{"id":398563,"date":"2020-12-11T23:33:10","date_gmt":"2020-12-12T04:33:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398563"},"modified":"2020-12-11T23:33:10","modified_gmt":"2020-12-12T04:33:10","slug":"the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\/","title":{"rendered":"The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nThe Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan\n<\/p>\n<p>AUSTIN, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe ad hoc group of trade claimants (the \u201cAd Hoc Trade Claimants Group\u201d) of Tuesday Morning Corporation and its affiliated debtors in possession (collectively, the \u201cDebtors\u201d) today announced that its members have reached a consensual agreement with the Debtors to vote in favor of the Plan. The Ad Hoc Trade Claimants Group has agreed to withdraw its previously filed opposition to the Plan and vote in favor of the Debtors\u2019 proposed reorganization plan (the \u201cPlan\u201d). Invictus Global Management LLC (together with its affiliates, \u201cInvictus\u201d) has also agreed to drop its previously announced intended appeal of the court\u2019s December 9, 2020 ruling in light of the resolution that has been reached.\n<\/p>\n<p>\nUnder the terms of the Plan, Class 5 General Unsecured Creditors are positioned to receive full recoveries and post-petition interest. The Ad Hoc Trade Claimants Group believes it is in the best interest of Class 5 General Unsecured Creditors to support the Plan and they and each of their members will also be supporting the Plan. They encourage all Class 5 General Unsecured Creditors to vote in favor of the Plan.\n<\/p>\n<p><b><span class=\"bwuline\">Cautionary Statement<\/span><\/b><\/p>\n<p>\nThis communication and accompanying material are not intended to represent a recommendation or investment advice of any kind. Such content is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational purposes only and, as such, should not be construed as legal or investment advice and\/or a legal opinion.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201211005633r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201211005633\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201211005633\/en\/<\/a><\/span><\/p>\n<p>\nSaratoga Proxy Consulting<br \/>\n<br \/>John Ferguson \/ Joe Mills, 212-257-1311<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jferguson@saratogaproxy.com\">jferguson@saratogaproxy.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:jmills@saratogaproxy.com\">jmills@saratogaproxy.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan AUSTIN, Texas&#8211;(BUSINESS WIRE)&#8211; The ad hoc group of trade claimants (the \u201cAd Hoc Trade Claimants Group\u201d) of Tuesday Morning Corporation and its affiliated debtors in possession (collectively, the \u201cDebtors\u201d) today announced that its members have reached a consensual agreement with the Debtors to vote in favor of the Plan. The Ad Hoc Trade Claimants Group has agreed to withdraw its previously filed opposition to the Plan and vote in favor of the Debtors\u2019 proposed reorganization plan (the \u201cPlan\u201d). Invictus Global Management LLC (together with its affiliates, \u201cInvictus\u201d) has also agreed to drop its previously announced intended appeal of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398563","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan AUSTIN, Texas&#8211;(BUSINESS WIRE)&#8211; The ad hoc group of trade claimants (the \u201cAd Hoc Trade Claimants Group\u201d) of Tuesday Morning Corporation and its affiliated debtors in possession (collectively, the \u201cDebtors\u201d) today announced that its members have reached a consensual agreement with the Debtors to vote in favor of the Plan. The Ad Hoc Trade Claimants Group has agreed to withdraw its previously filed opposition to the Plan and vote in favor of the Debtors\u2019 proposed reorganization plan (the \u201cPlan\u201d). Invictus Global Management LLC (together with its affiliates, \u201cInvictus\u201d) has also agreed to drop its previously announced intended appeal of the &hellip; Continue reading &quot;The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-12T04:33:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201211005633r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan\",\"datePublished\":\"2020-12-12T04:33:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\\\/\"},\"wordCount\":348,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201211005633r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-ad-hoc-group-of-trade-claimants-announces-consensual-agreement-with-tuesday-morning-corporation-to-vote-in-favor-of-the-plan\\\/\",\"name\":\"The Ad Hoc Group of Trade Claimants Announces Consensual Agreement With Tuesday Morning Corporation to Vote in Favor of the Plan - 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