Violin Memory amended plan accepted by majority of voting creditors

By Caroline Salls

Pittsburgh, April 13 – Violin Memory, Inc.’s second amended plan of reorganization was accepted by a majority of voting creditors, according to a ballot report filed April 13 with the U.S. Bankruptcy Court for the District of Delaware.

The plan was accepted by the one holder of $25.87 million in Quantum Partners LP claims, as well as 59 holders, or 96.72% in number, of $110.13 million, or 99.85% in amount, of general unsecured claims.

Meanwhile, two holders, or 3.28% in number, of $160,001, or 0.15% in amount, of the general unsecured claims voted to reject the plan.

The plan confirmation hearing is scheduled for April 18.

Santa Clara, Calif.-based Violin Memory develops and supplies computer data storage products. The company filed for bankruptcy on Dec. 14 under Chapter 11 case number 16-12782.

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