Darryl Laddin and Michael Holbein in Daily Report

AGG attorneys Darryl Scott Laddin and Michael F. Holbein were mentioned in the “Deal Watch” section of the March 11th edition of the Daily Report. The article is about how stationery and party supply store Swoozie’s found a “stalking horse bidder” that could purchase its assets at auction with a starting bid of $5.34 million. According to the article, “A stalking horse bidder is one chosen by a bankrupt company from a pool of other contenders that—in exchange for some downside protections if it doesn’t tender the winning bid—launches bidding on the asset at an agreed-upon starting price, effectively protecting the seller from lowball offers.” In this case, the bidder is Hudson Capital Partners of Newton, Massachusetts. Mr. Laddin and Mr. Holbein represented the Official Committee of Unsecured Creditors in the deal.