Centis, Inc Bankruptcy Case: Consensual Plan of Reorganization Confirmed by Irell and Manella LLP

Irell & Manella Llp, Counsel To The Official Committee Of Unsecured Creditors In The Centis, Inc. And Affiliates Bankruptcy Cases, Announces That A Jointly Proposed Consensual Plan Of Reorganization Has Been Confirmed

Newport Beach, CA (PRWEB) June 17, 2004 -- Irell & Manella LLP, a full service law firm with offices in Los Angeles and Newport Beach, today announced that the chapter 11 plan proposed jointly by Centis, Inc. and its affiliates (the Debtors"), and the Official Committee of Unsecured Creditors represented by Irell & Manella LLP, has been confirmed by the United States Bankruptcy Court for the Central District of California. The Debtors, together with other foreign, non-debtor affiliates, were designers, manufacturers and multi-channel marketers of office, storage and human resource products.

The Plan – which incorporates and effectuates various sales of the Debtors assets and settlements among the Debtors major stakeholders – was supported by the Debtors key creditor constituencies and received overwhelming support from the creditor body.

Jeffrey M. Reisner and Tavi C. Flanagan, attorneys in Irell & Manella LLPs Newport Beach-based bankruptcy practice, took the lead in representing the Committee in the Debtors chapter 11 cases. The Debtors were represented by Richard L. Wynne, Kelly K. Frazier and Lori Sinanyan, attorneys at the Los Angeles office of Kirkland & Ellis LLP. The Bank Group was represented by Fred Neufeld of Milbank, Tweed, Hadley & McCloy.

Irell & Manella LLPs insolvency department represents debtors, creditors, creditors committees, and bankruptcy trustees in legal cases throughout the United States.

Background Notes
•One of the leading law firms in the United States, Irell & Manella LLP was founded in Los Angeles in 1941. Dedicated to excellence, the firm is a full-service commercial law partnership with a professional legal staff now comprising more than 240 attorneys, 89 of whom are partners.
•Irell and Manella was voted the Best Law Firm in California to Work For" by law.com in 2003.
•Irell & Manella LLPs insolvency department represents debtors, creditors, creditors committees, and bankruptcy trustees in legal cases throughout the United States.
•For more information on Irell & Manellas full range of professional legal services, visit the firm online at www.irell.com.