Lefever Mattson Bankruptcy

As of October 2, 2024, LeFever Mattson, Inc. (“LeFever Mattson”) and affiliated entities have filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the Bankruptcy Code) in the United States Bankruptcy Court for the Northern District of California.  These related bankruptcy proceedings have been consolidated for procedural purposes to be administered jointly under the lead case, In re LeFever Mattson, a California corporation, et al., Lead Case No. 24-10545 (Bankr. N.D. Cal.).

Separately, on November 22, 2024, LeFever Mattson filed an involuntary bankruptcy petition against Kenneth W. Mattson for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California. On that same day, LeFever Mattson and its affiliate, Windtree, LP, filed an involuntary petition against KS Mattson Partners, LP (“KS Mattson Partners”) for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California. These cases are titled In re Kenneth W. Mattson, Case No. 24-10714 (Bankr. N.D. Cal.), and In re KS Mattson Partners, LP, Case No. 24-10715 (Bankr. N.D. Cal.).  On March 3, 2025, the Bankruptcy Court denied Mattson’s and KS Mattson Partners’ motions to dismiss the involuntary bankruptcy petitions. Discovery has commenced in those cases, and a further status conference has been scheduled for June 2, 2025, at 11:00 a.m. (Pacific).

Information regarding the LeFever Mattson bankruptcy proceedings may be found at this website: https://veritaglobal.net/lm.  Frequently Asked Questions (FAQs) containing information of interest to creditors and investors may be found here: https://www.veritaglobal.net/lm/info/14026. You may subscribe (free of charge) to receive electronic copies of all documents filed in the LeFever Mattson bankruptcy proceedings here: https://veritaglobal.net/lm/docketemailnotification.

The United States Trustee has appointed an Official Committee of Unsecured Creditors (the “Committee”) for the LeFever Mattson bankruptcy proceedings.  Communications to investors and creditors from the Committee can be found here: https://www.veritaglobal.net/lm/info/14065.  If you have any questions regarding the bankruptcy proceedings, please email counsel for the committee LMCommittee@pszjlaw.com.

The Committee is hosting its fourth virtual Town Hall on April 2, 2025 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_osf54igRSV2rfav6Db8JuQ. The purpose of this town hall is (i) for Bradley Sharp of Development Specialists, Inc. (the Debtors’ Chief Restructuring Officer) to share preliminary findings from the forensic analysis, (ii) for PwC US Business Advisory LLP (the Committee’s proposed financial advisor) to provide an overview of its analysis to-date of the proofs of interest and proofs of claim, and (iii) for Greg Gotthardt of FTI Consulting, Inc. (the Debtors’ and Committee’s real estate advisors) to provide an update on the real estate process. At least 48 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. The Town Hall will be recorded and later viewable on the Committee’s website (https://www.veritaglobal.net/lm/info/14065).

The Committee has previously hosted a series of investor town halls via Zoom to discuss the process of completing and submitting Proofs of Interest. The following recordings have been made available through the bankruptcy website. Further information about these town halls will be made available once they are scheduled.

For more information regarding filing a Proof of Interest or Proof of Claim, please check the Committee website (https://www.veritaglobal.net/lm/info/14065) or email counsel for the Committee (LMCommittee@pszjlaw.com).