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Adara Enterprises Corp. Bankruptcy Case

Adara Enterprises Corp.

Prepackaged

Case No. 21-10736·Delaware·Petition date Apr 22, 2021

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OverviewProfessionals

Key professionals

Bankruptcy Counsel

Gellert Scali Busenkell & Brown, LLC

Bankruptcy Counsel

Loeb & Loeb LLP

Claims and Noticing Agent

Donlin Recano & Company

Judge: J. Kate Stickles
Petition assets: $1M–$10M
Petition liabilities: $1M–$10M
Industry: Financial Services

Adara Enterprises Corp. is a New York-based asset management firm headquartered at 411 E 57th Street. Established in 2017 as a subsidiary of GlassBridge Enterprises Inc., the company focuses on quantitative trading strategies. Its primary asset is a sophisticated quantitative trading software platform originally developed by Clinton Group, Inc. over a 10-15 year period, which has historically supported trades exceeding $50 billion. The company maintains a lean operational structure, currently employing four full-time salaried staff members.

Case background, summaries, and key terms are generated from the filings on this docket. Docket entries and documents come from the court.

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