Proportionality: The (Not So) New Kid on the Block
Prepackaged Bankruptcy: Is It Right for Your Company?
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Kramer Levin represented POOF-Slinky, Inc., makers of iconic toys under the Slinky®, POOF®, Ideal® and Scientific Explorer® brands, in its acquisition of substantially all of the assets of Fundex Games Ltd., a manufacturer and marketer of toys and leisure time products including award-winning games What’s in Ned’s Head and Hot Potato, at a bankruptcy sale under section 363 of the Bankruptcy Code after a spirited auction process. The transaction closed on December 21, 2012. The Kramer Levin team was led by partner Steven M. Goldman and special counsel Elise Frejka, with assistance from associate Katya Chernyak on the bankruptcy side. Special counsel Mae Rogers handled banking and finance matters, and associate Jodi Rosensaft handled corporate matters. Partner Erica Klein and associate Carole Klinger advised on Intellectual Property matters.