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Chapter 11 Case for Esports Platform Operator

Represented a cutting edge video esports platform operator, as debtor, in a high-speed Chapter 11 bankruptcy case. Loeb handled all aspects of the company's reorganization, including negotiating a DIP credit facility and guiding the debtor through confirmation of its plan of reorganization. The plan -- which was confirmed just approximately four months after the bankruptcy filing -- successfully wiped away all of the company's existing equity and recapitalized the company through a re-issuance of new stock to its creditors. Additionally, 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.