Mark Felger, co-chair of Cozen O’Connor’s Bankruptcy, Insolvency, & Restructuring Practice Group, in conjunction with Cozen O’Connor member Erik Schmidt and associate Keith Kleinman, received court approval for three sale transactions for Unilife Corp., a company which makes wearable medication devices. The transactions will clear more than $40 million in debt. "It is a linchpin in moving ahead with approval of the sales and with the closings of these sales as soon as possible," Mark said, as the post-petition funding is set to run out.
To read the full article, click here.