ELLIOTT GREENLEAF OBTAINS SIGNIFICANT RECOVERY FOR CREDITORS COMMITTEE ON SALE OF ASSETS

Elliott Greenleaf, Delaware counsel to the Official Committee of Unsecured Creditors, announces that the successful sale of Norwood Promotional Products Holding, Inc. and its affiliates have brought a recovery of almost 100% for all unsecured claims in the Norwood Promotional Products Holding, Inc. bankruptcy matter.

Vigorous advocacy by Elliott Greenleaf and its co-counsel throughout the case supported and directed the auction process resulting in a successful sale price. The Committee professionals were instrumental in stewarding the process to ensure vigorous and active participation in the auction, with three bidders participating in the auction.

The Firm’s representation of the Creditors Committee in this matter is led by Delaware managing shareholder Rafael Zahralddin and Counsel Shelley Kinsella.