In re Elite Limousine Plus, Inc., et al., Bankr. E.D.N.Y. 23-43088-JMM
Aug 29, 2023OUTCOME: pending
Morrison Cohen LLP represents the Creditors’ Committee of Elite Limousine Plus, Inc., the largest luxury black car service in New York City. Elite Limousine filed for protection under Chapter 11 of the ... Bankruptcy Code on August 29, 2023, in the Eastern District of New York, as the result of the Covid Pandemic and competition from Uber and other ride-share platforms. In its filing, Elite claimed to have assets of approximately $26 million and liabilities of $30.2 million and over 400 unsecured creditors. The Creditors’ Committee was formed several months into the case, and selected Morrison Cohen as counsel because of the firm’s extensive experience in bankruptcy and restructuring matters.
