Hit last year with a $30 million patent infringement verdict, AstroTurf LLC has now skidded into bankruptcy court in Georgia, where a King & Spalding team represents the synthetic turf manufacturer.
King & Spalding restructuring practice head Paul Ferdinands and partner Mark Maloney, along with senior associate Jeffrey Dutson, lodged a Chapter 11 petition for AstroTurf on Tuesday in federal court in Rome, Georgia. The company, which sells artificial grass surfaces commonly used in sports fields, listed debts between $10 million and $50 million against assets that fall within the same range.
