PSZJ Facilitates Successful Auctions of Motocross Apparel Retailer as Committee Counsel

Jeff 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.