New Delaware Chapter 11 Filing – Tintri, Inc.
Tintri, Inc., a Mountain View, California-based enterprise cloud storage company, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-11625). According to the First Day Declaration, Tintri was founded in 2008 and serves customers in a variety of industries, including leaders such as Avaya, Comcast, SONY, Toyota, Chevron, NASA, and AMD. The Debtor has been engaged in pre-petition marketing efforts and intends to sell its assets as a going concern through the bankruptcy process. The Debtor is also seeking the approval of debtor-in-possession financing in a maximum aggregate amount of $5.5MM. No judge has been assigned to this case at the time of publication.
Contact Norman L. Pernick or G. David Dean for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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