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Lily Robotics, Inc. (n/k/a Drone LC, Inc.) Bankruptcy Case

Lily Robotics, Inc. (n/k/a Drone LC, Inc.)

Sale Process

Case No. 17-10426·Delaware·Petition date Feb 27, 2017

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OverviewProfessionals

Key professionals

Financial Advisor

The DAK Group, Ltd. ("DAK")

Bankruptcy Counsel

Orrick, Herrington & Sutcliffe LLP

Bankruptcy Counsel

Richards, Layton & Finger, P.A.

Chief Restructuring Officer

Goldin Associates, LLC

Judge: Kevin J. Carey
Petition assets: $10M–$50M
Petition liabilities: $10M–$50M
Industry: Technology

Lily Robotics, Inc. (n/k/a Drone LC, Inc.) is a Delaware-based technology company focused on the development of autonomous robotics and drone hardware. The company specializes in the design and engineering of consumer-facing aerial imaging systems. Operating with a lean staff, the firm utilizes a professional employer organization, Sequoia One, to manage its human resources, payroll, and benefits administration. The company maintains its corporate operations and intellectual property assets while managing its business affairs through its headquarters.

Case background, summaries, and key terms are generated from the filings on this docket. Docket entries and documents come from the court.

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