Recent Success Stories and New Client Engagements—December, 2019
At The Dragich Law Firm, we strive to deliver value and results for our clients. We are pleased to announce recent successful outcomes we have helped our clients achieve, and new matters our firm has been engaged to assist with.
Settlement Reached With Creditors in Receivership Case of Heritage Sportswear, Inc.
The Dragich Law Firm represents Gene R. Kohut, of Conway Mackenzie, Inc., as the court-appointed receiver over the assets of Heritage Sportswear, Inc. Heritage is a supplier of blank apparel in the promotional products industry, including items such as t-shirts, pullovers, hats and other athletic related items.
Heritage’s headquarters are in Hebron, Ohio, but the company had locations in multiple states. The receivership case is pending in the United States District Court, Northern District of Georgia, (Atlanta Division). On November 12, 2019, the Court entered an order approving a settlement among the Receiver, Cadence Bank, the plaintiff in the action, and Gildan Activewear SRL.
The settlement resolves months-long litigation among the parties and will enable the Receiver to distribute proceeds to creditors and work toward finalizing the case. “We were very pleased to reach an agreement with the principal creditors in the case. This will allow the Receiver to pay creditors and move the case forward,” said David Dragich, counsel to the Receiver.
The Dragich Law Firm Retained by Assignee of AT Group US, LLC
The Dragich Law Firm has been retained by Gene Kohut of Conway MacKenzie, Inc., as legal counsel in connection with Kohut’s role as the Assignee of AT Group US, LLC and related affiliates. This assignment for the benefit of creditors was filed in the Washtenaw County Circuit Court In the State of Michigan.
The Dragich Law Firm helps businesses navigate complex bankruptcy and corporate restructuring issues, particularly in the automotive industry. It also assists clients with commercial litigation matters and business transactions.To learn more about The Dragich Dragich Law Firm’s capabilities, please contact David Dragich at email@example.com or 313.886.4550.