NY Office Space Woes Force VFX Creator Into Bankruptcy

Law360, New York (September 18, 2013, 4:56 PM ET) -- An excess of pricey Manhattan office space has forced the company whose animations appear in movies and commercials such as Got Milk? advertisements to file for Chapter 11 bankruptcy, according to court documents filed Tuesday in New York.

Rhinoceros Visual Effects and Design LLC, commonly known as Gravity, says it reached an oral agreement with its landlord to vacate some of its office space after reducing the size of its staff. Gravity is in the midst of a 6 1/2-year lease for 13,000 square feet of...
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