David's Bridal (2023)

The firm represents the official committee of unsecured creditors in the chapter 11 bankruptcy of wedding-dress retailer David’s Bridal. The debtor, which first filed for bankruptcy in 2018, filed for bankruptcy protection again in April 2023 due to the post-COVID-19 retail environment, inflation, and competition from online and secondhand retailers. After what seemed to be a full chain liquidation, the firm worked with the hundreds of landlords to reduce their rent structure, which led to a more desirable investment such that Cion Investment Corp. made an offer to purchase the company as a going concern, saving thousands of jobs. In July 2023, the debtor received court authority to sell its business to Cion Investment Corp., keeping 195 stores open, protecting thousands of jobs, and avoiding a total shutdown.

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