UNITED STATES DISTRICT COURT 

SOUTHERN DISTRICT OF OHIO 

EASTERN DIVISION 

COLT’S MANUFACTURING COMPANY 

LLC, 

Plaintiff, 

Case No. 2:18-cv-247 

v. Judge George C. Smith 

Magistrate Judge Chelsey M. Vascura 

ACUSPORT CORPORATION, 

Defendant. 

STATUS REPORT AS RELATED TO BANKRUPTCY PROCEEDING 

Colt’s Manufacturing Company LLC, by and through counsel, hereby submits its status 

report regarding the AcuSport Corporation n/k/a ASPC Corp. (“ASPC”) bankruptcy proceeding 

in the United States Bankruptcy Court for the Southern District of Ohio (“Bankruptcy Court”) on 

May 1, 2018. The bankruptcy case was assigned Case No. 2:18-bk-52736. 

On January 28, 2019, an Order Confirming an Agreed First Amended Plan of Liquidation 

of Debtor and Official Committee of Unsecured Creditors ("First Amended Plan”) was entered 

by United States Bankruptcy Court for the Southern District of Ohio. Pursuant to the Order 

Confirming Agreed First Amended Plan of Liquidation. Pursuant to this First Amended Plan, the 

Bankruptcy Court approved a creditor trust agreement and the appointment of Lawrence V. 

Goddard of BDO USA, LLP, as creditor trustee. Pursuant to the First Amended Plan, the 

effective date of the plan was April 1, 2019. Further dates as related to rejection damage claims 

and professional fee claims were subsequently scheduled. ASPC is required to file transmittal of 

quarterly post-confirmation reports. The transmittal of quarterly post-confirmation report for the 

quarter ending September 30, 2019 was filed on October 29, 2019. ASPC is in the process of 

making payments to professionals, negotiating with creditors whose claims are the subject of the 

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first and second omnibus objections to claims, which does not include Colt’s Manufacturing 

Company LLC. ASPC further reported that it is in the process of conducting additional claims 

reconciliation activities; advancing pending litigation against Smith & Wesson, including initial 

settlement discussions; and investigating and preparing additional avoidance actions for filing. 

Further, the creditor trustee has reported that he is making initial preparations for first 

distribution to holders of allowed general unsecured claims. 

Based upon the continuing quarterly post confirmation report status updates, it is 

expected that a first distribution to creditors will be prepared by the creditor trustee. Based upon 

the post-confirmation status reports being filed in the bankruptcy proceeding and this Status 

Report, the undersigned hereby requests that this action continue to be stayed and that the 

plaintiff be required to make a further status report to this Court on or before April 15, 2020 

and/or to dismiss this action pursuant to the bankruptcy proceedings and the payment of allowed 

unsecured creditors within the bankruptcy action. 

Respectfully submitted, 

/s/ Brenda K. Bowers 

William D. Kloss, Jr., Trial Attorney (0040854) 

Brenda K. Bowers (0046799) 

Vorys, Sater, Seymour and Pease LLP 

52 East Gay Street 

P.O. Box 1008 

Columbus, OH 43216-1008 

Telephone: (614) 464-6290 

Facsimile: (614) 719-5001 

E-Mail: wdklossjr@vorys.com 

E-Mail: bkbowers@vorys.com 

Attorneys for Plaintiff, 

Colt’s Manufacturing Company LLC 

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3 

CERTIFICATE OF SERVICE

I hereby certify that a true and accurate copy of this Status Report was served on 

November 21, 2019 via regular U.S. Mail, postage prepaid, upon the following: 

Thomas R. Allen 

Allen Stovall Neuman Fisher & Ashton LLP 

17 South High Street 

Suite 1220 

Columbus, OH 43215 

Counsel for AcuSport Corporation n/k/a ASPC Corp. 

and 

Jason J. DeJonker 

Bryan Cave Leighton Paisner LLP 

161 North Clark Street, Suite 4300 

Chicago, IL 60601 

Counsel for AcuSport Corporation n/k/a ASPC Corp. 

/s/ Brenda K. Bowers 

William D. Kloss, Jr., Trial Attorney (0040854) 

Brenda K. Bowers (0046799) 

11/21/2019 34695343 

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