L'Occitane and committee’s plan draws objection from U.S. trustee

By Sarah Lizee

Olympia, Wash., Aug. 17 – L'Occitane, Inc. and its official committee of unsecured creditors’ Chapter 11 plan of reorganization drew an objection on Tuesday from Regions 3 and 9 U.S. trustee Andrew R. Vara, according to a filing with the U.S. Bankruptcy Court for the District of New Jersey.

The U.S. trustee said he objects to several of the provisions in the first amended plan.

Specifically, Vara said the plan inaccurately describes classes of claims as unimpaired, includes overbroad exculpation provisions, impermissible third-party release provisions, and impermissible injunction provisions.

The hearing on final approval of the statement and confirmation of the plan is scheduled for Aug. 24.

L'Occitane is a New York-based retail chain that sells and promotes beauty and well-being products. The company filed bankruptcy on Jan. 26, 2021 under Chapter 11 case number 21-10632.

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