Maker of ice cream sold at grocery stores nationwide files for bankruptcy as it appeals $23.8M judgment. For more: tinyurl.com/5xepsv5e
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The Van Leeuwen judgment accounts for nearly all the unsecured liabilities that Rebel listed at fixed amounts in its bankruptcy schedules. The company also reported approximately $5.22 million in cash and cash equivalents, $2.59 million in accounts receivable and $5.65 million in inventory. Rebel's voluntary petition estimated both its assets and liabilities at between $10 million and $50 million and said funds would be available for distribution to unsecured creditors. The filing lists Austin Archibald as the company's manager and member and Michael Johnson of Ray Quinney & Nebeker as bankruptcy counsel. The bankruptcy filing came less than a month after U.S. District Judge Eric Komitee ruled that Rebel had intentionally infringed and diluted Van Leeuwen's trade dress through its ice cream packaging.