NEW YORK, Dec. 2, 2010 /PRNewswire/ -- Donlin, Recano & Company, Inc. (DRC), a division of King Worldwide and a leading provider of claims, noticing, balloting, solicitation and technology solutions, has announced that it has been retained to provide claims and noticing agent services to Metro-Goldwyn-Mayer Studios Inc. in its Chapter 11 case, in addition to having served as voting agent for the pre-packaged plan of reorganization.
Movie giant Metro-Goldwyn-Mayer Studios Inc. filed for Chapter 11, along with 159 related cases, in U.S. Bankruptcy Court for the Southern District of New York on November 3, 2010.
"This pre-packaged bankruptcy is in an expedited Chapter 11 process which is keeping costs lower than what would have been the case in a more standard restructuring," said Lou Recano, Chief Executive Officer of DRC.
The Company's restructuring counsel are Skadden, Arps, Slate, Meagher & Flom LLP and Klee, Tuchin, Bogdanoff & Stern LLP, its restructuring advisor is Zolfo Cooper, and its financial advisor is Moelis & Company.
About Donlin Recano
Donlin Recano, a division of King Worldwide (www.king-worldwide.com), and a leader in claims, noticing, balloting and technology solutions, also provides bondholder identification services, pre-pack bankruptcy solicitation and balloting, crisis communications, financial printing services and call center services through one of the largest and most technologically advanced call centers in the country. King Worldwide is a financial communications, proxy solicitation and stakeholder management company, serving over 1,000 public company, mutual fund family and private equity firm clients domiciled in North America, Europe and Asia. To learn more about Donlin Recano visit us at www.donlinrecano.com or contact us at 1.212-481-1411.
SOURCE Donlin, Recano & Company, Inc.