The Firm Holds YogaWorks Auction to Nearly Double the Stalking Horse Price

At a Bankruptcy Code section 363 auction that lasted over 13 hours, the Firm’s Alan Friedman and Melissa Lowe, as counsel to debtors YogaWorks, Inc. and Yoga Works, Inc. (the “Debtors”), obtained a final sale price for the Debtors’ assets of nearly double the stalking horse bid. The auction took place on December 7, 2020 via Zoom with 4 bidders and over 30 total people present. The hearing to obtain Bankruptcy Court approval of the sale will take place on December 11, 2020. The Firm anticipates the sale will be approved and once it closes, will provide benefit to the creditors that would not otherwise have been possible without the sale.