News and Insights

Jenner & Block and Novo Advisors Lead Epic! Creations Trustee to Generate Nearly $100 Million in Asset Sales and Successful Resolution of Chapter 11 Cases

Jenner & Block served as lead counsel to Chapter 11 Trustee, Claudia Z. Springer, Principal of Novo Advisors (Novo), in the bankruptcy cases of Epic! Creations, Inc., Neuron Fuel, Inc., and Tangible Play, Inc. Working closely with Novo as the Trustee’s financial advisor, Jenner as main counsel, and a number of other teams, Springer led the Novo team to restore employee confidence, fill gaps in the management team, and ultimately successfully sell the business for more than $97 million in just ov...READ MORE

Puerto Rico Exits Bankruptcy, Solidifying the Protection of Retirees’ Interests

On January 18, 2022, US District Court Judge Laura Taylor Swain confirmed the Plan of Adjustment for the Commonwealth of Puerto Rico in the Commonwealth’s restructuring case under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), ending the largest public-sector restructuring case in US history, and one of the most complex restructuring cases of any kind. The Title III cases of the Commonwealth and affiliated debtors address approximately $80 billion of pu...READ MORE