WIS Holding Company, Inc., along with six affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11579). According to the First Day Declaration, WIS and its operating subsidiaries provide outsourced inventory verification services and retail merchandising services through 189 offices spread throughout 42 U.S. states and nine Canadian provinces. The First Day Declaration further explains that WIS’s filing was necessitated by a class action of nearly 14,000 current and former employees alleging FLSA violations. The First Day Declaration explains that WIS intends to liquidate its assets and wind-down its operations. JND Corporate Restructuring is the proposed claims and noticing agent. The cases have been assigned to the Honorable Christopher S. Sontchi.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.