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4Kids Named One of 2012’s Most Successful Restructurings

January 28, 2013

Turnarounds & Workouts selected Kaye Scholer’s representation of 4Kids Entertainment, Inc. and its affiliates as one of its most Successful Restructurings for 2012. The publication summarized the firm’s engagement as follows:

“A favorable court ruling enabled debtor to retain and then sell a valuable license and receive a sizable settlement with licensors. Plan of reorganization paid all creditors in full, kept existing shareholders in place, and allowed 4Kids to reorganize around its remaining licenses as well as expand into a new business, the sports licensing segment. 4Kids’ shareholders were the only class entitled to vote on the plan and approved the reorganization overwhelmingly – affirmative votes were received from 99.9% of the almost 7 million shares that were voted.” (January 2013)

The Kaye Scholer team consisted of D. Tyler Nurnberg (Partner-Bankruptcy), Matthew J. Micheli (Counsel-Bankruptcy), Paul C. Llewellyn (Partner-Litigation), Rory A. Greiss (Partner-Corporate), and Fredric W Yerman (Special Counsel-Litigation).

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