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Trident Microsystems

The firm represented the creditors' committee in the chapter 11 case of Trident Microsystems (Far East) Ltd. Trident designs, develops, and markets integrated circuits and related software for processing, displaying, and transmitting high quality audio, graphics, and images in-home consumer electronics applications such as digital TVs, PC-TV, analog TVs, and set-top boxes. Through the firm, the committee played an integral role in negotiating the terms and condition of four stand-alone sales. Subsequently, the chapter 11 case was confirmed through a plan of liquidation where the Firm successfully negotiated a fixed 90% recovery for general unsecured creditors. 2013 M&A Advisor Turnaround Awards: winner, distressed M&A deal of the year $25m-$100m; finalist, technology, media telecom.