Old News: 4Kids is no longer bankrupt
PostPosted: Sat Sep 28, 2013 10:04 pm
According to sources, 4Kids is out of their Chapter 11 Bankruptcy. Their exit was announced on December 13, 2012.
"Law360, New York (December 13, 2012, 12:28 PM ET) -- A New York bankruptcy judge sent 4Kids Entertainment Inc. on its way out of Chapter 11 protection Thursday, overruling an objection by the American Kennel Club Inc. over a licensing agreement and approving its reorganization plan, which calls for the full payment of claims.
U.S. Bankruptcy Judge Shelley C. Chapman confirmed the debtor's Chapter 11 plan following a brief hearing. The plan also calls for the preservation of common stock in the children's entertainment company.
“The plan is confirmed; congratulations,” Judge Chapman said."
http://www.law360.com/bankruptcy/articl ... -objection
In addition, 8 days later, 4Kids was reincorporated as 4Licensing Corporation. This is their current logo:
The reason why I'm posting this is because for some reason this hasn't been getting a lot of news.
"Law360, New York (December 13, 2012, 12:28 PM ET) -- A New York bankruptcy judge sent 4Kids Entertainment Inc. on its way out of Chapter 11 protection Thursday, overruling an objection by the American Kennel Club Inc. over a licensing agreement and approving its reorganization plan, which calls for the full payment of claims.
U.S. Bankruptcy Judge Shelley C. Chapman confirmed the debtor's Chapter 11 plan following a brief hearing. The plan also calls for the preservation of common stock in the children's entertainment company.
“The plan is confirmed; congratulations,” Judge Chapman said."
http://www.law360.com/bankruptcy/articl ... -objection
In addition, 8 days later, 4Kids was reincorporated as 4Licensing Corporation. This is their current logo:
The reason why I'm posting this is because for some reason this hasn't been getting a lot of news.
