Stream TV Loses District Court Appeal of Chapter 11 Dismissal

Stream TV Networks Inc. failed in its bid to overturn a bankruptcy court’s dismissal of its Chapter 11 case, boosting creditors’ chances of accessing its assets to be repaid.

The order Thursday from Judge Richard G. Andrews of the U.S. District Court for the District of Delaware upholds a bankruptcy court’s determination that the 3-D technology developer filed the Chapter 11 case in “bad faith” to gain the upper hand in a separate court battle.

A group of lenders, including SLS Holdings IV LLC and Hawk Investment Holdings Ltd., already won a preliminary ruling in Delaware’s Chancery Court allowing them ...