Kid Brands, Inc. filed a motion in the US Bankruptcy Court for the sale of its substantially all assets of Kids Line, LLC and CoCaLo, Inc. on September 3, 2014. The debtor seeks the Court's approval for the sale of substantially all the assets of Kids Line, LLC and CoCaLo, Inc. to TG Valentine, LLC, the stalking horse bidder, for a purchase price of $8 million in cash pursuant to the asset purchase agreement. The debtor's assets include substantially all the assets of Kids Line, LLC and CoCaLo, Inc and certain intellectual property assets of LaJobi, Inc. The sale hearing is scheduled for September 3, 2014.

Sheppard, Mullin, Richter & Hampton LLP acted as advisor to the purchaser.