Law firm Kirkland conflicted in Invitae bankruptcy, DOJ watchdog says [Reuters]
Invitae Corporation (NVTA)
Last invitae corporation earnings: 2/19 04:05 pm
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Source: Reuters
to hire Kirkland & Ellis as bankruptcy counsel because of the law firm's work for one of Invitae's lenders. The Office of the U.S. Trustee, a part of the DOJ that oversees the administration of bankruptcies, said in a court filing New Tab , opens new tab that Kirkland has a conflict of interest because one of its current clients is private equity firm Deerfield Partners, which is Invitae's top lender and the "main beneficiary" of a 2023 debt restructuring that placed Deerfield at the front of the line for repayment in Invitae's bankruptcy. Kirkland, which has said it represents Deerfield in matters "unrelated" to Invitae's bankruptcy, did not represent Invitae at the time of the debt transaction. Deerfield is represented by separate counsel in Invitae's bankruptcy case. But the U.S. Trustee argued that Kirkland could not concurrently represent Invitae while Deerfield was its client. "The fact that K&E represents Deerfield in unrelated matters does not change the existence of
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NVTA
News
- Invitae gets court approval for five-month bankruptcy sale [Reuters]Reuters
- Invitae gets court approval for five-month bankruptcy sale [Yahoo! Finance]Yahoo! Finance
- Genetic Testing Firm Invitae, Backed by SoftBank and Cathie Wood, Files for Chapter 11 [Yahoo! Finance]Yahoo! Finance
- Invitae files for Chapter 11 bankruptcy to address huge debt load [Seeking Alpha]Seeking Alpha
- Genetic test maker Invitae files for bankruptcy protection in US [Reuters]Reuters
NVTA
Earnings
- 11/8/23 - Miss
NVTA
Sec Filings
- 2/14/24 - Form 8-K
- 2/13/24 - Form SC
- 2/13/24 - Form SC
- NVTA's page on the SEC website