New Delaware Chapter 11 Filing-Searchmetrics, Inc.

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Searchmetrics, Inc., a search engine optimization services company based in San Mateo, CA, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-11032-CSS).  The Petition estimates Searchmetric’s assets between $1–$10 million and its liabilities between $10-$50 million.  According to the First Day Declaration, Searchmetrics seeks to expedite ongoing litigation against its competitor, BrightEdge, through the filing of this case and anticipates proposing a First Day Declaration plan of reorganization that will pay its creditors in full.  JND Corporate Restructuring is the proposed claims agent.  The case has been assigned to the Honorable Christopher S. Sontchi.

Contact Norman L. Pernick and Nicholas J. Brannick for more information.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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