Candescent Technologies

Representation of display-technology venture Candescent Technologies and its Bermuda subsidiary in U.S. chapter 11 bankruptcy cases in the Silicon Valley. The companies had spent $650 million to develop one of the largest intellectual property portfolios in the field-emission display-technology industry, and had public debt of over $350 million. The firm coordinated U.S. and Bermuda insolvency proceedings and assisted the companies in selling the stock of the bankruptcy remote company without triggering defaults, maintained the patents and prosecution of patents applications pending sale, and arranged and consummated a sale to Canon Inc.