PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a diversified holding company reporting recurring losses since 2008. PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water Company, Inc., a securities portfolio and various interests in small businesses. PICO has $662 million in assets and $426 million in shareholder equity. Amundi and River Road Asset Management LLC collectively own more than 16% of PICO. Other activists at http://ReformPICONow.com/ (RPN) have taken to the Internet to advance the shareholder cause.
The Hon. Jerry C. Oldshue Jr. of the U.S. Bankruptcy Court for the Northern District of Florida will hold on April 7, 2017, at 9:30 a.m., Central Time., a hearing to consider the approval of Moulton Properties Holdings, LLC's disclosure statement referring to the Debtor's plan of reorganization.
Metropolitan Industrial Food Services, Inc., filed with the U.S. Bankruptcy Court for the District of Puerto Rico a disclosure statement dated Feb. 27, 2017, referring to the Debtor's plan of reorganization.
Helicraft Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the District of Montana to hire legal counsel in connection with its Chapter 11 case.
Bilton, LLC seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire legal counsel in connection with its Chapter 11 case.
Vince Sullivan, writing for Bankruptcy Law360, reports that the U.S. Bankruptcy Court for the District of Delaware has agreed to grant California Proton Treatment Center, LLC, interim authorization to obtain $32 million in debtor-in-possession financing to be able to continue operations.
The closing of the asset sale contemplated under the Asset Purchase Agreement between Dakota Plains Holdings, Inc. and BioUrja Trading, LLC, occurred on Feb. 28, 2017. The Asset Sale was conducted pursuant to the provisions of Sections 105, 363 and 365 of the Bankruptcy Code and approved by the Court. The Debtors received total consideration of approximately $10.85 million, which was substantially all cash.