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1. • • As his Here Lies Love played its last week of performances on Broadway, producer Hal Luftig scored a significant victory in court. The Bankruptcy Court of the Southern District of New York recommended confirming the reorganization plan for Hal Luftig Company, Inc.
     www.broadwayworld.com/article/Bankruptcy-Court-Recommends-Approving-Hal-Luftig-Company-Reorg-Plan-With-Caveats-20231127

     Bankruptcy Court Recommends Approving Hal Luftig Company ...

2. People also ask

   Did Hal Luftig win a reorganization plan?

   • As his Here Lies Love played its last performances on Broadway, producer Hal Luftig scored a significant victory in court. The Bankruptcy Court of the Southern District of New York recommended confirming the reorganization plan for Hal Luftig Company, Inc. (the "Company" for short).

   Bankruptcy Court Recommends Approving Hal Luftig Company Reorg P…

   www.broadwayworld.com/article/Bankruptcy-Court-Recommends-Approving-Hal-Luftig-Company-Reorg-Plan-With-Caveats-20231127

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   Why did FCP oppose Luftig?

   • FCP objected to the plan. FCP argued the filing was an abuse of the system and approving the release would allow Luftig to escape millions in liability.

   Bankruptcy Court Recommends Approving Hal Luftig Company Reorg P…

   www.broadwayworld.com/article/Bankruptcy-Court-Recommends-Approving-Hal-Luftig-Company-Reorg-Plan-With-Caveats-20231127

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   How long is a small business reorganization opinion?

   • Many small business reorganizations are simple and conclude with a brief opinion. The opinion issued in this case was 65 pages and didn’t even render a final decision confirming the plan of reorganization. Why? The FCP judgment.

   Bankruptcy Court Recommends Approving Hal Luftig Company Reorg P…

   www.broadwayworld.com/article/Bankruptcy-Court-Recommends-Approving-Hal-Luftig-Company-Reorg-Plan-With-Caveats-20231127

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   Could FCP still go after Luftig?

   • The FCP judgment. Under the reorganization plan, the Company’s expert projected FCP would receive $1,022,500, or approximately a 36% recovery, in installment payments spread out over five years. If the reorganization plan didn’t say anything with regard to Luftig individually, FCP could then still go after Luftig for its money.

   Bankruptcy Court Recommends Approving Hal Luftig Company Reorg P…

   www.broadwayworld.com/article/Bankruptcy-Court-Recommends-Approving-Hal-Luftig-Company-Reorg-Plan-With-Caveats-20231127

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   Can Luftig release FCP claims?

   • But the Court found the release of the FCP claims against Luftig played “an important part in the debtor’s reorganization plan,” giving it the power to release the claims, even over these objections. (The Court's opinion relied heavily on an appellate decision that will be before the Supreme Court next year, but currently remains good law.)

   Bankruptcy Court Recommends Approving Hal Luftig Company Reorg P…

   www.broadwayworld.com/article/Bankruptcy-Court-Recommends-Approving-Hal-Luftig-Company-Reorg-Plan-With-Caveats-20231127

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3. www.nysb.uscourts.gov › content › re-22-11617-jpmIn Re: 22-11617-jpm Hal Luftig Company, Inc. | Southern ...

   www.nysb.uscourts.gov › content › re-22-11617-jpm

   • Cached

   In Re: 22-11617-jpm Hal Luftig Company, Inc. Memorandum Opinion And Order signed on 11/22/2023 On Confirmation Of Small Business Plan Of Reorganization Under Chapter 11. (related document(s) 55 , 90 , 63 , 85 , 84 )

4. www.pacermonitor.com › public › caseHal Luftig Company, Inc. et al v. United States Trustee et al

   www.pacermonitor.com › public › case

   • Cached

   Jan 9, 2024 · MANDATE of USCA (Certified Copy) as to9 Notice of Appeal, filed by Hal Luftig Company, Inc.,17 Notice of Appeal filed by Hal Luftig USCA Case Number 24-890; 24-1119. The parties in the above-referenced case have filed a stipulation withdrawing this appeal pursuant to FRAP 42. The stipulation is hereby "So Ordered"..

   • Case #: 1:24-cv-00166
   • Nature of Suit: 423 Bankruptcy-Withdrawal 28 USC 157

   • Judge: Denise L Cote

5. www.clearygottlieb.com › - › mediaCleary Gottlieb Third Party Releases in Subchapter V Plans

   www.clearygottlieb.com › - › media

   In In re Hal Luftig Co., the Bankruptcy Court recommended confirmation of a subchapter V small business reorganization plan that provided for the nonconsensual release of a non-debtor third party5. The Bankruptcy Court applied the Purdue III factors when considering the release6.

6. casetext.com › case › in-re-hal-luftig-co-3In re Hal Luftig Co., 24cv166(DLC) | Casetext Search + Citator

   casetext.com › case › in-re-hal-luftig-co-3

   • Cached

   Apr 30, 2024 · On November 22, 2023, the Honorable John P. Mastando III of the United States Bankruptcy Court for the Southern District of New York issued Findings that recommended the confirmation of a Small Business Plan of Reorganization under Chapter 11 (the “Plan”) for the debtor.

7. law.justia.com › cases › federalHal Luftig Company, Inc. et al v. United States Trustee et al ...

   law.justia.com › cases › federal

   • Cached

   On November 22, 2023, the Honorable John P. Mastando III of the United States Bankruptcy Court for the Southern District of New York issued Findings that recommended the confirmation of a Small Business Plan of Reorganization under Chapter 11 (the “Plan”) for the debtor.

8. casetext.com › case › in-re-hal-luftig-co-1In re Hal Luftig Co., 24cv166 (DLC) | Casetext Search + Citator

   casetext.com › case › in-re-hal-luftig-co-1

   • Cached

   On April 1, 2022, the arbitrator found the Debtor and Luftig jointly and severally liable to FCP in the amount of approximately $2.6 million. It also found that the Debtor and Luftig were obligated to pay 55% of the net income from Kinky Boots to FCP.