Opinion
Case No. 12-11519 (NVA)
2012-04-17
SO ORDERED
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U.S. BANKRUPTCY JUDGE
Chapter 11
Jointly Administered
STIPULATION AND CONSENT ORDER FURTHER EXTENDING TIME FOR
BEST BUY STORES, L.P. TO VOTE TO ACCEPT OR REJECT THE
FIRST AMENDED JOINT PLAN OF REORGANIZATION UNDER
CHAPTER 11 OF THE BANKRUPTCY CODE
The above-captioned debtors and debtors-in-possession, by and through their undersigned counsel, the Official Committee of Unsecured Creditors, by and through its undersigned counsel, and Best Buy Stores, L.P. ("Best Buy"), by and through its undersigned counsel, hereby stipulate and agree as follows:
Stipulations
1. On March 16, 2012, the Bankruptcy Court approved the Disclosure Statement to Accompany the First Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (the "Plan") [Docket No. 118].
2. The deadline to vote to accept or reject the Plan was April 13, 2012.
3. On April 12, 2012, the parties agreed to extend the time for Best Buy to vote to accept or reject the Plan was extended through and including April 16, 2012. On the same date, Best Buy submitted a stipulation to the Court regarding the extended deadline.
The April 12, 2012 is currently on submission to the Court, but as of the date hereof has not yet been entered.
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4. On April 16, 2012, in furtherance of settlement discussions, the parties agreed to further extend the deadline for Best Buy to vote to accept or reject the Plan through and including April 17, 2012. Accordingly, the deadline for Best Buy to vote to accept or reject the Plan is hereby further extended through and including April 17, 2012.
Consent Order
NOW, THEREFORE, upon the consent of the parties hereto, the foregoing Stipulation is hereby APPROVED. Agreed and Consented to:
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James E. Van Horn (Bar No. 29210)
McGUIREWOODS LLP
7 Saint Paul Street, Suite 1000
Baltimore, MD 21202
(410) 659-4468
jvanhorn@mcguirewoods.com
Counsel for Debtors and
Debtors-in-Possession
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Gary H. Leibowitz (Bar No. 24717)
G. David Dean (Bar No. 26987)
Cole, Schotz, Meisel, Forman & Leonard,
P.A.
300 East Lombard Street, Suite 2000
Baltimore, Maryland 21202
(410) 260-0660
(410) 528-9400 (fax)
gleibowitz@coleschotz.com
ddean@coleschotz.com
Counsel for the Official Committee
of Unsecured Creditors
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Douglas E. Spelfogel
(admitted pro hac vice)
Alissa M. Nann
(admitted pro hac vice)
FOLEY & LARNDER LLP
90 Park Avenue
New York, NY 10016
Telephone: (212) 682-7474
Facsimile: (212) 687-2329
and
Erika L. Morabito
(admitted pro hac vice)
FOLEY & LARNDER LLP
3000 K Street, N.W., Suite 500
Washington, DC 20007-5109
Telephone: (202) 672-5300
Facsimile: (202) 672-5399
Counsel for Best Buy Stores, L.P.
Certification
I HEREBY CERTIFY that the terms of the copy of the Consent Order submitted to the Court are identical to those set forth in the original Consent Order; and the signatures represented by the /s/ on this copy reference the signatures of consenting parties on the original Consent Order.
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Alissa M. Nann