Digital Media Solutions, Inc.

  1. January 21, 2025

    Giuliani Settles Asset Turnover, FDIC Sues SVB Ex-CEO

    Rudy Giuliani has turned over assets for a $148 million defamation judgment to former Georgia poll workers, following his absence at a recent trial. A Delaware bankruptcy judge criticized Dormify's founder for skipping a hearing on the retailer's Chapter 11 case. The FDIC sued Silicon Valley Bank's ex-CEO and other executives, alleging they mismanaged the company in the lead-up to its collapse in 2023. Meanwhile, a failed bidder for Alex Jones' Infowars increased its offer, as The Onion's parent company prepared a revised bid of its own.

  2. January 15, 2025

    Judge OKs Digital Media Solutions' Ch. 11 Wind-Down Plan

    A Texas bankruptcy judge on Wednesday gave bankrupt digital advertising firm Digital Media Solutions Inc. approval for its proposed Chapter 11 plan, overruling objections from the U.S. trustee who argued the plan unlawfully includes nonconsensual third-party releases.

  3. January 09, 2025

    US Trustee Challenges DMS' Ch. 11 Over Third-Party Releases

    The Office of the U.S. Trustee urged a Texas bankruptcy court to reject Digital Media Solutions' proposed Chapter 11 plan, arguing it unlawfully includes nonconsensual third-party releases violating the Bankruptcy Code and the U.S. Supreme Court's recent Purdue Pharma decision.

  4. November 04, 2024

    Digital Media Solutions Gets $122M DIP To Fund Ch. 11 Case

    A Texas bankruptcy judge Monday gave bankrupt digital advertising firm Digital Media Solutions LLC final approval for an approximately $122 million debtor-in-possession loan facility, and a $95 million credit-bid stalking horse agreement with its prepetition lenders after the company reached a deal with its creditors.

  5. October 17, 2024

    Behind The Ch. 11 Filing Of Digital Media Solutions

    An increase in car crashes was among the factors that helped lead to the Chapter 11 filing of online advertising company Digital Media Solutions, one of the latest debtors to file for bankruptcy following a reversal of fortunes after the COVID-19 pandemic.

  6. September 23, 2024

    Meet The Attorneys In Digital Media Solutions' Ch. 11

    Advertising firm Digital Media Solutions, which recently filed for Chapter 11, has drafted a team of lawyers from Porter Hedges LLP and Kirkland & Ellis LLP to help it pursue a sale process with prepetition lenders acting as lead bidders for a proposed auction.

  7. September 12, 2024

    Digital Media Solutions Hits Ch. 11 With Plans To Sell

    Digital advertising firm Digital Media Solutions filed for Chapter 11 protection in a Texas bankruptcy court with eyes toward a sale process that would have its prepetition lenders acting as lead bidders for a proposed auction.