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Critically Timed Victory

Sometimes timing is more than “everything.”

Challenge:
With the flu season fast approaching, Young Conaway achieved a timely victory for our client, a world leading biopharmaceutical service company and influenza-vaccine manufacturer. A group of creditors had filed a Chapter 7 involuntary bankruptcy petition in the Delaware bankruptcy court, seeking to liquidate the company and obtain its assets.

Approach:
Young Conaway fielded a large team to litigate the case from discovery to trial in approximately two months. The team argued that the case was filed for an improper purpose and that the company should remain outside of bankruptcy.

Outcome:
After a four-day trial, the bankruptcy court agreed and granted our client’s motion to dismiss, allowing the company to continue its important work.

(Prior results do not guarantee similar outcome)