Imperial Toy

Representation of the creditors’ committee in the fast-moving chapter 11 case of Imperial Toy in the Northern District of California, in which issues involving the post-closing involvement of insiders subject to substantial clawback claims needed to be addressed and reserved. The case has since converted to chapter 7, where the claims against insiders were pursued as a result of the committee’s focus on this valuable asset that was not subject to any lenders’ liens.