In re: CLA Hold, LLC et al., Case No. 11-13853 (MFW)

LRC served as sole bankruptcy counsel to CLA Hold, LLC f/k/a ALC Holdings, LLC and its thirty-two subsidiaries (collectively, “ALC”) in their chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware.  ALC are the largest providers of laser hair removal, injectable and non-invasive medical aesthetic services in the United States, operating approximately 156 clinics across 27 states and Puerto Rico.  LRC advised ALC in connection with all aspects of its bankruptcy and the marketing of its assets, including the negotiation and execution of an asset purchase agreement with Bellus ALC Investments I, LLC, an entity related to Versa Capital Management.  The sale was considered and approved on an extraordinarily compressed timeframe and encompassed expedited litigation and extensive discovery with ALC’s major supplier, Syneron.  While expedited discovery was on-going, LRC and counsel to Bellus and Syneron negotiated and documented a comprehensive settlement, with ALC’s (and LRC’s) involvement and assistance.  LRC continued to wind down the Chapter 11 estate and assisted the Buyer in resolving all outstanding sale-related issues.

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