Awards & Recognition
April 12, 2019

Randye Soref accepted the American Bankruptcy Institute’s (ABI) Asset Sale of the Year Honorable Mention Award, presented at the ABI Spring Meeting in Washington, D.C., on behalf of the Polsinelli legal team for its work on the in re Playhut, Inc. bankruptcy sale. 

Playhut Inc. was a California toy company that produced the popular and award-winning EZ Twist line of indoor and outdoor play structures.  The buyer, Basic Fun! Inc., a Florida based developer of innovative and fun children’s entertainment products, is a client of the firm.  Basic Fun! intends to reinvigorate Playhut and return the brand to its position as a leader in the kid’s product space. 

Randye Soref and Jay Switzer were instrumental in leading the bankruptcy sale through its many complexities. Michael Rosenthal led the non-bankruptcy side of the transaction.  Winners of the award were selected based on their involvement in a sale that was strategic and provided stakeholders with value, the display of excellence across the full spectrum of the sale process, and the demonstration of a high level of professional expertise in the design of the transaction. Congratulations to Randye, Jay and Mike!