MobiTV voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. MobiTV intends to use these proceedings to implement a restructuring process. FTI Consulting is serving as the company’s financial advisor.
FTI Consulting hired Dave Katz as a senior managing director in the firm’s corporate finance and restructuring segment of the senior lender advisory practice. Katz most recently served as a managing director at JPMorgan Chase and brings more than 20 years of experience to his new role.
Management consulting firm Clear Thinking Group promoted Brian Allen to partner of the firm. Allen has more than 25 years of experience in senior finance positions, serving as interim CFO, chief accounting officer, controller and consultant throughout his career.
Lisa Donahue, joint global head of turnaround and restructuring services at AlixPartners, received the Harvey R. Miller Outstanding Achievement Award for her service to the restructuring industry. Donahue is the first woman to receive the award in its 20-year history.
Houlihan Lokey is serving as financial advisor and investment banker and AlixPartners is serving as restructuring advisor to UTEX Industries, which entered into a restructuring support agreement with the majority of its lenders and will commence reorganization under Chapter 11.