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DMG Case Study — Anosys, Inc.

 
Industry: Medical
Business Description: A cancer vaccine research and development firm.
Business Problem:

Anosys required an orderly wind-down and a timely sale of all assets.

Diablo Management Group (DMG) assumed fiduciary for both Californian and French subsidiaries in April 2005 at the referral of Adam Dinow, Esq. of WSGR.

DMG Focus:
  1. Manage wind-down of operations in California and French subsidiary
  2. Conduct sale of company fixed and IP assets
  3. Settle all outstanding legal and financial obligations
Results:

DMG was able to manage the wind-down of the company and facilitate negotiations for the sale of fixed assets and IP. Through the out-of-court voluntary process, DMG was able to vacate the company's facilities while complying with environmental requirements.

The shell of the company remains for the collection of income and remaining creditor settlements.

  • Completed successful operational wind-down
  • Sold company's fixed assets
  • Conducted employee and creditor settlement negotiations
  • Sold IP to organization conducting research which may yield a future return to the estate
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