General Media

Representation of the renowned publisher of Penthouse Magazine, now known as Penthouse Media Group, in its chapter 11 case in the Southern District of New York. Penthouse Media is also engaged in internet, entertainment, and trademark licensing businesses. Turnarounds & Workouts listed this case as one of the most successful restructurings of 2004. Under the plan, unsecured creditors received cash and notes representing full payment of their claims.