SulmeyerKupetz lawyers have represented a range of technology companies in connection with bankruptcies and reorganizations, business litigation, and transactional matters.
Our attorneys’ work on behalf of technology companies has included the examples below:
- Negotiated and executed plan support agreement and accompanying term sheet with secured lenders on behalf of virtual reality company, following severe impacts on the business due to the COVID-19 pandemic. Successfully guided client through recovery process that included reopening locations, re-hiring employees, restructuring debt and lease obligations, and confirming plan of reorganization. Since company exited Chapter 11, client has secured substantial additional financing and is operating successfully.
- Advised biotechnology start-up on deal structure and terms.
- Drafted amended license for British computer software licensee in the European retail garment computer service industry.
- Restructured debt for technology company through U.S. Bankruptcy Court in Santa Barbara. Converted entity from publicly held to privately held, assisted in obtaining debtor-in-possession and exit financing, and confirmed plan of reorganization.
- On behalf of defense contractor as creditor in Chapter 11 proceedings, successfully brought motions for remand and abstention and for relief from the automatic stay. Following trial, obtained monetary sanctions against debtor, company president, chair of the board, debtor’s counsel, and individual attorneys.
- Following the company’s multi-million-dollar loss in an antitrust suit, proposed plan of reorganization for leading consumer telescope manufacturer on behalf of unsecured creditors’ committee, which was confirmed by the bankruptcy court.
- Represented multiple technology companies in Chapter 11 cases, allowing them to reset their balance sheets and exit Chapter 11 following confirmation of reorganization plans.
- Represented assignees, technology companies, creditors, and buyers in assignments for the benefit of creditors involving sales and wind-downs of technology businesses.