PFO Global, Inc., along with its four affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of Texas on January 31, 2017. The debtor listed its liabilities of $22.47 million and no assets. The debtor is represented by Nathan M. Nichols and Rosa R. Orenstein of Orenstein Law Group, P.C. as its legal counsel. The official committee of unsecured creditors is represented by Bernice C. Lee and Bradley Scott Shraiberg of Shraiberg, Ferrara, Landau & Page, P.A. and Eric M. Van Horn and Nicholas Zugaro of McCathern, PLLC as legal counsels. The debtor appointed Haynes and Boone, LLP as special counsel, for a monthly fee of upto $10,000.
PFO Global, Inc. manufactures and delivers complete eyewear, prescription lenses and related services to the managed care insurance industry. It distributes distortion free polycarbonate lenses under the Resolution brand name. The Companyâs products include SmartCalc and SmartEyewear. SmartCalc proprietary software used to manufacture fully digital lens designs. Certain Company lenses are produced following the SmartCalc software calculation. SmartEyewear Online Ordering System a business-to-business online ordering software system which allows eye care providers to quickly provide all necessary information for each patientâs eyewear package and unique use. It integrates the optical provider directly with lab system. The Company utilizes this system for all of its electronic ordering.