Jager Smith Orchestrates Successful Purchase of Assets

Jager Smith, together with its co-counsel Kavinoky Cook, LLP of Buffalo, New York, succeeded in their representation of an asset buyer in the consolidated Chapter 11 proceedings of K. Van Bourgondien of Virginia, Inc. and Simple Pleasures Flowerbulbs & Perennials, Inc., both pending in the United States Bankruptcy Court for the Eastern District of Virginia. Attorney Michael J. Fencer of Jager Smith and Attorney David A. LoTempio of Kavinoky Cook negotiated the client's private purchase of all, or substantially all of the bankruptcy debtors' assets, and secured their client's acquisition through an Article 9 secured party sale of related intellectual property and trade names from a non-debtor affiliate of the debtors-in-possession. The parties closed the Court approved sale on May 31, 2012.