The Official Committee of Unsecured Creditors of Cenveo Inc., a Connecticut-based consumer envelope manufacturer, has selected Lowenstein Sandler as legal counsel in its Chapter 11 bankruptcy proceedings. Reporting approximately $1.5 billion in debt, the company attributed the bankruptcy filing to eroded liquidity, a "burdensome" capital structure and dwindling revenue. Cenveo faulted a challenging environment in the paper industry, which the Debtors say has faced a "long-term structural decline" as society's dependence on digital technology ascends and demand for paper products falls. Kenneth A. Rosen, Mary E. Seymour, Bruce D. Buechler, Bruce S. Nathan, and Eric Chafetz lead the Lowenstein team.
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