Visual Effects Co. Rhythm & Hues To Fade Into Ch. 11

Law360, New York (February 12, 2013, 7:45 PM EST) -- Visual effects firm Rhythm & Hues Studios Inc. will file for Chapter 11 bankruptcy, it confirmed Tuesday, amid ongoing dialogue about the difficulties of American special effects firms in competing with overseas rivals who receive tax breaks. 

The El Segundo, Calif.-based firm will file for Chapter 11 reorganization, according to its attorney Brian Davidoff of Greenberg Glusker Fields Claman & Machtinger LLP, who confirmed to Law360 Tuesday only that the firm is “working on the papers to get the Chapter 11 filed,” but did not comment...
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