
plan. Therefore, hearing the Motion to Terminate Exclusivity on May 6, 2014 at 11:00 a.m. with
objections to be filed by May 5, 2014 by noon should be sufficient time for these principal
parties or any another parties in interest to respond and be heard regarding the Motion to
Terminate Exclusivity.
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SAUL EWING LLP
WHEREFORE, the Committee respectfully requests the entry of an order, substantially
in the form attached hereto, allowing the Motion to Terminate Exclusivity to be heard at the
Hearing and requiring objections to the Motion to Terminate Exclusivity to be filed no later than
noon the day before the Hearing.
Dated: May 2, 2014 Wilmington, Delaware
MaZ Minuti (DE Bar No. 2659) Lucian B. Murley (DE Bar No, 4892) 222 Delaware Avenue, Suite 1200 P.O. Box 1266 Wilmington, Delaware 19899 Telephone: (302) 421-6840 Facsimile: (302) 421-5873
- and -
BROWN RUDNICK LLP William R. Baldiga (admitted pro hac vice)
Seven Times Square New York, New York 10036 Telephone: (212) 209-4800 Facsimile: (212) 209-4801
Sunni P. Beville (admitted pro hac vice)
Nicolas M. Dunn (admitted pro hac vice)
One Financial Center Boston, Massachusetts 02111 Telephone: (617) 856-8200 Facsimile: (617) 856-8201
Co-Counsel to the Official Committee of Unsecured Creditors
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UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
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Chapter 11
Case No. 13-13087 (KG)
Jointly Administered
Re: Docket No.
In re:
FAH LIQUIDATING CORP. (f/k/a
FISKER AUTOMOTIVE HOLDINGS,
INC.), et aL
Debtors.
ORDER GRANTING THE MOTION TO SHORTEN NOTICE OF THE
EMERGENCY MOTION OF THE OFFICIAL COMMITTEE OF UNSECURED
CREDITORS TO TERMINATE THE DEBTORS' EXCLUSIVITY PERIODS
TO PERMIT THE COMMITTEE TO FILE A PLAN OF LIQUIDATION
Upon consideration of the motion (the "Committee's Motion to Shorten") 2 to shorten
notice of the Motion to Terminate Exclusivity; and for good cause shown; it is hereby;
ORDERED that the Committee's Motion to Shorten is GRANTED; and it is further
ORDERED that the Motion to Terminate Exclusivity shall be heard at the omnibus
hearing in these cases scheduled for May 6, 2014 at 11:00 a.m. (ET); and it is further
ORDERED that objections, if any, to the relief requested in the Motion to Terminate
Exclusivity shall be filed
Honorable Kevin Gross United States Bankruptcy Judge
Dated: May , 2014
2
The Debtors, together with the last four digits of each Debtor's federal tax identification number, are FAH Liquidating Corp. (f/k/a Fisker Automotive Holdings, Inc.) (9678) and FA Liquidating Corp. (f/k/a Fisker Automotive, Inc.) (9075). The service address for the Debtors is 3080 Airway Avenue, Costa Mesa,
California 92626. Unless otherwise defined herein, all capitalized terms shall have the same meaning as that ascribed to them
as in the Committee's Motion to Shorten.
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UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
Chapter 11
Case No. 13-13087 (KG)
Jointly Administered
In re: )
)
FAH LIQUIDATING CORP. (f/k/a )
HSKER AUTOMOTIVE HOLDINGS, )
INC,), et a/. , )
)
Debtors. )
)
CERTIFICATE OF SERVICE
I, Lucian B. Murley, hereby certify that on May 2, 2014, I caused a copy of the Motion
to Shorten Notice of the Emergency Motion of the Official Committee of Unsecured
Creditors to Terminate the Debtors' Exclusivity Periods to Permit the Committee to File A
Plan of Liquidation to be served on the parties on the attached service list in the manner
indicated therein.
SAUL EWING LLP
By:
Lucian B. Murley (No. 4892)
222 Delaware Avenue, Suite 1200
P. 0. Box 1266 Wilmington, DE 19899
(302) 421-6800
Dated: May 2, 2014
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FAH LIQUIDATING CORP. (f/k/a FISICER AUTOMOTIVE HOLDINGS, INC.), et al.
Service List
Via Electronic Mail and
Hand Delivery: Laura Davis Jones, Esquire James E. O'Neill, Esquire
Peter J. Keane, Esquire
Pachulski Stang Ziehl & Jones
919 North Market Street, 17th Floor
P.O. Box 8705 Wilmington, DE 19899-8705
Mark Kenney, Esquire Office of the United States Trustee
J. Caleb Boggs Federal Building
844 King Street, Suite 2207
Wilmington, DE 19801
Richard A. Barkasy, Esquire
Schnader Harrison Segal & Lewis LLP
824 N. Market Street, Suite 800
Wilmington, DE 19801
Fred W. Hoensch, Esquire Schnader Harrison Segal & Lewis LLP
824 N. Market Street, Suite 800
Wilmington, DE 19801
Robert S. Brady, Esquire
Edmon L. Morton, Esquire Young Conaway Stargatt & Taylor LLP
1000 N. King Street Wilmington, DE 19801
Theresa V. Brown-Edwards, Esquire
Darby I Brown—Edwards LLC
LM. Pei Building 1105 N. Market Street, Suite 1600
Wilmington, DE 19801
Michael R. Lastowski, Esquire
Sommer L. Ross, Esquire
Janet P. Hitchings, Esquire Duane Morris LLP 222 Delaware Avenue, Suite 1600
Wilmington, DE 19801-1659
Via Electronic Mail and
First Class Mail: James H.M. Sprayregen, P.C.
Anup Sathy, P.C. Ryan Preston Dahl, Esquire
Kirkland & Ellis LLP
300 North LaSalle
Chicago, IL 60654
Tobias S. Keller, Esquire Peter Benvenutti, Esquire
Keller & Benvenutti LLP
One Montgomery Tower, Suite 2200
San Francisco, CA 94101
Susheel Kirpalani, Esquire
James C. Tecce, Esquire
Matthew Scheck, Esquire
William Pugh, Esquire Quinn Emanuel Urquhart & Sullivan LLP
51 Madison Avenue, 22nd Floor
New York, NY 10010
Bojan Guzina, Esquire
Sidley Austin LLP One South Dearborn Street
Chicago, IL 60603
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Via First Class Mail: Stanley B. Tarr, Esquire
Blank Rome LLP 1201 Market Street, Suite 800
Wilmington, DE 19081
Ricardo Palacio, Esquire Aaron H. Stulman, Esquire
Ashby & Geddes, P.A.
500 Delaware Avenue, 8th Floor
P.O. Box 1150
Wilmington, DE 19899-1150
Mary F. Caloway, Esquire
Buchanan Ingersoll & Rooney PC
1105 North Market Street, Suite 1900
Wilmington, DE 19801
Frederick Rosner, Esquire
Julia Klein, Esquire
The Rosner Law Group, LLC 824 N. Market Street, Suite 810
Wilmington, DE 19801
Kevin G. Collins, Esquire
Barnes & Thornburg LLP 1000 N. West Street, Suite 1500
Wilmington, DE 19801-1058
Etta R. Mayers, Esquire Potter Anderson & Corroon LLP
Hercules Plaza, 6th Floor
1313 N. Market Street
P.O. Box 951 Wilmington, DE 19801
Adam Hiller, Esquire
Brian Arban, Esquire 1500 North French Street, 2nd FLoor
Wilmington, DE 19801
Seth A. Niederman, Esquire
L. John Bird, Esquire
Fox Rothschild LLP 919 N. Market Street, Suite 1300
P.O. Box 2323 Wilmington, DE 19899-2323
Rachel B. Mersky, Esquire
Monzack Mersky McLaughlin and
Browder, P.A. 1201 N. Orange Street, Suite 400
Wilmington, DE 19801
Norman M. Monhait, Esquire
Rosenthal, Monhait & Goddess, PA
919 Market Street, Suite 1401
Citizens Bank Center
P.O. Box 1070 Wilmington, DE 19899
Kerni K. Mumford, Esquire
Kimberly A. Brown, Esquire
Landis Rath & Cobb LLP 919 Market Street, Suite 1800
Wilmington, DE 19801
Jamie L. Edmonson, Esquire
Venable LLP 1201 N. Market Street, Suite 1400
Wilmington, DE 19801
Jami B. Nimeroff, Esquire Brown Wynn McGarry Nimeroff LLC
901 N. Market Street, Suite 1300
Wilmington, DE 19801
Ellen W. Slights, Esquire United States Attorney's Office
District of Delaware 1007 N. Orange Street, Suite 700
P.O. Box 2046 Wilmington, DE 19899-2046
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Marc M. Bakst, Esquire
Bodman LLP
6th Floor at Ford Field
1901 St. Antoine Street
Detroit, MI 48226
Donald K. Ludman, Esquire
Brown & Connery, LLP 6 North Broad Street, Suite 100
Woodbury, NY 08096
Peter A. Clark, Esquire
Timothy S. McFadden, Esquire
Barnes & Thornburg LLP
1 North Wacker Drive, Suite 4400
Chicago, IL 60606
Joseph R. Sgroi, Esquire Honigman Miller Schwartz and
Cohn LLP 660 Woodward Avenue 2290 First National Building
Detroit, MI 48226
Robert M. Riley, Esquire Honigman Miller Schwartz and
Cohn LLP 660 Woodward Avenue
2290 First National Building
Detroit, MI 48226
Sheryl L. Toby, Esquire
Dykema Gossett PLLC 39577 Woodward Avenue, Suite 300
Bloomfield Hills, MI 48304
Marc E. Richards, Esquire
Blank Rome LLP The Chrysler Building
405 Lexington Avenue
New York, NY 10174-0208
Douglas C. Bernstein, Esquire
Plunkett Cooney, P.C. 38505 Woodward Avenue, Suite 2000
Bloomfield Hills, MI 48304
Fred Neufeld, Esquire Stradling Yocca Carlson & Rauth, P.C.
100 Wilshire Blvd., 4th Floor
Santa Monica, CA 90401
Lisa S. Gretchko, Esquire
Howard & Howard 450 West Fourth Street
Royal Oak, MI 48067
James Stewart, Esquire
Peter Gojcaj, Esquire Kotz Sangster Wysocki P.C. 400 Renaissance Center, Suite 3400
Detroit, MI 48243
Stanley H. McGuffin, Esquire
Haynsworth Sinkler Boyd, P.A.
Post Office Box 11889
Columbia, SC 29211
Thomas M. Gaa, Esquire
Bialson, Bergen & Schwab, P.C.
2600 El Camino Real, Suite 300
Palo Alto, CA 94306
Jack A. Raisner, Esquire
Rene S. Roupinian, Esquire
Outten & Golden LLP
3 Park Avenue, 29th Floor
New York, NY 10016
Linda Boyle, Esquire
tw telecom inc. 10475 Park Meadows Drive, #400
Littleton, CO 80124
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Thomas P. Sarb, Esquire
Miller Johnson 250 Monroe Avenue NW, Suite 800
P.O. Box 306 Grand Rapids, MI 49501-0306
Robert D. Wolford, Esquire
Miller Johnson 250 Monroe Avenue NW, Suite 800
P.O. Box 306 Grand Rapids, MI 49501-0306
Brian G. Rich, Esquire
Berger Singerman LLP 125 South Gadsden Street Suite 300
Tallahassee, FL 32301
Paul J. Laurin, Esquire
Barnes & Thornburg LLP 2029 Century Park East, Suite 300
Los Angeles, CA 90067
Stacy L. Foster, Esquire
Barnes & Thornburg LLP 2029 Century Park East, Suite 300
Los Angeles, CA 90067
Laurie Rau, Esquire
Chavos and Rau, a PLC 3 MacArthur Place, Suite 150
Santa Ana, CA 92707
Stuart J. Glick, Esquire Jennifer A. Christian, Esquire
Thompson & Knight LLP
900 Third Avenue, 20th Floor
New York, NY 10022
Samuel C. Wisotzkey, Esquire
Kohner, Mann & Kailas, S.C.
Washington Building Barnabas Business Center
4650 North Port Washington Road
Milwaukee, WI 53212-1059
Russell J. Passamano, Esquire
DeCotiis, FitzPatrick & Cole, LLP
Glenpointe Centre West 500 Frank W. Burr Blvd., Suite 31
Teaneck, NJ 07666
Ira M. Levee, Esquire
Michael S. Etkin, Esquire
Lowenstein Sandler LLP
65 Livingston Avenue
Roseland, NJ 07068
Ira M. Levee, Esquire
Lowenstein Sandler LLP
65 Livingston Avenue
Roseland, NJ 07068
Kurt B. Olsen, Esquire
Klafter Olsen & Lesser LLP
1250 Connecticut Avenue, N.W.
Suite 200 Washington, DC 20036
Todd S. Collins, Esquire
Douglas M. Risen, Esquire
Berger & Montague, PC
1622 Locust Street Philadelphia, PA 19103
Daniel W. Linna, Jr., Esquire Honigman Miller Schwartz and Cohn LLP
2290 First National Building
660 Woodward Avenue
Detroit, MI 48226-3506
Andrew J. Currie, Esquire
Kendall A. Camuti, Esquire
Venable LLP 750 East Pratt Street, Suite 900
Baltimore, MD 21202
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Tennessee Department of Revenue c/o TN Attorney General's Office Bankruptcy Division PO Box 20207 Nashville, TN 37202-0207
My Chi To, Esquire Mark D. Wasco, Esquire Debevoise & Plimpton LLP 919 Third Avenue New York, NY 10022
Silicon Valley Bank Attn: Mr. Robert Anderson 38 Technology Drive, Suite 150
Irvine, CA 92618
Midland Loan Services, Inc. Attn: General Counsel 10851 Mastin, Suite 700 Overland Park, KS 66210
United States Department of Energy
Attn: Director Advanced Technology Vehicles Manufacturing CF-1.4 1000 Independence Avenue, SW Washington, DC 20585
United States Department of Energy Office of the General Counsel GC-1 1000 Independence Avenue, SW Washington, DC 20585
United States Department of Justice Attn: Matthew J. Troy, Esquire
Civil Division 1100 L Street, N.W., #10030 Washington, DC 20005
PNC (d/b/a Midland Loan Services, Inc.)
Attn: President 10851 Mastin, Suite 700 Overland Park, KS 66210
PNC (d/b/a Midland) c/o Corporation Service Company 2711 Centerville Road, Suite 400 Wilmington, DE 19899
Internal Revenue Service P.O. Box 7346 Philadelphia, PA 19101-7346
Internal Revenue Service 2970 Market Street Mail Stop 5-Q30.133 Philadelphia, PA 19104-5016
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