PTI HOLDING CORP. D/B/A LONDON FOG

Case Highlights

• Assisted in sale of business units and intellectual property
• Greater than expected recovery on unsecured claims

Case Narrative

When PTI Holding Corp. d/b/a London Fog, filed its Chapter 11 bankruptcy petition, there was a significant amount of secured debt and little hope of recovery for unsecured creditors.

DSI was engaged as Financial Advisor to the Official Committee of Unsecured Creditors and in that capacity participated in various liquidation transactions designed to maximize value for creditors.  With DSI’s analysis and input, the company conducted going out of business sales at its retail locations, sold its operating business units as going concerns and sold its intellectual property, including the London Fog brand trade name.  DSI also investigated transactions with insiders and supported litigation against prior management, and evaluated the merits of substantively consolidating the various affiliated debtors.  As a result of these efforts, the secured lenders received significant proceeds and unsecured creditors received a meaningful distribution on their pre-petition claims.