Pashman Stein Waler Hayden P.C. Represents Creditors’ Committee in Conscious Content Media Chapter 11 Case
Pashman Stein Walder Hayden P.C. represented the Official Committee of Unsecured Creditors in the Chapter 11 cases of Conscious Content Media Inc., the education technology company behind the Begin brand, as the company moved closer to confirmation of its reorganization plan in the U.S. Bankruptcy Court for the District of Delaware.
The Committee, represented by Pashman Stein attorneys Joseph C. Barsalona II and Alexis R. Gambale, along with co-counsel from Jenner & Block LLP, voiced strong support for the debtor’s plan during a May 14 hearing before U.S. Bankruptcy Judge Brendan L. Shannon. Barsalona stated during the hearing that the Committee was “very supportive” of the plan, which is expected to both eliminate approximately $106.5 million in debt obligations and position the reorganized company for future growth with the inflow of the expected $20 million of committed exit financing.
Judge Shannon indicated he was prepared to confirm the plan once documentation relating to $20 million in exit financing is finalized.
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