Knowledge Center

Monday, May 07, 2018

Horwood Marcus & Berk Chartered Retained as Counsel to Official Committee of Unsecured Creditors of Zero Energy Systems, LLC

PRESS RELEASE
Contact:
Jason Klika
Horwood Marcus & Berk Chartered
312.281.1102

CHICAGO, IL (May 7, 2018) -  The Official Committee of Unsecured Creditors of Zero Energy Systems, LLC selected Horwood Marcus & Berk Chartered ("HMB") as its legal counsel, with the U.S. Bankruptcy Court for the Southern District of Iowa approving HMB's retention on May 2, 2018.  Zero Energy Systems (the "Debtor") is a leading designer, manufacturer and supplier of proprietary insulated concrete wall systems for residential, commercial and industrial construction.  The Debtor manufactures and markets a range of high quality wall systems from a state-of-the-art computer-automated production facility that opened in 2014, located in Coralville, Iowa.  As of the petition date, the Debtor scheduled assets in excess of $14 million and liabilities in excess of $28 million.  The Debtor employs approximately 60 people and, in 2017, had gross annual revenues of over $4.7 million.  The Committee will work closely with its professionals to drive a process that creates the most value for the Debtor's creditors.

About HMB:  Horwood Marcus & Berk attorneys have served as trusted business and legal advisers to middle market businesses, Fortune 500 companies and entrepreneurs throughout the United States for almost 40 years.  HMB's Bankruptcy Reorganization & Creditors' Rights practice group is comprised of leading national providers of legal services in complex chapter 11 cases, creditors' rights and all situations involving the financial distress of clients or their customers.  HMB's attorneys have been recognized by Chambers USA: Leading Lawyers for Business and Turnaround and Workouts; and quoted by The Wall Street Journal  and Financial Times, as leaders in the field.  In 2014, one of HMB's attorneys received the Turnaround Management Association's Large Transaction of the Year for its work as counsel to the Official Committee of Equity Security Holders in the highly publicized bankruptcy cases, In re AgFeed USA, et al. (Bankr. D. Del.).

NOTICE: Emailing an attorney shall not and does not create an attorney-client relationship between the attorney and users of this web site or any other party whatsoever. An attorney-client relationship is ONLY established through a written engagement, and only where doing so would comply with all applicable laws and ethical rules.

CONFIDENTIAL INFORMATION: Transmission of information on-line, over email, or through any electronic means can be unstable, unreliable and insecure. You should not send information or facts via e-mail relating to your legal problem or question. If you do not have an existing attorney-client relationship, your e-mail may not be privileged or confidential.

By clicking 'OK' below, you are agreeing to the terms of this web site.

Please fill out the form below and we'll send an email out about this page to a recipient of your choice.


Copy: Check here if you would like a copy of the email.