ELLIOTT GREENLEAF IS SELECTED CREDITORS COMMITTEE DELAWARE COUNSEL IN eTOYS BANKRUPTCY

Elliott Greenleaf was selected as Delaware and Conflicts counsel to the Official Committee of Unsecured Creditors in the In re eToys, et al. corporate bankruptcy cases pending in the United States Bankruptcy Court in Wilmington, Delaware.

eToys, along with affiliates The Parent Company, BabyUniverse, Inc., Dreamtime Baby, Inc., PoshTots, Inc., and My Twinn, Inc., are a leading commerce, content, and new media companies for growing families. The Debtors estimate the book value of their consolidated assets to be approximately $20,633,447, and the book value of their consolidated liabilities to be approximately $35,722,280 and seek to sell substantially all of their assets as a whole or under individual sales of each affiliate in the Bankruptcy Court.

Elliott Greenleaf was selected following an interview and selection process among several competing law firms, based principally on the Firm’s expertise as experienced corporate bankruptcy counsel. The Managing Shareholder of the Firm’s Delaware office, and ABI International Law Section Special Projects and Task Force Leader Rafael Zahralddin, and ABI Tax Section Newsletter Editor Neil Lapinski are leading the Firm’s efforts in this important retention.