September 06, 2019
A Delaware bankruptcy judge has approved a deal to allow more than $225 million in additional claims against children's tablet maker Fuhu Inc.'s liquidating trust to resolve a product defect class action and suits involving a manufacturer and distributor.
October 11, 2018
The trustee of bankrupt children's tablet maker Fuhu Inc. has asked the Delaware bankruptcy court to approve a $2.5 million settlement to end a lawsuit in which the trustee alleged the company's co-founder and its CEO drove it into Chapter 11 with a pump-and-dump scheme.
October 06, 2016
A Delaware bankruptcy judge gave children's tablet maker Fuhu Inc. the nod Thursday to poll creditors on its Chapter 11 liquidation plan on how to divvy up the proceeds it reaped from its $21.5 million sale to Mattel Inc. in January.
April 28, 2016
The former top executive of now-defunct children's tablet maker Fuhu Inc. told a Delaware bankruptcy judge Wednesday that the company's directors & officers policy with Starr Indemnity should still cover his cost of defending an underlying lawsuit, despite what's normally a stay of all claims during a bankruptcy proceeding.
January 21, 2016
Mattel Inc. has added bankrupt children's tablet-maker Fuhu Inc. to its toybox, submitting a $21.5 million bid for the company in a stalking horse auction in Delaware and beating a private equity fund led by pro golfer Greg Norman, according to Thursday court filings.
January 20, 2016
New objections are threatening to short-circuit plans for a quick, $10 million sale of bankrupt children's tablet-maker Fuhu Inc., with the Chapter 11 estate's largest creditor saying the deal had moved toward closure at "breakneck speed" despite moves that allegedly violate bankruptcy rules.
January 06, 2016
Children's tablet maker Fuhu Inc. sought court approval Tuesday for a $2 million bankruptcy loan to continue funding its operations through Chapter 11, days after a private equity firm headed by retired golfer Greg Norman emerged as the leader to acquire the company.
December 09, 2015
A Delaware bankruptcy judge on Wednesday signed off on children's tablet maker Fuhu Inc.'s bid to tap into cash collateral, a decision that is expected to smooth its proposed sale to Mattel and provide the company with an infusion of money to fund the business in the short term.