ACERUS PHARMACEUTICALS CORPORATION, ACERUS BIOPHARMA INC., ACERUS LABS INC. AND ACERUS PHARMACEUTICALS USA, LLC.
FollowClosed
- Proceeding
- CCAACCAA
Filings held65
Last activity15 Jul 2024
On the record1,334 days
Case updates65 dated entries
62 earlier updates, back to 26 January 2023 — subscribers.
Parties
Debtor
ACERUS PHARMACEUTICALS CORPORATION, ACERUS BIOPHARMA INC., ACERUS LABS INC. AND ACERUS PHARMACEUTICALS USA, LLC.
Monitor
EY
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Documents
65 filings
| Date | Document | File |
|---|---|---|
| Trustee's Preliminary Report, dated July 15, 2024 | Trustee site | |
| Certificate of Appointment | Trustee site | |
| Creditor Package | Trustee site | |
| Order Closing The Chapter 15 Cases | Trustee site | |
| CCAA Termination Order, dated July 24, 2023 | Trustee site | |
| Endorsement of Steele, J., dated July 24, 2023 | Trustee site | |
| Book of Authorities of the Applicants, dated July 21, 2023 | Trustee site | |
| Factum of the Applicants dated July 21, 2023 | Trustee site | |
| The purpose of this report (the “Fifth Report”) is to provide information to the Court on the following: a) the activities of the Monitor and the Acerus Group’s operations since the fourth report of the Monitor dated June 27, 2023 (the “Fourth Report”), including the closing of the Transactions; b) the partial revocation of the failure-to-file cease trade order (“FFCTO”) granted by the Ontario Securities Commission (“OSC”); c) the Lease Disclaimer and the Keldmann Disclaimer (both as defined and discussed below); d) the Acerus Group’s receipts and disbursements for the period from June 12, 2023 to July 9, 2023, as compared to the cash flow forecast appended as Appendix “D” to the Fourth Report; and e) the Applicants’ motion for an Order (the “CCAA Termination Order”), among other things: i. approving the fees and disbursements of the Monitor and its counsel as described in this Fifth Report, including the estimated fees and disbursements of the Monitor and its counsel incurred to conclude these CCAA Proceedings or to address matters which are ancillary or incidental to these CCAA Proceedings (the “Subsequent Fees and Disbursements”); ii. approving the Fourth Report and this Fifth Report and the activities of the Monitor as set out in those reports; iii. expanding the Monitor’s powers in respect of the Applicants/Residual Cos.(as defined and discussed below); iv. approving the assignment into bankruptcy of the Applicants and authorizing, but not requiring, the Monitor to act as the trustee-in-bankruptcy of each of the Applicants; v. extending the Stay Period to the CCAA Termination Time (as defined below) or such other date as the Court may order; vi. terminating each of the Charges (as defined in the ARIO), discharging the Monitor and the CRO, and terminating these CCAA Proceedings upon the service of the Monitor’s CCAA Termination Certificate (as defined below); and vii. confirming that the Release granted in the Approval and Reverse Vesting Order applies to the CRO and Naveed Z. Manzoor in respect of liabilities which may be incurred as a result of acting as a director or officer of the Applicants/Residual Cos | Trustee site | |
| Motion Record Termination of CCAA Proceedings | Trustee site | |
| Endorsement of Justice Penny re Motion For A Stay Extension | Trustee site | |
| Order Re: Extension of Stay Period to July 31, 2023 | Trustee site | |
| Fourth Report of the Monitor | Trustee site | |
| Extension of Stay Period - Returnable June 28, 2023 | Trustee site | |
| Order (Approval and Reverse Vesting Order and Extension of Stay Proceedings) | Trustee site | |
| Order (I) Recognizing and Enforcing The CCAA Vesting Order, (II) Approving the Sale of Substantially All of the Debtors' Interests Free and Clear of Liens, Claims and Encumbrances, and (III) Granting Related Relief | Trustee site | |
| Notice of Sale Recognition Hearing | Trustee site | |
| Declaration of Elizabeth Pillon in Support of Foreign Representative's Motion for Entry of an Order (I) Recognizing and Enforcing the CCAA Vesting Order, (II) Approving the Sale of Substantially all of the Debtors' Interests Free and Clear of Liens, Claims, and Encumbrances, and (III) Granting Related Relief | Trustee site | |
| Declaration of Naveed Z. Manzoor In Support of Foreign Representative's Motion for Entry of An Order (I) Recognizing and Enforcing the CCAA Vesting Order, (II) Approving the Sale of Substantially all of the Debtors' Interests Free and Clear of Liens, Claims, and Encumbrances, and (III) Granting Related Relief | Trustee site | |
| Foreign Representative's Motion for Entry of An Order (I) Recognizing and Enforcing the CCAA Vesting Order, (II) Approving the Sale of Substantially All of the Debtors' Interests Free and Clear of Liens, Claims, and Encumbrances, and (III) Granting Related Relief | Trustee site | |
| Order Pursuant to Bankruptcy Rule 9006(c) and Local Rule 9006-1(e) Shortening The Notice Period for Foreign Representative's Motion for Entry of an Order (I) Recognizing and Enforcing the CCAA Vesting Order, (II) Approving the Sale of Substantially All of the Debtors' Interests Free and Clear of Liens, Claims, and Encumbrances, and (III) Granting Related Relief | Trustee site | |
| Approval and Reverse Vesting Order and Extension of Stay of Proceedings | Trustee site | |
| Endorsement of Justice Penny re Reverse Vesting Order and Extension of Stay of Proceedings | Trustee site | |
| Factum of the Applicants (Re: Approval and Reverse Vesting Order and Extension of Stay of Proceedings) | Trustee site | |
| Responding Motion Record (returnable May 30, 2023) | Trustee site | |
| Third Report of the Monitor | Trustee site | |
| Motion Record re Approval and Reverve Vesting Order and Extension of Stayof Proceedings - returnable May 30, 2023 | Trustee site | |
| Endorsement of Justice Penny re Sale Approval and Vesting Order Motion Adjourned to May 30, 2023 | Trustee site | |
| Stay Extension Order - to May 30, 2023 | Trustee site | |
| Court Approval of SISP | Trustee site | |
| Declaration of Elizabeth Pillon In Support of Foreitn Representative's Motion for Entry of An Order (I) Recognizing and Enforcing the CCAAA SiSP Approval Order and (II) Granting Related Relief | Trustee site | |
| Declaration of Naveed Z. Manzoor In Support of Foreitn Representative's Motion for Entry of An Order (I) Recognizing and Enforcing the CCAAA SiSP Approval Order and (II) waGranting Related Relief | Trustee site | |
| Foreign Representative's Motion for Entry of an Order: (I) Recognizing and Enforcing the CCAA SISP Approval Order and, (II) Granting Related Relief | Trustee site | |
| Notice of Hearing on Foreign Representative's Motion for Entry of an Order (I) Recognizing and Enforcing the CCAA SISP Approval Order and (II) Granting Related Relief | Trustee site | |
| Notice of Sale and Investment Solication Process ("SISP") - Newspaper Ad | Trustee site | |
| Order Pursuant to Bankruptcy Rule 9006(c) and Local Rule 9006-1(e) Shortening the Notice Period for Foreitn Representative's Motion for Entry of an Order (I) Recognizing and Enforcing the CCAA SISP Approval Order and (II) Granting Related Relief | Trustee site | |
| Endorsement of Justice Conway re SISP Approval and Extension to Stay of Proceedings | Trustee site | |
| SISP Approval and Extension to Stay of Proceedings Order | Trustee site | |
| Factum of the Applicants (SISP Approval and Extension to Stay of Proceedings) | Trustee site | |
| Second Report of the Monitor | Trustee site | |
| SISP Approval and Extention to Stay of Proceedings - returnable Mar 9, 2023 | Trustee site | |
| Order Granting Verified Petition For (I) Recognition of Foreigh Main Proceedings, (II) Recognition of Foreign Representative, (III) Recognition of Initial Order and Amended and Restated Initial Order, and (IV) Related Relief Under Chapter 15 of the Bankruptcy Code | Trustee site | |
| Service List | Trustee site | |
| Service List as at February 7, 2023 | Trustee site | |
| Amended and Restated Initial Order | Trustee site | |
| Endorsement of Justice Osborne re Amended and Restated Initial Order | Trustee site | |
| First Report Of The Monitor | Trustee site | |
| Service List - as at February 1, 2023 | Trustee site | |
| Motion Record re Comeback Hearing | Trustee site | |
| Supplementary Factum of the Applicants | Trustee site | |
| List of Creditors as at January 26, 2023 | Trustee site | |
| Notice of Agenda For Hearing On First Day Motions Scheduled For January 31, 2023 At 2:00 P.M. (Prevailing Eastern Time) | Trustee site | |
| Notice of First Day Hearing | Trustee site | |
| Notice to Creditors | Trustee site | |
| Acerus Biopharma Inc. - Chapter 15 Petition for Recognition of a Foreign Proceeding | Trustee site | |
| Acerus Labs Inc. - Chapter 15 Petition for Recognition of a Foreign Proceeding | Trustee site | |
| Acerus Pharmaceuticals Corporation - Chapter 15 Petition for Recognition of a Foreign Proceeding | Trustee site | |
| Acerus Pharmaceuticals USA, LLC - Chapter 15 Petition for Recognition of a Foreign Proceeding | Trustee site | |
| Order Granting Provisional Relief Pursuant To Section 1519 Of The Bankruptcy Code | Trustee site | |
| Verified Petition For: (I) Recognition of Foreign Main Proceedings, (II) Recognition of Foreign Representative (III) Recognition of Initial Order and Amended and Restated Initial Order, and (IV) Related Relief Under Chapter 15 of the Bankruptcy Code | Trustee site | |
| Factum of the Applicants | Trustee site | |
| Initial Application | Trustee site | |
| Initial Order | Trustee site | |
| Service List - as at January 26, 2023 | Trustee site | |
| Proposed Monitor's Pre-Filing Report | Trustee site |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “ACERUS PHARMACEUTICALS CORPORATION, ACERUS BIOPHARMA INC., ACERUS LABS INC. AND ACERUS PHARMACEUTICALS USA, LLC.” (CCAA). Retrieved 20 September 2026, https://proceedings.ca/case/acerus-pharmaceuticals-corporation-acerus-biopharma-inc-acerus-labs-inc-and-acer