Skip to content

Chapter 11 Case for Esports Platform

Counsel for XFire, Inc., a cutting edge video esports platform operator, in its chapter 11 case. Guided client through all aspects of the company’s reorganization, including negotiating a DIP credit facility, securing plan confirmation and defeating a post-confirmation attack on the plan from a disgruntled group of equity holders. The plan – which was confirmed in just approximately four months – successfully wiped away all of the company’s existing equity and recapitalized the company through a reissuance of new stock to its creditors. The plan also facilitated a consolidation with online gaming community Victorious Gaming and granted equity to Fuel Technologies, a global creative agency helping develop the gaming platform.