Appointed Sua Sponte as Receiver in Delaware Chancery Court. Then served as Responsible Party through Chapter 11 that raised cash through asset sales, avoided preferences and fraudulent transfers, and settled D&O claims resulting in approximately $5mm gross proceeds.
Learn more »Force 10 Industries
Technology
Growth stories in the tech sector are rarely matched elsewhere; therefore, its assets and services are often valued at the highest multiples. When distress wipes out that premium, we know how to get it back.
The technology industry’s unique focus on innovation means there is constant pressure to disrupt and reinvent every segment of the economy. That can create tremendous value but can also devastate a previous success story. Force 10’s unmatched expertise in the tech sector is informed by our extensive use of technology in restructurings across all industries. We are able to ferret out underlying, key value drivers to tell a compelling story that helps distressed tech firms reposition for the future.
Sub-sectors
- Software and services
- Hardware and equipment
- Semiconductors and equipment
- Intellectual property
Technology Engagements
Financial Advisor to the Debtor. 363 Sale to lender and strategic partner - Gunthy-Renker.
Learn more »
Sold patent portfolio of this non-operating business for Chapter 7 Trustee.
Learn more »
Served as Expert Witness to determine valuation, solvency, and damages. Prevailed over plaintiff's demands and damages position.
Learn more »
Represented Foxconn, the largest claimant and supplier, with respect to the Chapter 11 bankruptcy of Fuhu. Assisted in settling cross-claims and reduced Foxconn's potential exposure.
Learn more »
Provided valuation and sale feasibility testimony that resulted in removing state court Receiver. Then conducted a 363 sale that resulted in ending shareholder dispute, all creditors paid in full, and a return to equity.
Learn more »
Served as CRO and financial advisor to the Debtors. Conducted rapid restructuring resulting in sale and significant return to creditors.
Learn more »
KP3 was placed in an involuntary Chapter 7. Force 10 provided the solvency opinion and expert testimony to demonstrate that the Debtor was indeed solvent. Case was dismissed.
Learn more »
Force 10 took control of the company's intellectual property and IT infrastructure to preserve for due diligence, discovery, and causes of action.
Learn more »Sendio was challenged by a legacy cost-structure and weary investors. Without access to liquidity, Sendio required a reorganization via an Assignment of the Benefit of Creditors. As the result of an auction, Sendio was sold to a European-based fund and maintained continuity with employees and customers while significantly reducing its operating costs.
Learn more »
Maintain complex data, software code and books and records for the benefit of litigation parties.
Learn more »