Sgromo

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION

IN RE IMPERIAL TOY LLC,

Case No. 19-cv-08431-EJD Debtor, ORDER DISMISSING BANKRUPTCY

PIETRO PASQUALE ANTONIO APPEAL

SGROMO (a/k/a PETER ANTHONY SGROMO), Re: Dkt. No. 8 11 Appellant, 12 v.

JA-RU, INC.

14 Appellee.

In November 2019, Imperial Toy LLC (“Imperial Toy” or “Debtor”) filed a petition for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of California, seeking to conduct a bankruptcy auction for substantially all of its assets. Imperial Toy had arranged with Appellee Ja-Ru, Inc. (“Ja-Ru”) to be the “stalking horse” bidder, and Ja-Ru was the eventual winning bidder at auction. As part of Imperial Toy’s Asset Purchase Agreement with Ja- Ru, Ja-Ru was to assume certain executory contracts; among these contracts were license agreements with a company called Wide Eyes Marketing Ltd. The Bankruptcy Court approved the…