CTI Liquidations Co., Inc. — Entry #1117: Motion to Extend Time For Other Reason re:GUC Trustee's Fifth Motion for Entry of an Order Extending the Period Within Which the GUC Trustee May Object to…

Case: CTI Liquidations Co., Inc. njb · 23-14853

filed June 04, 2023

What this document is

Docket entry #1117 · filed September 21, 2026

Motion to Extend Time For Other Reason re:GUC Trustee's Fifth Motion for Entry of an Order Extending the Period Within Which the GUC Trustee May Object to General Unsecured Claims Filed by James S. Carr on behalf of GUC Trustee.. (Attachments: (1) Proposed Order) (Carr, James)

Who is involved

CTI Liquidations Co., Inc.
Official Committee of Unsecured Creditors
U.S. Trustee

Why we have it

We follow this case because it names a company we track, although that company is not a party:

Marathon Digital: its subsidiary “Sullivan Company” appears in a filing in this case.
…Trenton NJ 08625 NJ SULLIVAN COMPANY INC. MICHELLE FRANCIS…
CoreWeave: its name “CoreWeave, Inc.” appears in a filing in this case.
…Nashville TN 37203 CoreWeave, Inc.…

A free copy from the RECAP archive of federal court filings (mirrored at the Internet Archive), retrieved November 04, 2026. Federal court filings are public records.

URL: https://archive.org/download/gov.uscourts.njb.1100014/gov.uscourts.njb.1100014.1117.0.pdf
Kind: court_filing
Publisher: RECAP
Published: 2026-09-21 00:00:00-04:00
Retrieved: 2026-11-04 06:47:47.532844-05:00
HTTP status: 200
MIME: application/pdf
Bytes: 846144
SHA-256: 8e610596e795c572427e0be9c3e8db65f2acbb4132b4e7b5b748af42e091c951

Document text

12 page(s), 23,119 characters, converted from the PDF's text layer · plain text.

Full text

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 1 of 12

UNITED STATES BANKRUPTCY COURT
DISTRICT OF NEW JERSEY
Caption in Compliance with D.N.J. LBR 9004-1(b)

James S. Carr, Esq.
Dana P. Kane, Esq.
KELLEY DRYE & WARREN LLP
7 Giralda Farms, Suite 340
Madison, NJ 07940
Telephone: (973) 503-5900
Facsimile: (973) 503-5950
jcarr@kelleydrye.com
dkane@kelleydrye.com

and

Robert J. Feinstein, Esq.
Bradford J. Sandler, Esq.
Jason S. Pomerantz, Esq.
PACHULSKI STANG ZIEHL & JONES LLP
1700 Broadway, 36th Floor
New York, NY 10019
Telephone: (212) 561-7700
Facsimile: (212) 561-7777
rfeinstein@pszjlaw.com
bsandler@pszjlaw.com
jspomerantz@pszjlaw.com

Counsel for GUC Trustee

In re: Chapter 11

CTI Liquidation Co., Inc. Case No. 23-14853 (TBA)

Post-Effective Date Debtor. (Jointly Administered)

NOTICE OF GUC TRUSTEE’S FIFTH MOTION FOR ENTRY OF
AN ORDER EXTENDING THE PERIOD WITHIN WHICH THE
GUC TRUSTEE MAY OBJECT TO GENERAL UNSECURED CLAIMS

PLEASE TAKE NOTICE that on October 13, 2026 (Eastern Time) or as soon

thereafter as counsel may be heard, META Advisors LLC, in its capacity as GUC Trustee (the

“GUC Trustee”) of the Cyxtera GUC Trust established in the chapter 11 cases of the above-

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 2 of 12

captioned debtors (collectively, the “Debtors”), shall move for the entry of an order extending

the period within which the GUC Trustee may object to general unsecured claims (the

“Motion”), from October 2, 2026 through and including April 30, 2027, before the Honorable

Stacey L. Meisel, United States Bankruptcy Judge, United States Bankruptcy Court for the

District of New Jersey, Courtroom 3A, 50 Walnut Street, 3rd Floor, Newark, NJ 07102.

PLEASE TAKE FURTHER NOTICE that the Motion sets forth the relevant factual

bases upon which the relief requested should be granted. A proposed Order granting the relief

requested in the Motion is also submitted herewith.

PLEASE TAKE FURTHER NOTICE that objections, if any, to the relief requested in

the Motion shall: (i) be in writing, (ii) state with particularity the basis of the objection, and

(iii) be filed with the Clerk of the United States Bankruptcy Court electronically by attorneys

who regularly practice before the Bankruptcy Court in accordance with the General Order

Regarding Electronic Means for Filing, Signing, and Verification of Documents dated March 27,

2002 (the “General Order”) and the Commentary Supplementing Administrative Procedures

dated as of March 2004 (the “Supplemental Commentary”) (the General Order, the Supplemental

Commentary and the User’s Manual for the Electronic Case Filing System can be found at

www.njb.uscourts.gov, the official website for the Bankruptcy Court) and, by all other parties-in-

interest, on CD-ROM in Portable Document Format (PDF), and shall be served in accordance

with the General Order and the Supplemental Commentary, so as to be received no later than

seven (7) days before the hearing date set forth above.

PLEASE TAKE FURTHER NOTICE that copies of all documents filed in these

chapter 11 cases may be obtained free of charge by visiting the website of Verita Global at

https://www.veritaglobal.net/cyxtera. You may also obtain copies of any pleadings by visiting

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 3 of 12

the Court’s website at https://www.njb.uscourts.gov in accordance with the procedures and fees

set forth therein.

PLEASE TAKE FURTHER NOTICE that unless objections are timely filed and

served, the Motion shall be decided on the papers in accordance with D.N.J. LBR 9013-3(d), and

the relief requested may be granted without further notice or hearing.

Dated: September 21, 2026 KELLEY DRYE & WARREN LLP

/s/ Dana P. Kane
James S. Carr, Esq.
Dana P. Kane, Esq.
7 Giralda Farms, Suite 340
Madison, NJ 07940
Telephone: (973) 503-5900
Facsimile: (973) 503-5950
jcarr@kelleydrye.com
dkane@kelleydrye.com

and

Counsel to the GUC Trustee

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 4 of 12

UNITED STATES BANKRUPTCY COURT
DISTRICT OF NEW JERSEY
Caption in Compliance with D.N.J. LBR 9004-1(b)

and
Robert J. Feinstein, Esq.
Bradford J. Sandler, Esq.
Jason S. Pomerantz, Esq.
PACHULSKI STANG ZIEHL & JONES LLP
1700 Broadway, 36th Floor
New York, NY 10019
Telephone: (212) 561-7700
Facsimile: (212) 561-7777
rfeinstein@pszjlaw.com
bsandler@pszjlaw.com
jspomerantz@pszjlaw.com

Counsel for GUC Trustee

In re: Chapter 11

CTI Liquidation Co., Inc. Case No. 23-14853 (TBA)

Post-Effective Date Debtor. Hearing Date: October 13, 2026
Time: 10:00 a.m. (ET)
Response Deadline: October 6, 2026

GUC TRUSTEE’S FIFTH MOTION FOR ENTRY OF AN ORDER
EXTENDING THE PERIOD WITHIN WHICH THE LIQUIDATING
TRUSTEE MAY OBJECT TO GENERAL UNSECURED CLAIMS

META Advisors LLC, in its capacity as GUC Trustee (the “GUC Trustee”) of the

Cyxtera GUC Trust (the “Trust”) established in connection with the chapter 11 cases of Cyxtera

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 5 of 12

Technologies, Inc. and its affiliated post-effective date debtors (collectively, the “Debtors”), by

and through its undersigned counsel, hereby moves this Court (the “Motion”) for the entry of an

order pursuant to section 105(a) of Title 11 of the United States Code (the “Bankruptcy Code”),

Rule 9006 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), and Rule

3007-1 of the Local Rules of the United States Bankruptcy Court District of New Jersey (the

“Local Rules”), extending the period within which the GUC Trustee may object to General

Unsecured Claims (as defined in the Plan, defined below) filed against the Debtors’ estates by

210 days, to and including the later of (a) April 30, 2027, and (b) 180 days following the date

that a proof of Claim asserting a General Unsecured Claim is filed or amended. In support of this

Motion, the GUC Trustee respectfully represents as follows:

Jurisdiction

1. The Court has jurisdiction over this matter under 28 U.S.C. § 1334. This is a core

proceeding within the meaning of 28 U.S.C. §§ 157(b)(2). Venue of this chapter 11 case in this

district is proper under 28 U.S.C. §§ 1408 and 1409.

2. The statutory predicates for the relief requested are Bankruptcy Rule 9006(b)(1)

and D.N.J. LBR 3007-1.

Background

A. General Background

3. On June 4, 2023 (the “Petition Date”), each of the Debtors filed a voluntary

petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the

District of New Jersey commencing these Cases.

4. On November 17, 2023, the Court entered its Findings of Fact, Conclusions of

Law, and Order Confirming the Fifth Amended Joint Plan of Reorganization of Cyxtera

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 6 of 12

Technologies, Inc. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code

[Docket No. 718] confirming the Fifth Amended Joint Plan of Reorganization of Cyxtera

Technologies, Inc. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code

[Docket No. 694] (the “Plan”).

5. On January 12, 2024, the Effective Date of the Plan occurred. See Notice of

(A) Entry of the Order Confirming Fifth Amended Joint Plan of Reorganization of Cyxtera

Technologies, Inc. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code and

(B) Occurrence of Effective Date [Docket No. 855] (the “Effective Date Notice).

B. Appointment, Rights, Powers and Duties of the Trustee

6. Pursuant to the Plan, the GUC Trustee was appointed pursuant to the terms of the

GUC Trust Agreement on the Effective Date and is responsible for, among other things, “ . . .

(solely with respect to the General Unsecured Claims),. . . . and, in the event of a Sale

Transaction, with the consent of the Purchaser solely to the extent that such Claim or Interest are

transferred to the Purchaser pursuant to the Purchase Agreement, shall have the sole authority:

(i) to File, withdraw, or litigate to judgment, objections to Claims or Interests; (ii) to settle or

compromise any Disputed Claim or Interest without any further notice to or action, order, or

approval by the Bankruptcy Court; and (iii) to administer and adjust the Claims Register to

reflect any such settlements or compromises without any further notice to or action, order, or

approval by the Bankruptcy Court” See Plan at § VII.D.

C. The Bar Dates

7. On July 10, 2023, each of the Debtors filed their respective schedules of assets

and liabilities (as amended from time to time, the “Schedules”) pursuant to Bankruptcy Rule

1007.

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 7 of 12

8. On July 19, 2023, the Court entered an order [Docket No. 298] establishing

certain dates and deadlines for filing Proofs of Claim in these chapter 11 cases. Specifically,

among other things, the Court established August 15, 2023 (the “General Claims Bar Date”) as

the deadline for all persons and entities asserting a Claim (as defined in section 101(5) of the

Bankruptcy Code) against the Debtors that arose on or prior to the Petition Date, including

claims pursuant to section 503(b)(9) of the Bankruptcy Code, and December 1, 2023 (the

“Governmental Claims Bar Date”) as the deadline for all governmental agencies, to file written

proof of such claim.

9. D.N.J. LBR 3007-1 provides in relevant part:

“(b) Time for Filing. A motion or adversary proceeding
objecting to a claim must be filed by the later of:

(1) 60 days after the entry of the order confirming
plan; or

(2) 60 days after the claim is filed or amended.

(c) Extension. A request for an extension of the time to
object to the allowance of a claim must be brought by
motion filed before the expiration of the time to object.”

D.N.J. LBR 3007-1.

10. The initial deadline for the GUC Trustee to object to General Unsecured Claims

(the “Claims Objection Deadline”) pursuant to the Local Rules was July 10, 2024. See Plan

§ I.A.31.

11. Pursuant to cumulative extensions granted by this Court, the current Claims

Objection Deadline is October 2, 2026. See Docket No. 1101.

D. The Claims Reconciliation Process

12. Since the Effective Date, the GUC Trustee and its counsel and advisors, among

other things, have been in the process of reviewing and reconciling claims filed against the

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 8 of 12

Debtors in these chapter 11 cases. In connection therewith, the GUC Trustee is in the process of

analyzing the claims for which it is responsible for reconciling and resolving. For these reasons,

the GUC Trustee submits that it is both necessary and appropriate to extend the Claims

Objection Deadline.

13. To date, 551 Proofs of Claim have been filed against the Debtors. Of these, over

380 Proofs of Claim assert or asserted General Unsecured Claims in the aggregate approximate

amount of $307 million, plus unliquidated amounts. In addition, the Debtors’ Schedules of

Assets and Liabilities reflect approximately 400 non-zero General Unsecured Claims in the

aggregate approximate amount of nearly $1.25 million.

14. To date, the GUC Trustee has filed eight omnibus objections addressing over 440

filed and scheduled General Unsecured Claims, with the resulting orders reducing the unsecured

claims pool by over $386 million, plus the elimination of unliquidated amounts. 1

15. In addition to the foregoing objections, the GUC Trustee has negotiated

consensual resolutions of various disputed claims without the need for litigation, and identified

numerous claims that will be allowed without objection. At this time, the GUC Trustee

estimates that there are fewer than 50 General Unsecured Claims that remain to be reviewed and

reconciled.

Relief Requested

16. As stated above, the current Claims Objection Deadline is October 2, 2026. By

this Motion and pursuant to Bankruptcy Rule 9006(b)(1) and D.N.J. LBR 3007-1(c), the GUC

Trustee seeks an extension of the Claims Objection Deadline for 210 days through and including

the later of: (a) April 30, 2027, or (b) one hundred eighty (180) days following the date that a

proof of Claim asserting a General Unsecured Claim is filed or amended.

1
Docket Nos. 1018, 1035, 1068, 1076, 1077, 1078, 1100 and 1107.

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 9 of 12

17. The GUC Trustee further requests that the order approving this Motion be without

prejudice to the rights of the GUC Trustee to seek further extension or extensions of the Claims

Objection Deadline.

Basis for Relief

18. The Plan vests the discretion to object to claims in the GUC Trustee. See Plan

§ VII.D.

19. Section 105(a) of the Bankruptcy Code provides that “the court may issue any

order, process, or judgment that is necessary or appropriate to carry out the provisions of this

title.” 11 U.S.C. § 105(a). Furthermore, nothing in the Bankruptcy Code may be construed to

preclude the Court from “taking any action or making any determination necessary or

appropriate to enforce or implement court orders or rules, or to prevent an abuse of process.” Id.

20. Bankruptcy Rule 9006(b) also makes clear that the Court may extend unexpired

time periods without notice. Specifically, Rule 9006(b) states in relevant part that:

“(1) In General . . . when an act is required or allowed to be done
at or within a specified period by [the Bankruptcy Rules] or by a
notice given thereunder or by order of court, the court for cause
shown may at any time in its discretion . . . with or without motion
or notice order the period enlarged if the request therefor is made
before the expiration of the period originally prescribed or as
extended by a previous order . . .”

Fed. R. Bankr. P. 9006(b)(1). The Claims Objection Deadline has not yet expired, and

accordingly, the Court is authorized to grant the relief requested herein.

21. To date, the GUC Trustee has addressed the vast majority of the filed and

scheduled General Unsecured Claims in these chapter 11 cases. Despite the progress made to

date, there are additional General Unsecured Claims that still require additional review and

analysis. The GUC Trustee requires additional time to review and determine which claims are

valid in light of various factors.

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 10 of 12

22. Accordingly, the GUC Trustee seeks additional time to review and analyze the

remaining unresolved General Unsecured Claims to determine whether objections (or other

actions) are appropriate. The GUC Trustee submits that extending the Claims Objection

Deadline is in the best interests of all stakeholders. The extension sought will afford the GUC

Trustee and its professionals an opportunity to make more fully informed decisions concerning

the resolution of pending claims in the interests of ensuring ratable distributions among and

maximizing value for legitimate creditors.

23. Furthermore, extension of the Claims Objection Deadline is not sought coercively

for purposes of delay, nor will it affect or prejudice any claimant’s substantive defense(s) to any

objection. Rather, the extension is intended to promote the efficient administration of these cases

and the claims allowance process. Absent the requested extension of the Claims Objection

Deadline, the GUC Trustee will either be precluded from challenging invalid, misclassified,

and/or overstated General Unsecured Claims, or it will be forced to file hastily prepared

protective objections without the benefit of a full review and analysis and incur the cost of doing

so.

24. For the reasons set forth above, the GUC Trustee submits that extending the

Claims Objection Deadline through and including the later of (a) April 30, 2027, or (b) 180 days

following the date that a proof of Claim asserting a General Unsecured Claim is filed or

amended, among other actions, is necessary, prudent, and in the best interests of all stakeholders.

This is the Fifth requested extension.

Reservation of Rights

25. The GUC Trustee hereby reserves the right to seek further extension or extensions

of the Claims Objection Deadline.

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 11 of 12

Notice

26. Notice of this Motion has been provided to the following parties, or their counsel,

if known: (a) the Office of the United States Trustee; and (b) all parties that have filed a request

for service of papers under Bankruptcy Rule 2002. The GUC Trustee respectfully submits that

such notice is sufficient under the circumstances.

Case 23-14853-TBA Doc 1117 Filed 09/21/26 Entered 09/21/26 14:32:42 Desc Main
Document Page 12 of 12

WHEREFORE, the GUC Trustee respectfully requests that the Court enter the

Proposed Order, extending the Claims Objection Deadline as requested herein, and such other

and further relief as is just and proper.

Dated: September 21, 2026 KELLEY DRYE & WARREN LLP

/s/ Dana P. Kane
James S. Carr, Esq.
Dana P. Kane, Esq.
7 Giralda Farms, Suite 340
Madison, NJ 07940
Telephone: (973) 503-5900
Facsimile: (973) 503-5950
jcarr@kelleydrye.com
dkane@kelleydrye.com

and

Counsel to the GUC Trustee