Sidley Represents Casa Systems in Chapter 11 Filing

Sidley is representing telecommunications hardware and software company, Casa Systems, Inc., and certain of its affiliates, in their Chapter 11 proceedings in the Bankruptcy Court for the District of Delaware. On April 3, 2024, Casa Systems commenced Chapter 11 proceedings to sell substantially all of the company’s assets with the support of an ad hoc group of lenders holding over 98% of the company’s approximately US$183 million of funded debt. During the proceedings, which are expected to be completed in approximately 60 days, the company will market test prepetition commitments made by Lumine Group and Vecima Network Inc. for the purchase of Casa Systems’ 5G mobile core/RAN and cable businesses, respectively.

The Sidley team includes Steve Hessler, Pat Venter, Julia Philips Roth, Maggie Alden, Ryan Fink, Veronica Courtney, Jake Landreth, Chelsea McManus, Ralph Rabinowitz, Joshua Lee, Nelly Rakowski, and law clerk Samson Su (Restructuring); Kelly Dybala, Sean Damm, Reid McKinney, and Corey Bopp (Global Finance); William Howell, Courtney Gilberg, Ling Chen, Marcos Alvarez, J.D. Swancoat, Sean Nuernberger, and John Walker (M&A); Johnny Skumpija (Capital Markets); Kate Roberts, Aimee Mackay, Emily Wajert, and Alex Down (Labor, Employment and Immigration); Lauren Grau, Imani Lee, and Zach Johnston (Technology and Life Sciences Transactions); Tara Lancaster and Aaron Mitchell (Tax); Mary Niehaus and Gregory Matisoff (Employee Benefits and Executive Compensation); Penny Reid, Mitchell Alleluia-Feinberg, Kathrine Maldonado, and legal secretary Trisha Quirk (Litigation); and Ash Nagdev (Privacy and Cybersecurity).