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Manley to liquidate following battle with Toys 'R' Us over wrongful death suit

Mar 23, 2016 - The Deal Pipeline

Hong Kong toy company Manley Toys Ltd. wants to protect its U.S. assets while it winds up its business abroad and duels with Toys 'R' Us Inc. over who should pay a judgment related to a water slide death. The Cheung Sha Wan, Hong Kong, toy, game and doll manufacturer submitted a Chapter 15 petition in the U.S. Bankruptcy Court for the District of New Jersey in Camden on Tuesday, March 22. The same day, Manley's liquidators filed a motion requesting recognition of the company's Hong Kong li...