
PSZJ Facilitates Successful Auctions of Motocross Apparel Retailer as Committee Counsel
July 1, 2011Jeff Pomerantz and Jeffrey Dulberg represented creditors’ committees in two of three chapter 11 cases filed by No Fear, a popular motocross apparel retailer based in Carlsbad, California. After being appointed committee counsel, the firm worked diligently to preserve the company’s going-concern business by facilitating debtor-in-possession financing and rationalizing the company’s operations. The firm played a key role in conducting two extremely successful auctions in July; one for nearly $11 million of intellectual property, and a second for the ongoing retail operations. The two auctions ensured that No Fear’s unsecured creditors would receive a distribution and have a trading partner going forward from the salvaged retail operations.
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