E-Commerce Plan Administrator Asks Court to Dismiss Bankruptcy

An administrator overseeing Nogin Inc.'s wind-down said the e-commerce company’s bankruptcy needs to be dismissed following “unexpected developments” that have depleted funds available to pay lawyers and claims.

The business had a “modest” $500,000 wind-down budget and limited work that needed to be completed, but “things didn’t go as expected,” and a reorganized entity ended up in a separate, involuntary liquidation earlier this year, the plan administrator said in a Monday filing in the US Bankruptcy Court for the District of Delaware.

Nogin gained court approval of its bankruptcy plan in 2024, selling itself to a B. Riley Financial unit, ...