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Mega Brands

The firm represented the jointly administered chapter 15 debtors of Mega Brands Inc. as Delaware counsel. Mega Brands, a Canadian corporation headquartered in Montréal, is the parent corporation of a global enterprise with a family of leading brands in construction toys, games, puzzles, arts, crafts, and stationery. Mega Brands and certain other subsidiaries and affiliates commenced a proceeding in Canada to implement a balance-sheet restructuring of its funded debt obligations and to reposition the Company for a return to profitability. To protect the Company from actions in the U.S., and to ensure recognition and enforcement in the U.S. of various orders entered by Canadian court in connection with the restructuring, Mega Brands filed the chapter 15 cases in the US, and the bankruptcy court entered an order recognizing the foreign proceeding and enforcing the orders entered by the Canadian court in the Mega Brands cases.

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