Medley Management Inc. (MDLM)

[56Chevy]

Court Doc #0426

3. The Plan Proponents received only two objections to the Third Amended Plan prior to the Objection Deadline: (i) the Office of the United States Trustee (the “UST”) and (ii) the United States Securities and Exchange Commission (the “SEC”).

4. On October 5 and 6, 2021, the Court heard evidence and oral argument with respect to the Third Amended Plan and the objections thereto, and on October 7, 2021, the Court issued its ruling, which approved the disclosure statement on a final basis and confirmed the Third Amended Plan, subject to certain modifications.

5. The Plan Proponents, consistent with the Court’s ruling, have modified the Third Amended Plan, which is being filed contemporaneously herewith (the “Modified Plan”), and a
blackline reflecting the changes from the Third Amended Plan. Further, the Plan Proponents modified the proposed confirmation order (the “Confirmation Order”). These modifications were intended to address the issues raised by the Court in its ruling at the October 7, 2021 hearing.
6. The Plan Proponents circulated the Modified Plan and the Confirmation Order and blacklines of each to the UST and the SEC. The UST had no opposition to the Modified Plan or
the Proposed Order. The SEC provided the Plan Proponent with certain comments, substantially all of which have been incorporated into the Modified Plan and/or the Proposed Order, the one exception being a requested waiver of the Debtor’s reservation of rights with respect to, among
other things, privilege and confidentiality.

Court Doc #0426-1

FINDINGS OF FACT,CONCLUSIONS OF LAW, AND ORDER (I) APPROVING THE ADEQUACY OF DISCLOSURES ON A FINAL BASIS AND (II) CONFIRMING THE MODIFIED THIRD AMENDED COMBINED DISCLOSURE STATEMENT AND CHAPTER 11 PLAN OF MEDLEY LLC

Source:

https://www.kccllc.net/medley/document/list/5510

*this had to take quite an effort to put together the Plan and then overcome the objections and get this case to this point in such a short time.