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Uhmm $50 million DIP financing has been baked into PPS and liabilities for weeks. Also have you not seen the number of interested parties lining up to bid on assets? The initial Wanxiang bid was for 80% of A123 for total of $465 million- but that was when there was only one other bidder. Now with around 20 other bidders, do you really believe we are not going to exceed liabilities?
For those that might have missed it check out big list of corporate attorneys and who they are representing..
Attorneys:
Derek C. Abbott
Morris Nichols Arsht & Tunnell LLP
1201 N. Market Street
PO Box 1347
18th Floor
Wilmington, DE 19899-1347
302-658-9200
302-658-3989 (fax)
dabbott@mnat.com
Assigned: 10/17/2012 representing Johnson Controls, Inc.
(Interested Party)
Omar J. Alaniz
Baker Botts LLP
2001 Ross Avenue
Dallas, TX 75201
214-953-6500
214-953-6503 (fax)
omar.alaniz@bakerbotts.com
Assigned: 11/07/2012 representing Centre National de la Recherche Scientifique
(Interested Party)
Hydro-Quebec
(Interested Party)
Universite de Montreal
(Interested Party)
Elihu Ezekiel Allinson, III
Sullivan Hazeltine Allinson LLC
901 North Market Street
Suite 1300
Wilmington, DE 19801
302-428-8191
302-428-8195 (fax)
ZAllinson@SHA-LLC.com
Assigned: 11/07/2012 representing Auwahi Wind Energy, LLC
(Creditor)
D. J. Baker
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022-4834
212-906-1200
212-751-4864 (fax)
dj.baker@lw.com
Assigned: 10/18/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
William R. Baldiga
Brown Rudnick LLP
One Financial Center
Boston, MA 02111
usa
617-856-8200
617-856-8201 (fax)
wbaldiga@brownrudnick.com
Assigned: 10/18/2012 representing Ad Hoc Group of A123 3.75% Convertible Noteholders
(Creditor)
David M. Banker
Lowenstein Sandler PC
1251 Avenue of the Americas
New York, NY 10020
212-204-8692
973-422-6863 (fax)
dbanker@lowenstein.com
Assigned: 11/02/2012 representing LiFeP04+C Licensing AG
(Creditor)
Michael Jason Barrie
Benesch Friedlander Coplan & Aronoff LLP
222 Delaware Avenue, Suite 801
Wilmington, DE 19801-1611
(302) 442-7010
(302) 442-7012 (fax)
mbarrie@beneschlaw.com
Assigned: 10/26/2012 representing Massachusetts Clean Energy Technology Center
(Creditor)
Emily A. Battersby
DLA Piper LLP (US)
1251 Avenue of the Americas
New York, NY 10020-1104
212-335-4500
212-335-4501 (fax)
emily.battersby@dlapiper.com
Assigned: 10/25/2012 representing Fisker Automotive, Inc.
(Interested Party)
George Benaur
Buchanan Ingersoll & Rooney PC
700 Alexander Park
Princeton, NJ 08540
609-987-6800
609-520-0360 (fax)
george.benaur@bip.com
Assigned: 10/17/2012 representing BAE Systems Controls Inc.
(Creditor)
Nola R. Bencze
Buchanan Ingersoll & Rooney PC
700 Alexander Park
Suite 300
Princeton, NJ 08540
(609) 987-6853
(609) 520-0360 (fax)
nola.bencze@bipc.com
Assigned: 10/17/2012 representing BAE Systems Controls Inc.
(Creditor)
Sunni P Beville
Brown Rudnick LLP
One Financial Center
Boston, MA 02111
617-856-8200
617-856- 8201 (fax)
sbeville@brownrudnick.com
Assigned: 11/07/2012 representing OFFICIAL COMMITTEE OF UNSECURED CREDITORS
(Creditor Committee)
Robert S. Brady
Young Conaway Stargatt & Taylor LLP
1000 North King Street
Wilmington, DE 19801
usa
302-571-6600
302-571-1253 (fax)
bankfilings@ycst.com
Assigned: 10/17/2012 representing Wanxiang America Corporation and Wanxiang Clean Energy USA Corp.
(Interested Party)
Gary D. Bressler
McElroy Deutsch Mulvaney & Carpenter LLP
300 Delaware Ave., Suite 770
Wilmington, DE 19801
(302) 300-4515
(302) 654-4031 (fax)
gbressler@mdmc-law.com
Assigned: 10/26/2012 representing The Hanover Insurance Company
(Interested Party)
Jo Ann J. Brighton
K&L Gates LLP
214 North Tryon Street
47th Floor
Charlotte, NC 28202
704-331-7400
704-331-7598 (fax)
joann.brighton@klgates.com
Assigned: 11/07/2012 representing NEC Corporation
(Interested Party)
Andrew Brozman
Clifford Chance LLP
31 West 52nd Street
New York, NY 10019-6131
212-878-3427
andrew.brozman@cliffordchance.com
Assigned: 10/17/2012 representing UNITED STATES OF AMERICA
(Creditor)
Timothy P. Cairns
Pachulski Stang Young & Jones LLP
919 N. Market Street
17th Floor
Wilmington, DE 19801
302-652-4100
302-652-4400 (fax)
tcairns@pszjlaw.com
Assigned: 11/06/2012 representing NEC Corporation
(Interested Party)
Mary Caloway
Buchanan Ingersoll & Rooney PC
1105 North Market Street
Suite 1900
Wilmington, DE 19801-1228
usa
302-552-4209
302-552-4295 (fax)
mary.caloway@bipc.com
Assigned: 11/05/2012 representing BAE Systems Controls Inc.
(Creditor)
Sarah Campbell
Clifford Chance LLP
31 West 52nd Street
New York, NY 10019-6131
212-878-3427
sarah.campbell@cliffordchance.com
Assigned: 10/17/2012 representing UNITED STATES OF AMERICA
(Creditor)
Shawn M. Christianson
Buchalter Nemer, P.C.
55 Second Street, 17th Floor
San Francisco, CA 94105-3493
(415)227-0900
(415)227-0770 (fax)
schristianson@buchalter.com
Assigned: 11/07/2012 representing Oracle America, Inc
Buchalter Nemer
c/o Shawn M. Christianson
55 Second Street, 17th Floor
San Francisco, Ca 94105
415-227-0770 (fax)
schristianson@buchalter.com
(Creditor)
Mark D. Collins
Richards, Layton & Finger, P.A.
One Rodney Square
920 North King Street
Wilmington, DE 19801
302 651-7700
302-651-7701 (fax)
collins@RLF.com
Assigned: 10/16/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Mark D. Collins
Richards, Layton & Finger, P.A.
One Rodney Square
920 North King Street
Wilmington, DE 19801
302-651-7531
302-651-7701 (fax)
collins@rlf.com
Assigned: 10/16/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
John M Craig
Russell R.Johnson III, PLC
2258 Wheatland Drive
Manakin-Sabot, VA 23103
(804) 749-8861
804-749-8862 (fax)
Assigned: 11/02/2012 representing NStar Electric & Gas Corporation
(Creditor)
The Detroit Edison Company d/b/a DTE Energy and Michigan Consolidated Gas Company, d/b/a DTE Energy
(Creditor)
Andrea Campbell Davison
Arent Fox LLP
1050 Connecticut Avenue, NW
Washington, DC 20036-5339
202-857-6000
202-857-6395 (fax)
davison.andrea@arentfox.com
Assigned: 11/02/2012 representing Panalpina, Inc.
Arent Fox LLP
c/o Jeffrey N. Rothleder, Esq.
1050 Connecticut Avenue NW
Washington, DC 20036
(Creditor)
John D. Demmy, Esq
Stevens & Lee, P.C.
1105 North Market Street, 7th Floor
Wilmington, DE 19801
302-425-3309
610-371-8515 (fax)
jdd@stevenslee.com
Assigned: 11/01/2012 representing NStar Electric & Gas Corporation
(Creditor)
The Detroit Edison Company d/b/a DTE Energy and Michigan Consolidated Gas Company, d/b/a DTE Energy
(Creditor)
Gregory T. Donilon
Pinckney, Harris & Weidinger, LLC
1220 North Market Street, Suite 950
Wilmington, DE 19801
(302) 504-1527
(302) 442-7046 (fax)
gdonilon@phw-law.com
Assigned: 11/02/2012 representing Maxwell Technologies, Inc.
(Interested Party)
Peter James Duhig
Buchanan Ingersoll & Rooney PC
1105 North Market Street
Suite 1900
Wilmington, DE 19801-1228
302-552-4217
302-552-4295 (fax)
peter.duhig@bipc.com
Assigned: 10/17/2012 representing BAE Systems Controls Inc.
(Creditor)
Daniel G. Egan
DLA Piper LLP (US)
1251 Avenue of the Americas
New York, NY 10020-1104
212-335-4500
212-335-4501 (fax)
daniel.egan@dlapiper.com
Assigned: 10/25/2012 representing Fisker Automotive, Inc.
(Interested Party)
Bonnie Glantz Fatell
Blank Rome LLP
1201 Market Street, Suite 800
Wilmington, DE 19801
(302) 425-6423
(302) 425-6464 (fax)
fatell@blankrome.com
Assigned: 10/31/2012 representing Siemens Industry, Inc.
(Interested Party)
Mark E. Felger
Cozen O'Connor
1201 N. Market Street, Suite 1001
Wilmington, DE 19801
usa
302-295-2087
302-295-2013 (fax)
mfelger@cozen.com
Assigned: 11/05/2012 representing Aristeia Master, L.P.
(Creditor)
Joshua A. Feltman
Wachtell Lipton Rosen & Katz
51 West 52nd Street
New York, NY 10019
212-403-1000
212-403-2000 (fax)
jafeltman@wlrk.com
Assigned: 10/17/2012 representing Johnson Controls, Inc.
(Interested Party)
Brian C. Fork
K&L Gates LLP
214 North Tryon Street
47th Floor
Charlotte, NC 28202
704-331-7400
704-331-7598 (fax)
brian.fork@klgates.com
Assigned: 11/07/2012 representing NEC Corporation
(Interested Party)
David M. Fournier
Pepper Hamilton LLP
Hercules Plaza, Suite 5100
1313 Market Street
Wilmington, DE 19899-1709
usa
302 777-6500
302-421-8390 (fax)
fournierd@pepperlaw.com
Assigned: 11/06/2012 representing Centre National de la Recherche Scientifique
(Interested Party)
Hydro-Quebec
(Interested Party)
Universite de Montreal
(Interested Party)
Laurence M. Frazen
Bryan Cave LLP
3500 One Kansas City Place
1200 Main Street, Suite 3500
Kansas City, MO 64105
816-374-3200
816-374-3300 (fax)
lmfrazen@bryancave.com
Assigned: 11/06/2012
LEAD ATTORNEY representing Smith Electric Vehicles Corp.
(Creditor)
Gregg M. Galardi
DLA Piper LLP
919 N. Market Street
15th floor
Wilmington, DE 19801
212-335-4640
212-884-8680 (fax)
gregg.galardi@dlapiper.com
Assigned: 10/24/2012 representing Fisker Automotive, Inc.
(Interested Party)
Lauren C. Genvert
DLA Piper LLP (US)
919 North Market Street
Suite 1500
Wilmington, DE 19801
302-468-5700
302-394-2341 (fax)
lauren.genvert@dlapiper.com
Assigned: 10/25/2012 representing Fisker Automotive, Inc.
(Interested Party)
Steven A. Ginther
Missouri Dept. of Revenue
301 W. High Street, Room 670
P.O. Box 475
Jefferson City, MO 65105-0475
573-751-5531
573-751-7232 (fax)
deecf@dor.mo.gov
Assigned: 10/25/2012 representing Missouri Department of Revenue
Attn: Steven A. Ginther, Bankruptcy Unit
PO Box 475
Jefferson City, MO 65105-0475
573-5531
573-751-7232 (fax)
deecf@dor.mo.gov
(Creditor)
Michael D. Gordon
Briggs and Morgan, P.A.
2200 IDS Center
80 South Eighth Street
Minneapolis, MN 55402
612-977-8400
612-977-8650 (fax)
mgordon@briggs.com
Assigned: 10/22/2012 representing Welsh Romulus, LLC, BPE Exchange, LLC, and BPW Exchange, LLC
(Creditor)
Victoria A. Guilfoyle
Blank Rome LLP
1201 Market Street
Suite 800
Wilmington, DE 19801
302-425-6404
302-425-6464 (fax)
guilfoyle@blankrome.com
Assigned: 10/31/2012 representing Siemens Industry, Inc.
(Interested Party)
Bojan Guzina
Sidley Austin LLP
One South Dearborn
Chicago, IL 60603
312-853-7323
312-853-7036 (fax)
bguzina@sidley.com
Assigned: 10/17/2012 representing Wanxiang America Corporation and Wanxiang Clean Energy USA Corp.
(Interested Party)
Christopher R. Harris
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022
212-906-1200
212-751-4864 (fax)
christopher.harris@lw.com
Assigned: 10/18/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Jennifer R. Hoover
Benesch Friedlander Coplan & Aronoff LLP
222 Delaware Ave.
Suite 801
Wilmington, DE 19801
302-442-7010
302-442-7012 (fax)
jhoover@beneschlaw.com
Assigned: 10/31/2012 representing Massachusetts Clean Energy Technology Center
(Creditor)
Allan H. Ickowitz
Nossaman LLP
777 South Figueroa Street
34th Floor
Los Angeles, CA 90017
213-612-7800
213-612-7801 (fax)
aickpwitz@nossaman.com
Assigned: 10/26/2012 representing Auwahi Wind Energy, LLC
(Creditor)
Ericka F. Johnson
Womble Carlyle Sandridge & Rice LLP
222 Delaware Avenue
Suite 1501
Wilmington, DE 19801
302-252-4320
302-252-4330 (fax)
erjohnson@wcsr.com
Assigned: 10/22/2012 representing Phillips Specialty Products, Inc.
(Creditor)
Ericka Fredricks Johnson
Womble Carlyle Sandridge & Rice, LLP
222 Delaware Avenue
Suite 1501
Wilmington, DE 19801
302-252-4337
302-661-7737 (fax)
erjohnson@wcsr.com
Assigned: 11/08/2012 representing Phillips Specialty Products, Inc.
(Creditor)
Laura Davis Jones
Pachulski Stang Ziehl & Jones LLP
919 N. Market Street, 17th Floor
Wilmington, DE 19899-8705
302-652-4100
302-652-4400 (fax)
ljones@pszyj.com
Assigned: 11/07/2012 representing NEC Corporation
(Interested Party)
Benjamin W. Keenan
Ashby & Geddes, PA
500 Delaware Avenue
8th Floor
P O Box 1150
Wilmington, DE 19899
302-654-1888
302-654-2067 (fax)
bkeenan@ashby-geddes.com
Assigned: 10/22/2012 representing Welsh Romulus, LLC, BPE Exchange, LLC, and BPW Exchange, LLC
(Creditor)
Emil A. Kleinhaus
Wachtell Lipton Rosen & Katz
51 West 52nd Street
New York, NY 10019
212-403-1000
212-403-2000 (fax)
eakleinhaus@wlrk.com
Assigned: 11/02/2012 representing Johnson Controls, Inc.
(Interested Party)
Stephen S. LaPlante
Miller Canfield Paddock & Stone, PLC
150 West Jefferson Avenue
Suite 2500
Detroit, MI 48226
313-496-8478
313-496-8452 (fax)
laplante@millercanfield.com
Assigned: 10/23/2012 representing Intertek Testing Services N.A., Inc.
(Creditor)
David K. Lam
Wachtell Lipton Rosen & Katz
51 West 52nd Street
New York, NY 10019-6150
212-403-1000
212-403-2000 (fax)
dklam@wlrk.com
Assigned: 10/17/2012 representing Johnson Controls, Inc.
(Interested Party)
Michael R. Lastowski
Duane Morris LLP
1100 North Market Street, Suite 1200
Wilmington, DE 19801-1246
302-657-4900
302-657-4901 (fax)
mlastowski@duanemorris.com
Assigned: 11/05/2012 representing Southern California Edison Co.
(Creditor)
John J. Lavelle
Sidley Austin LLP
787 Seventh Avenue
New York, NY 10019
212-839-5300
212-839-5599 (fax)
Assigned: 11/07/2012 representing Wanxiang America Corporation and Wanxiang Clean Energy USA Corp.
(Interested Party)
Michelle M. LeCointe
Baker Botts LLP
98 San Jacinto Boulevard
Suite 1500
Austin, TX 78701-4078
512-322-2500
512-322-2501 (fax)
michelle.lecointe@bakerbotts.com
Assigned: 11/07/2012 representing Centre National de la Recherche Scientifique
(Interested Party)
Hydro-Quebec
(Interested Party)
Universite de Montreal
(Interested Party)
Nathan P. Lebioda
K&L Gates LLP
214 North Tryon Street
47th Floor
Charlotte, NC 28202
704-331-7400
704-331-7598 (fax)
nathan.lebioda@klgates.com
Assigned: 11/07/2012 representing NEC Corporation
(Interested Party)
Scott J. Leonhardt
The Rosner Law Group LLC
824 Market Street
Suite 810
Wilmington, DE 19801
302-777-1111
leonhardt@teamrosner.com
Assigned: 11/01/2012 representing Niagara Thermal Products LLC
(Interested Party)
Kevin J Mangan
Womble Carlyle Sandridge & Rice LLP
222 Delaware Avenue
15th Floor
Wilmington, DE 19801
302-252-4361
302-661-7729 (fax)
kmangan@wcsr.com
Assigned: 10/22/2012 representing Phillips Specialty Products, Inc.
(Creditor)
Mary K. Markman
Michigan Department of Attorney General
525 West Ottawa
Lansing, MI 48933
517.373.1162
517.373.2060 (fax)
Markmank@michigan.gov
Assigned: 10/24/2012 representing Michigan Economic Growth Authority
525 West Ottawa Street
Lansing, MI 48933
5173731162
(Creditor)
Michigan Strategic Fund
525 West Ottawa Street
Lansing, MI 48933
5173731162
(Creditor)
Douglas K Mayer
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, NY 10019
212-403-1251
212-403-2251 (fax)
dkmayer@wlrk.com
Assigned: 11/02/2012 representing Johnson Controls, Inc.
(Interested Party)
Michelle McMahon
Bryan Cave LLP
1290 Avenue of the Americas
New York, NY 10104
212-541-2000
212-541-1439 (fax)
michelle.mcmahon@bryancave.com
Assigned: 11/05/2012 representing Smith Electric Vehicles Corp.
(Creditor)
Kevin J. Meek
Baker Botts LLP
98 San Jacinto Boulevard
Suite 1500
Austin, TX 78701-4078
512-322-2500
512-322-2501 (fax)
kevin.meek@bakerbotts.com
Assigned: 11/07/2012 representing Centre National de la Recherche Scientifique
(Interested Party)
Hydro-Quebec
(Interested Party)
Universite de Montreal
(Interested Party)
Michael Joseph Merchant
Richards Layton & Finger, P.A.
One Rodney Square
P.O. Box 551
Wilmington, DE 19899
usa
302-651-7700
302-651-7701 (fax)
merchant@rlf.com
Assigned: 10/16/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Michael Joseph Merchant
Richards Layton & Finger
One Rodney Square
PO Box 551
Wilmington, DE 19899
302-651-7700
302-651-7701 (fax)
merchant@rlf.com
Assigned: 10/16/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Kathleen M. Miller
Smith, Katzenstein & Jenkins LLP
800 Delaware Avenue
P.O. Box 410
Wilmington, DE 19899
302 652-8400
302-652-8405 (fax)
kmiller@skjlaw.com
Assigned: 10/16/2012 representing Airgas, Inc. and related Airgas entities
(Interested Party)
Phillip Mindlin
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, NY 10019
212-403-1217
212-403-2217 (fax)
pmindlin@wlrk.com
Assigned: 10/17/2012 representing Johnson Controls, Inc.
(Interested Party)
Tamara K. Minott
Morris, Nichols, Aesht & Tunnell LLP
1201 North Market Street
PO BOX 1347
Wilmington, DE 19866
302-658-9200
302-658-3989 (fax)
tminott@mnat.com
Assigned: 10/17/2012 representing Johnson Controls, Inc.
(Interested Party)
Mark Minuti
Saul Ewing LLP
222 Delaware Ave, Suite 1200
P.O. Box 1266
Wilmington, DE 19899
302 421-6840
302 421-5873 (fax)
mminuti@saul.com
Assigned: 10/17/2012 representing Ad Hoc Group of A123 3.75% Convertible Noteholders
(Creditor)
Assigned: 11/04/2012 representing OFFICIAL COMMITTEE OF UNSECURED CREDITORS
(Creditor Committee)
Louis A. Modugno
McElroy Deutsche Mulvaney&Carpenter LLP
1300 Mount Kemble Avenue
P.O. Box 075
Morristown, NJ 07962
973-993-8100
973-425-0161 (fax)
lmodugno@mdmc-law.com
Assigned: 10/26/2012 representing The Hanover Insurance Company
(Interested Party)
Francis A. Monaco, Jr.
Womble Carlyle Sandridge & Rice
222 Delaware Avenue, Suite 1501
Wilmington, DE 19801
302-252-4340
302-661-7730 (fax)
fmonaco@wcsr.com
Assigned: 10/22/2012 representing Phillips Specialty Products, Inc.
(Creditor)
Edmon L. Morton
Young, Conaway, Stargatt & Taylor
The Brandywine Bldg.
1000 West Street, 17th Floor
P.O. Box 391
Wilmington, DE 19899
usa
302 571-6600
302-571-1253 (fax)
bankfilings@ycst.com
Assigned: 10/17/2012 representing Wanxiang America Corporation and Wanxiang Clean Energy USA Corp.
(Interested Party)
Tina Niehold Moss
Perkins Coie LLP
30 Rockefeller Plaza, 25th Floor
New York, NY 10112
212-262-6900
212-977-1649 (fax)
tmoss@perkinscoie.com
Assigned: 11/02/2012 representing U.S. Bank National Association, as Indenture Trustee
Perkins Coie LLP
30 Rockefeller Plaza, 25th Fl.
New Yrok, NY 10112
212
(Creditor)
Kathleen A. Murphy
Buchanan Ingersoll & Rooney PC
1105 North Market Street
Suite 1900
Wilmington, DE 19801
302-552-4200
302-552-4295 (fax)
kathleen.murphy@bipc.com
Assigned: 10/17/2012 representing BAE Systems Controls Inc.
(Creditor)
Brett H. Myrick
Sidley Austin LLP
One South Dearborn Street
Chicago, IL 60603
312-853-7000
312-853-7036 (fax)
bmyrick@sidley.com
Assigned: 10/17/2012 representing Wanxiang America Corporation and Wanxiang Clean Energy USA Corp.
(Interested Party)
Bruce S. Nathan
Lowenstein Sandler PC
1251 Avenue of the Americas
New York, NY 10020
212-262-6700
973-422-6863 (fax)
bnathan@lowenstein.com
Assigned: 11/02/2012 representing LiFeP04+C Licensing AG
(Creditor)
Sebastian V. Niles
Wachtell Lipton Rosen & Katz
51 West 52nd Street
New York, NY 10019-6150
212-403-1000
212-403-2000 (fax)
svniles@wlrk.com
Assigned: 10/17/2012 representing Johnson Controls, Inc.
(Interested Party)
Michelle G. Novick
Arnstein & Lehr LLP
120 S. Riverside Plaza
Suite 1200
Chicago, IL 60606
312-346-7100
312-876-0288 (fax)
mgnovick@arnstein.com
Assigned: 10/25/2012 representing Electro Wire, Inc.
(Creditor)
Andrew F. O'Neill
Sidley Austin LLP
One South Dearborn Street
Chicago, IL 60603
312-853-7000
312-853-7036 (fax)
aoneill@sidley.com
Assigned: 10/17/2012 representing Wanxiang America Corporation and Wanxiang Clean Energy USA Corp.
(Interested Party)
Laura A. Otenti
Posternak Blankstein & Lund LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-8004
617-973-6100
617-367-2316 (fax)
lotenti@pbl.com
Assigned: 10/31/2012 representing Massachusetts Clean Energy Technology Center
(Creditor)
Ricardo Palacio, Esq
Ashby & Geddes, P. A.
500 Delaware Avenue
8th Floor
Wilmington, DE 19801
302-654-1888
302-654-2067 (fax)
bankruptcy@ashby-geddes.com
Assigned: 10/19/2012 representing Welsh Romulus, LLC, BPE Exchange, LLC, and BPW Exchange, LLC
(Creditor)
Vanessa V. Peck
Goulston & Storrs, P.C.
400 Atlantic Avenue
Boston, MA 02110-3333
617-482-1776
617-574-4112 (fax)
vpeck@goulstonstorrs.com
Assigned: 10/18/2012 representing Boston Properties Limited Partnership
(Creditor)
David P. Primack
McElroy Deutsch Mulvaney & Carpenter LLP
300 Delaware Ave, Suite 770
Wilmington, DE 19801
(302) 300-4512
(302) 654-4031 (fax)
dprimack@mdmc-law.com
Assigned: 10/26/2012 representing The Hanover Insurance Company
(Interested Party)
Adam S. Ravin
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022
212-906-1293
212-751-4864 (fax)
adam.ravin@lw.com
Assigned: 10/18/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Caroline A. Reckler
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022-4834
212-906-1200
212-751-4864 (fax)
caroline.reckler@lw.com
Assigned: 10/18/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Annemarie V. Reilly
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022-4834
212-906-1200
212-751-4864 (fax)
annemarie.reilly@lw.com
Assigned: 10/18/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Todd J. Rosen
Munger Tolles & Olson LLP
355 South Grand Avenue
Los Angeles, CA 90071
213-683-9100
213-683-4022 (fax)
todd.rosen@mto.com
Assigned: 11/02/2012 representing Maxwell Technologies, Inc.
(Interested Party)
Douglas B. Rosner
Goulston & Storrs, P.C.
400 Atlantic Ave.
Boston, MA 02110
617-482-1776
617-576-4290 (fax)
drosner@goulstonstorrs.com
Assigned: 10/18/2012 representing Boston Properties Limited Partnership
(Creditor)
Judith W. Ross
BAKER BOTTS L.L.P.
2001 Ross Avenue
Dallas, TX 75201-2980
214-953-6500
214-661-6503 (fax)
judith.ross@bakerbotts.com
Assigned: 11/07/2012 representing Centre National de la Recherche Scientifique
(Interested Party)
Universite de Montreal
(Interested Party)
Assigned: 11/07/2012 representing Hydro-Quebec
(Interested Party)
Jeffrey N Rothleder
Arent Fox LLP
1050 Connecticut Avenue, N.W.
Washington, DC 20036
202-828-3472
22-857-6395 (fax)
rothleder.jeffrey@arentfox.com;davison.andrea@arentfox.com
Assigned: 11/01/2012 representing Panalpina, Inc.
Arent Fox LLP
c/o Jeffrey N. Rothleder, Esq.
1050 Connecticut Avenue NW
Washington, DC 20036
(Creditor)
Donald E. Rothman
Riemer & Braunstein , LLP
Three Center Plaza
Boston, MA 02108
617-880-3556
617-692-3556 (fax)
drothman@riemerlaw.com
Assigned: 11/02/2012 representing Silicon Valley Bank
(Interested Party)
Daniel A. Rubens
Wachtell Lipton Rosen & Katz
51 West 52nd Street
New York, NY 10019
212-403-1000
212-403-2000 (fax)
darubens@wlrk.com
Assigned: 11/02/2012 representing Johnson Controls, Inc.
(Interested Party)
John Henry Schanne, II
Pepper Hamilton LLP
Hercules Plaza, Suite 5100
1313 Market Street
PO Box 1709
Wilmington, DE 19899-1709
302-777-6502
302-421-8390 (fax)
schannej@pepperlaw.com
Assigned: 10/26/2012 representing Centre National de la Recherche Scientifique
(Interested Party)
Hydro-Quebec
(Interested Party)
LiFePO4+C Licensing AG
(Interested Party)
Universite de Montreal
(Interested Party)
Morgan L. Seward
Young Conaway Stargatt & Taylor, LLP
Rodney Square
1000 North King Street
Wilmington, DE 19801
302-571-6600
bankfilings@ycst.com
Assigned: 10/17/2012 representing Wanxiang America Corporation and Wanxiang Clean Energy USA Corp.
(Interested Party)
Joseph R. Sgroi
Honigman Miller Schwartz & Cohn LLP
2290 First National Bldg.
660 Woodward Avenue
Detroit, MI 48226
313-465-7570
313-465-7571 (fax)
jsgroi@honigman.com
Assigned: 10/18/2012 representing General Motors LLC
c/o Honigman Miller Schwartz and Cohn
660 Woodward Ave
2290 First National Bldg
Detroit, MI 48226
(313) 465-7570
(313) 465-7571 (fax)
jsgroi@honigman.com
(Interested Party)
Joel C. Shapiro
Blank Rome LLP
One Logan Square
130 North 18th Street
Philadelphia, PA 19103-6998
215-569-5746
215-832-5746 (fax)
shapiro-jc@blankrome.com
Assigned: 10/31/2012 representing Siemens Industry, Inc.
(Interested Party)
Drew G. Sloan
Richards Layton & Finger, P.A.
920 North King Street
Wilmington, DE 19801
302-651-7612
302-651-7701 (fax)
dsloan@rlf.com
Assigned: 10/17/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Jennifer E Smith
Benesch,Friedlander,Coplan & Aronoff LLP
222 Delaware Avenue,
Suite 801
Wilmington, DE 19801
302-442-7010
302-442-7012 (fax)
jsmith@beneschlaw.com
Assigned: 10/31/2012 representing Massachusetts Clean Energy Technology Center
(Creditor)
Robert Somma
Posternak Blankstein & Lund LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-9004
617-973-6100
617-367-2315 (fax)
rsomma@pbl.com
Assigned: 10/31/2012 representing Massachusetts Clean Energy Technology Center
(Creditor)
Ronald A Spinner
Miller Canfield Paddock & Stone PLC
150 West Jefferson Avenue,
Suite 2500
Detroit, MI 48226
313-496-7829
313-496-8452 (fax)
spinner@millercanfield.com
Assigned: 10/26/2012 representing Intertek Testing Services N.A., Inc.
(Creditor)
Amanda R. Steele
Richards, Layton and Finger
920 N. King Street
Wilmington, DE 19801
302-651-7838
302-428-7838 (fax)
steele@rlf.com
Assigned: 10/16/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Amanda R. Steele
Richards, Layton and Finger
920 N. King Street
Wilmington, DE 19801
302-651-7838
302-428-7838 (fax)
steele@rlf.com
Assigned: 11/06/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
John Stemplewicz
U. S. Dept. of Justice
P. O. Box 875
Ben Franklin Station
Washington, DC 20044
(202) 307-1104
(202) 305-4933 (fax)
john.stemplewicz@usdoj.gov
Assigned: 10/17/2012 representing UNITED STATES OF AMERICA
(Creditor)
William D. Sullivan
Sullivan Hazeltine Allinson LLC
901 North Market Street, Suite 1300
Wilmington, DE 19801
(302) 428-8191
(302) 428-8195 (fax)
bsullivan@sha-llc.com
Assigned: 10/26/2012 representing Auwahi Wind Energy, LLC
(Creditor)
Marisa A. Terranova
Richards Layton & Finger, P.A.
920 N. King Street
Wilmington, DE 19899
302-651-7811
302-498-7811 (fax)
terranova@rlf.com
Assigned: 10/19/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
James C. Thoman
Hodgson Russ LLP
140 Pearl Street, Suite 100
Buffalo, NY 14202
(716) 856-4000
(716) 849-0349 (fax)
jthoman@hodgsonruss.com
Assigned: 11/02/2012 representing Niagara Thermal Products LLC
(Interested Party)
Chad Joseph Toms
Whiteford Taylor Preston LLC
The Renaissance Centre, Suite 500
405 North King Street
Wilmington, DE 19801
302-357-3253
302-357-3273 (fax)
ctoms@wtplaw.com
Assigned: 10/23/2012 representing Limbach Company LLC
(Interested Party)
Matthew Troy
U.S. Department of Justice
1100 L Street NW
Room 10044
Washington, DC 20005
202-307-0958
Assigned: 10/17/2012 representing UNITED STATES OF AMERICA
(Creditor)
Matthew L. Warren
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022-4834
212-906-1200
212-751-4864 (fax)
matthew.warren@lw.com
Assigned: 10/18/2012 representing A123 Systems, Inc.
200 West Street
Waltham, MA 02451
(Debtor)
Jeffrey R. Waxman
Morris James LLP
500 Delaware Avenue, Suite 1500
P.O. Box 2306
Wilmington, DE 19801
302-888-5842
302-571-1750 (fax)
jwaxman@morrisjames.com
Assigned: 11/02/2012 representing LiFeP04+C Licensing AG
(Creditor)
Austin T. Witt
Wachtell Lipton Rosen & Katz
51 West 52nd Street
New York, NY 10019-6150
212-403-1000
212-403-2000 (fax)
awitt@wlrk.com
Assigned: 10/17/2012 representing Johnson Controls, Inc.
(Interested Party)
William G. Wright
Capehart & Scatchard, P.A.
8000 Midlantic Drive
Suite 300S
Mt. Laurel, NJ 08054
856-914-2045
856-235-2786 (fax)
wwright@capehart.com
Assigned: 11/08/2012 representing Banc of America Leasing & Capital, LLC
(Creditor)
Jennifer L Young
Milberg LLP
One Pennsylvania Plz
49th Floor
New York, NY 10019
646 733 5718
Assigned: 11/07/2012
LEAD ATTORNEY representing Suk Cheung et al
(Interested Party)
Victor W. Zhao
United States Department of Justice
1100 L Street, NW
Washington, DC 20005
202-307-0958
202-514-9163 (fax)
victor.w.zhao@usdoj.gov
Assigned: 10/16/2012 representing UNITED STATES OF AMERICA
(Creditor)
Damn 21 attorneys in the room for a 10 minute hearing. You'd think a majority of these are interested parties and at $60,000 apiece the odds that good that there are fair amount serious bidders involved.
Yeah Vmax ignored
Thanks Reasonable, excellent post about the LoC and great to have you on board. Looking forward to reading your chart analysis!
MJNA: one of the only penny stocks worth a damn.
Why the Caveat Emptor designation?
No one has crystal ball. Just be patient and use opportunity to focus on more important things than money. Yeah it could turn out to be the magic bullet you're looking for but no sense in obsessing about it until at least Dec. 6th. If you're hoping for a pop, then sure maybe it hits higher highs by a couple cents next week.. But probably next week ain't gonna be much different. If you're looking to day trade and it pops while you're reloading do you really want to chase?
Damn so what are we supposed to do if we bought in the 12s? Just sit back and watch them ride the short bus to hell? Audit/Uplisting won't happen until 2013 correct?
Widgetoday, it says it here
Read more: What Happens to Shareholders in a Bankruptcy? | eHow.com http://www.ehow.com/about_7595637_happens-shareholders-bankruptcy.html#ixzz2Coht1OMy
Some things that worry me:
"If there is money left over to pay shareholders, it will not be there right away. Publicly-traded companies tend to be large and complex, and it takes time to liquidate all assets. In addition, money is paid to creditors in the order listed above, from government to common shareholders. Often, those shareholders lucky enough to get some payout will see nothing for over a decade.
And
"Even when there is some equity left over for shareholders, the value of their stocks is severely diluted."
Thoughts?
Read more: What Happens to Shareholders in a Bankruptcy? | eHow.com http://www.ehow.com/about_7595637_happens-shareholders-bankruptcy.html#ixzz2Coht1OMy
Although you do bring up good points with respect to the IP and future contracts, both of these intangibles and hard to appraise. However keep in mind: yet to be awarded federal grant money of $116 million will not be available to foreign companies.
To answer your question, my only motive is to encourage healthy discourse because many here are overly positive yet disillusioned and not even considering the full liabilities. For the record I do hold many shares and am long, but am considering risk of holding through auction. I tend to think shareholders will be left with something. Still, we shouldn't low-ball debt/liabilities of the company!
Lets start with numbers.. Debt is given as $376 million as per August 31 BK filing. Consider that the cash burn rate is $25 million per month as stated by company. So that's $25 million(Sept.) + $25 million (Oct.) + $25 million (Nov.) = $450 million in debt. Now add to this the DIP loan financing of $50 million + 12% interest = $56 million.. KEIP is going to be around $4 million.. That's going to be $510 million in debt so far. As of yet, we haven't even considered court/litigation fees and the pending class action lawsuits against A123 although these are both wildcards but I did read somewhere that A123's legal council are charging over a thousand dollars an hour for their work on the case- you'd think they'd do it on contingency but I digress.
Now consider the scenario where a foreign bidder buys them out and CFIUS mandates repayment to US taxpayers for the $133 million in federal grant money that A123 burned though as per terms of the buyout. All the sudden this is pushes debt/liabilities to $643 million. I tend to feel that this is a real possibility, especially with republican senators putting the heat on Geithner.
Anyway good luck to all and I do hope we at least get decent run up pre auction!
I know someone with whom you should go play a game of horse. You don't mention the value of the future contracts, the patents, the federal grant, etc. This is the leading company is what is going from a 1.5 billion dollar market to 50 billion in the next few years.
Yes, it's rare for a company to emerge from chapter 11 with shareholders intact but A123 has incredible potential for that to be the case.
Also, what motivates you to post here? I own a considerable number of shares so my motive is clear, what's yours? Good Samaritan? -please.
I hope you're right man. I'm long but have lost a lot on this. Its just that I think this could be awash for shareholders. :( I expect liabilities to approach 700 million.
You keep saying more assets than liabilities. That might have been true around August 31 but it is most certainly not true anymore
Not necessarily, you pay what the market bears. Don't get me wrong, I'm long on A123 and would love to see this end well for commons. I'm just a little skeptical. I find most on this board are somewhat delusional about the situation and are thinking its gonna be an easy slam dunk. This could just be fool's gold in the end,
That's a very good question regarding the significant shareholders, I was wondering the same thing. It certainly is another wildcard in the mix. Perhaps that's a question best posed to investor relations.
A billion, that would be nice but what makes you so sure? Have you noticed that Wanxiang are the ONLY bidder on record that is interested in the entire company? Most other bidders are only interested in a specific part. JCI wants the automotive division. NEC wants the grid technology. Siemans isn't stating what they want. If this thing gets sold in parts, where's the guarantee that anyone will match bids with Wanxiang, nope they will of course, pay the smallest amount necessary..
not to mention DIP, KEIP and Court Liabilities? What about if CFIUS mandates a repayment to US taxpayers in the event that a foreign bidder buys em out?
Yahoo only maintains that 400 million estimate because A123 has not officially updated this number since August 31st.
Siemans and/or NEC would also need CFIUS approval. This could mean further delays, and even more debt for A123.
Debt of 375 million was august 31. They burn through 25 million a month to keep company afloat plus the 50 million DIP loan + 12% interest. Not to mention foreign bidders possibly needing to recompense American tax payers if CFIUS wills it... Plus BK court liabilities and KEIP payments. This could easily approach 700 million in debt
Yeah but shorting their own shares to lock in yesterday's profits while changing sides from short to long. Maybe they thought the earnings would be a miss.
Maybe an example of institutions shorting their own shares?
Hey but doesn't the PPS have to be above $1.00 before they are allowed to be listed on NASDAQ?
Hi, what time is earnings reported tomorrow?
Is there any more up to date info than this??? "A123 listed assets of $459.8 million and debt of $376 million as of Aug. 31 in its Chapter 11 petition."
The company has stated it burns through cash at $25 million a month right? Okay so that's $376 million + $25 million (Sept.) + $25 million (Oct.) + $25 (Nov.) + $50 million (DIP) + who knows how much in litigation fees + KEIP payments + any other things I forgot to mention. So that's 500 million in liabilities, and probably closer to 600 million after these variables get factored in. Also, isn't possible that if a foreign company wins the bidding war, they would tack on an extra $119 million for the federal grant money that A123 already burned through in order to repay American taxpayers as "goodwill"? Hey it could happen. You don't what the stipulations will be for a foreign company. Assuming that happens: we need now a bid of $720 million to give value to shareholders!
CFIUS still needs to approve Wanxiang and any other foreign company for that matter (all the heavy hitters in this auction). Nobody ever mentions that, but Siemans/NEC/etc. would all need approval and this could further delay the proceedings and cost A123 more! All of these scenarios assume that the company gets bought in whole. If the company goes in pieces it might further reduce value to shareholders.