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>Return to Main Practice Areas
Middle Market Bankruptcy
Although involved in many large high-profile chapter 11 bankruptcy cases, the firm has an active practice in "middle market" cases. A middle-market company is one that has revenue between $25 and $100 million and debt of $10 to $100 million. The company can either be privately or publicly held. Some examples of our middle-market case involvment:
Gingiss Group
The firm represented Gingiss Group/Gary's Tuxedo's in connection with their chapter 11 bankruptcy cases filed in Delaware bankruptcy court. Gingiss/Gary's operated the only national chain of retail stores specializing in the rental and sale of formalwear with more than 400 stores and annual revenues exceeding $75 million and completed a sale of substantially all of their assets to May Department Stores less than sixty days after the bankruptcy cases were filed.
Health Plan of the Redwoods
The firm represented a not-for-profit health plan with more than 100,000 members in this liquidating chapter 11 case in Northern California. HPR's shut-down, with the firm's assistance, resulted in a seamless transfer of members to other health plans, confirmation of its liquidating plan in only seven months, and distribution of more than 40 cents on the dollar to creditors.
Mercury Plastics
The firm represents the creditors' committee in this chapter 11 case involving a company that manufactures, prints, laminates, and converts plastic-based packaging products for distribution worldwide, largely to food-product processors and manufacturers. Mercury generates annual revenues of approximately $70 million and had approximately $25 million in secured debt and $13 million in unsecured debt. A confirmation hearing is scheduled for the end of January 2006 and it is possible that a competitive auction will result in unsecured creditors receiving payment of 100% of their claims.
Organized Living
The firm represents the creditors' committee in this case involving a specialty retailer of high-quality products desinged to provide storage and organization solutions for home and office needs. The firm pursued various alternatives to a going-out-of-business sale, including pursuing its own contacts to generate interested buyers. The inventory liquidation proved extremely successful. Exclusive of litigation recoveries, general unsecured creditors will still receive a meaningful distribution.
RFB Cellular
We represent chapter 11 debtor RFB, which does business as "Cellular One of Northeast Michigan" and provides wireless telecommunications service to approximately 23,000 customers in multiple markets in
Sega Gameworks
We are counsel to the creditors' committee in the chapter 11 bankruptcy case of Sega Gameworks, currently pending in Los Angeles bankruptcy court. Gameworks was formed in 1986 as a joint venture among SEGA Enterprises, DreamWorks SKG, and Universal Studios, and is headquartered in