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Television Production Contract is not Personal Service for Purposes of Assumption and Assignment Under Section 365(a) of the Bankruptcy Code

ABI

the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) held that an executory contract between the media-company debtor (“Vice Media”) and television network Showtime Networks Inc. 2] In In re Vice Group Holding, Inc. ,

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Valuation Decision Finds LLC “Worthless, Worthless, Worthless”

Farrel Fritz

Justice Masley’s valuation decision in Quattro Parent LLC v Rakib , 2022 NY Slip Op 30190(U) [Sup Ct, NY County Jan. The origin of the lawsuit was a Quattro board meeting in June 2015, at which Quattro’s CEO expressed the grim view that an infusion of tens of millions of dollars was essential to keep the company afloat.