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KSL Media

The firm is counsel to the chapter 7 trustee of KSL Media (previously represented the creditors' committee in the case). Prior to its downturn, KSL Media was one of the largest independent media buying companies in the country. On behalf of the committee, the firm aggressively questioned the company’s chapter 11 strategy and commenced an investigation of several current and former executives of the company. Following the company’s decision to voluntarily convert its chapter 11 case to one under chapter 7, the firm was retained by the chapter 7 trustee to complete this complex winddown involving nearly 1000 creditors asserting nearly $100 million in claims. As part of the recovery, the trustee has commenced several actions against third parties. Moreover, the firm designed an economical claims-resolution strategy that will shave substantial litigation costs off the total costs of administration for the case. The firm anticipates that creditor recoveries will be substantially increased as a result of these efforts.