Elliott Greenleaf was selected as Delaware and Conflicts counsel to the Official Committee of Unsecured Creditors in the DHP Holdings II Corporation cases pending in the United States Bankruptcy Court in Wilmington, Delaware.
The Debtors and their nondebtor subsidiaries and affiliates are leading manufacturers, distributors, and marketers of vent-free heating appliances, outdoor heaters, lawn and garden electrical products, and consumer fastening systems in the United States. The Debtors filings followed a request to their prepetition senior lenders for additional financing which was denied. The Debtors had sought funding to to support the pre-heating season working capital build for the next fiscal year and to complete remaining restructuring initiatives. The Debtors contemplate a sale and orderly wind down through Chapter 11. DESA Holdings Corporation and DESA International LLC (the “Former DESA Entities”) filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in this Court on June 8, 2002. On December 13, 2002, the Bankruptcy Court entered an order approving and authorizing the sale of substantially all of the Former DESA Entities’ assets to HIG – DESA Acquisition LLC (“Acquisition”), now known as DESA LLC, a debtor and debtor in possession in this case.
Elliott Greenleaf was selected following an interview and selection process among several competing law firms, based principally on the Firm’s expertise in cross border insolvency, international law and experienced corporate bankruptcy counsel. The Firm’s President Henry F. Siedzikowski, and the Managing Shareholder of the Firm’s Delaware office, Rafael Zahralddin, are leading the Firm’s efforts in this important retention.