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On Sept. 15, 2020, Flywheel Sports Inc. and its affiliates filed chapter 7 petitions with the U.S. Bankruptcy Court for the Southern District of New York. Flywheel’s filing continues the trend of gym and personal fitness companies, including venerable national chains Gold’s Gym and 24 Hour Fitness, seeking bankruptcy protection during the COVID-19 pandemic. But while many of its peers are, at least presently, pursuing chapter 11 restructuring plans, Flywheel has ceased its operations entirely and anticipates liquidating its assets.
Matter of Provider Meds L.L.C.[1] involved contract rejection and related issues the Fifth Circuit stated it and most circuits had not previously considered. Tech Pharmacy Services (TPS) held a patent on methods involving remote pharmaceutical dispensing (the IP). The OnSite entities provided dispensing machines for use in health facilities.
