Petition filed: March 10, 2008
Case No. 08-10446 (Bankr. D. Del. 2008) (KJC)
Committee Appointed: March 18, 2008
Any and all questions to the Official Committee of Unsecured Committee or its counsel should be submitted by an e-mail addressed to: leinerhealth@lowenstein.com .
Debtors' businesses: The Debtors, Leiner Health Products Inc., http://www.advmkt.com/, LHP Holding Corp., Leiner Health Products, LLC, and Leiner Health Services Corp., each filed for bankruptcy protection in the Bankruptcy Court for the District of Delaware on March 10, 2008. The Debtors' cases are jointly administered under the Case No. 08-10446 (KJC).
The Debtors are a leading manufacturer of store brand vitamins, minerals and nutritional supplements and have been a significant supplier of store brand over-the-counter pharmaceuticals in the United States. The Debtors' affiliate Vita Health Products, Inc. is a leading manufacturer of private label and branded vitamins, minerals and over-the-counter pharmaceuticals in Canada. The Debtors' top four customers accounted for approximately 81% of the Debtors' gross sales in calendar year 2007. To meet their customers' needs, the Debtors rely on a small number of supplies to provide the necessary ingredients and minerals for the Debtors' products.
For the fiscal year ending March 31, 2007, the Debtors generated in excess of $685 million of revenue and approximately $84 million in EBITDA. As of the Petition Date, the Debtors employed approximately 1,089 employees. In addition, the Debtors procure the services of approximately 23 independent contractors and, through employment agencies, approximately 575 temporary employees. None of the Debtors' employees are represented by a collective bargaining agreement.
=====================================================================
COMMITTEE MEMBERS
=====================================================================
Jennifer K. Benenson, Esq.,
Dr. Reddy’s Laboratories, Inc. (Committee Co-Chair)
200 Somerset Corporate Boulevard, 7 Floor
Bridgewater, NJ 08807
|
Peter Argiriou
BASF Corporation (Committee Co-Chair)
100 Campus Drive
Florham Park, NJ 07932
|
Timothy J. Sandell
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
|
Ronda L. Hale
Berry Plastics Corporation
101 Oakley Street
Evansville, IN 47710
|
Hugh C. Welsh
DSM Nutritional Products, Inc.
45 Waterview Boulevard
Parsippany, NJ 07054
|
Lee Zhong
NatureGen, Inc.
7340-A Trade Street
San Diego, CA 92121
|
John T. Fry
Colorcon, Inc.
415 Moyer Boulevard
West Point, PA 19486
|
|
=====================================================================
COMMITTEE COUNSEL
===================================================================
LOWENSTEIN SANDLER PC
65 Livingston Avenue
Roseland, New Jersey 07068
Phone: 973-597-2500
Fax: 973-597-2400
www.lowenstein.com
=====================================================================
COMMITTEE FINANCIAL ADVISOR
=====================================================================
FTI Consulting
3 Times Square
10th Floor
New York, NY 10036
www.fticonsulting.com
====================================================================
DEBTORS' COUNSEL
=====================================================================
KIRKLAND & ELLIS LLP
Citigroup Center
153 East 53rd Street
New York, New York 10022-4611
www.kirkland.com
Richard M. Cieri, Esq.
Paul M. Basta, Esq.
Edward O. Sassower, Esq.
Stephen E. Hessler, Esq.
Phone: 212-446-4800
Fax: 212-446-4900
=====================================================================
DEBTORS' FINANCIAL ADVISOR AND INVESTMENT BANKER
=====================================================================
Houlihan Lokey Howard & Zukin Capital, Inc.
Amit Patel
Andrew B. Miller
1930 Century Park West
Los Angeles, California 90067
Phone: 310-553-8871
Fax: 310-553-2173
http://www.hlhz.com/
=====================================================================
OFFICE OF THE UNITED STATES TRUSTEE
====================================================================
Mark S. Kenney, Esq.
844 King Street, Room 2207
Lockbox #35
Wilmington
Phone: 302-573-6491
Fax: 302-573-6497
http://www.usdoj.gov/ust
=====================================================================
NOTICING, CLAIMS AND BALLOTING AGENT
=====================================================================
The Garden City Group, Inc.
105 Maxess Road
Melville, NY 11747
Phone: 1-800-327-3664
http://www.gardencitygroup.com/
=====================================================================
CHAPTER 11 PROCESS
=====================================================================
Chapter 11, entitled Reorganization, ordinarily is used by commercial enterprises that desire to continue operating a business and repay creditors concurrently through a court-approved plan of reorganization. The chapter 11 debtor usually has the exclusive right to file a plan of reorganization for the first 120 days after it files the case and must provide creditors with a disclosure statement containing information adequate to enable creditors to evaluate the plan. The court ultimately approves (confirms) or disapproves the plan of reorganization. Under the confirmed plan, the debtor can reduce its debts by repaying a portion of its obligations and discharging others. The debtor can also terminate burdensome contracts and leases, recover assets, and rescale its operations in order to return to profitability. Under chapter 11, the debtor normally goes through a period of consolidation and emerges with a reduced debt load and a reorganized business.
=====================================================================
MONTHLY OPERATING REPORTS
=====================================================================
PDF 3-25-08 (Docket No. 89)
PDF 4-30-08 (Docket No.264 - 1, Docket 264 - 2, Docket No.264 - 3, Docket No.264 - 4, Docket No.264 - 5)
PDF 5-30-08 (Docket No. 362 - 1, Docket No. 362 - 2, Docket No. 362 - 3, Docket No. 362 - 4)
PDF 6-30-08 (Docket No. 492)
PDF 8-01-08 (Docket No. 619)
PDF 9-30-08 (Docket No. 786)
PDF 9-30-08 (Docket No. 787)
PDF 10-1-08 (Docket No. 792)
PDF 10-1-08 (Docket No. 793)
PDF 10-30-08 (Docket No. 863)
PDF 11-25-08 (Docket No. 927)
====================================================================
FILING OF PROOFS OF CLAIM - DEADLINE
JUNE 16, 2008 AT 5:00 P.M. (ET)
====================================================================
PDF Claims Bar Date Order and Forms (Docket No.172 - 1, Docket No.172 - 2, Docket No.172 - 3, Docket No.172 - 4)
=====================================================================
SALE RELATED DOCUMENTS
=====================================================================
PDF Motion (Docket No.81 - 1, Docket No.81 - 2, Docket No.81 - 3, Docket No.81 - 4, Docket No.81 - 5, Docket No.81 - 6, Docket No.81 - 7, Docket No.81 - 8, Docket No.81 - 9, Docket No.169 - 1, Docket No.169 - 2, Docket No.169 - 3, Docket No.249 - 1, Docket No.249 - 2)
PDF Order (Docket No.210 - 1, Docket No.210 - 2, Docket No.210 - 3, Docket No.210 - 4)
- Bid Submission Deadline: May 30, 2008
- Sale Objection Deadline: June 4, 2008
- Auction: June 9, 2008
- Sale Hearing: June 11, 2008 at 1:30 p.m.
PDF - Motion to Authorize [Redacted] Debtors' Motion for Entry of an Order Authorizing the Selling Debtors to Designate a Stalking Horse Bidder and Enter into a Break-up Fee Arrangement Under Certain Circumstances (Docket No.273 - 1, Docket No.273 - 2, Docket No.273 - 3)
PDF Interim Order (Docket No. 299)
PDF Final Order (Docket No. 358). Order (FINAL) Authorizing the Selling Debtors to Designate a Stalking Horse Bidder and Enter into a Break-Up Fee Arrangement Under Certain Circumstances. (related document(s) 299 ). Order Signed on 5/30/2008.
PDF Committee Objection (Docket No. 396)
PDF Final Sale Order (Docket No. 430)
=====================================================================
PLAN AND DISCLOSURE STATEMENT
=====================================================================
Debtors' Joint Disclosure Statement (PDF 684)
Debtors' Joint Plan of Liquidation (PDF 683)
Notice of Confirmation Hearing (PDF 685)
Confirmation Order (PDF 822)
- August 21, 2008 - VOTING RECORD DATE
- September 26, 2008 at 12:00 p.m. (ET) - PLAN OBJECTION DEADLINE
- September 26, 2008 at 5:00 p.m. (ET) - VOTING DEADLINE
- October 7, 2008 at 1:30 p.m. (ET) - HEARING TO CONFIRM THE PLAN
=====================================================================
UPCOMING HEARING DATES
=====================================================================Hearing Dates
- June 11, 2008 at 1:30 p.m.
- July 7, 2008 at 1:30 p.m.
- July 30, 2008 at 1:30 p.m.
- August 21, 2008 at 11:00 a.m.
- October 7, 2008 at 1:30 p.m.
Location:
Before the Honorable Kevin J. Carey
United States Bankruptcy Court, District of Delaware
824 Market Street, 5th Floor, Courtroom No. 5
Wilmington, Delaware 19801
|