Frost Brown Todd acted as lead counsel for the Cosmolab/Specialty Packaging Holdings Chapter 11 filings in Delaware, the epicenter of most of the business bankruptcies in US. Cosmolab and its affiliates were FDA-regulated cosmetics manufacturers with operations in multiple states. Frost Brown Todd’s representation included the restructuring of the companies over eight months, followed by the pre-negotiated bankruptcy filing, and then the sale of Cosmolab and its U.S. affiliates to German manufacturer Schwan-STABILO Cosmetics for approximately $17 million through a bankruptcy auction process, as well as the wind-up of numerous non-U.S. affiliates located in China, Hong Kong, Taiwan, the Cayman Islands, and Switzerland.
-
FBT Acts as Lead Counsel in Successful Chapter 11 Proceedings of Cosmolab, Inc. and Affiliates in Delaware, and Receives Turnaround of the Year Award