Counsel to Chapter 11 Debtor
Our attorneys represented 4Kids in its successful Chapter 11 (SDNY). 4Kids was an entertainment and media company that managed licensing, broadcast and merchandising rights to popular children’s titles. The case was recognized as one of T&W’s “Most Successful Restructurings of the Year” in 2012. While in bankruptcy, 4Kids prevailed in a “bet-the-company” litigation brought by a group of licensors that sought to terminate 4Kids’ most valuable license. 4Kids subsequently negotiated a favorable settlement of remaining litigation claims; conducted an auction through which it sold the license and other operating assets to two separate buyers in a unique joint transaction; and confirmed a plan of reorganization that paid creditors in full, preserved significant NOLs and reorganized the company around its sports licensing business.