Legal & Courts  December 29, 2022

Clovis files to abandon leases in California

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BOULDER and WILMINGTON, Delaware — Clovis Oncology Inc., (Nasdaq: CLVS) the Boulder-based drug developer that defaulted on a loan and was forced to file for protection under Chapter 11 bankruptcy, has petitioned the court to permit it to shed leases on real estate that it no longer needs for its operation.

The action, filed Wednesday in federal bankruptcy court in Delaware, asked that affected parties file objections by Jan. 4, 2023, but that the abandonment be permitted to occur as of the filing date of Dec. 28.

None of the leases involved are Colorado-based. Instead, Clovis would like to end leases…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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