#USA #New York #Vector Capital #Glenn Agre #Anthology Inc

Settlement Achieved for Vector Capital in Anthology Case

In a significant development within the complex realm of bankruptcy restructuring, Vector Capital Credit has reached a resolution in its dispute with Anthology Inc., a prominent player in the education technology sector. This comes in the wake of Anthology's Chapter 11 reorganization plans, court-approved on January 23, 2026, under the oversight of U.S. Bankruptcy Judge Alfredo R. Perez.

The heart of the matter lay in a contention surrounding litigation costs. Vector Capital had raised objections against Anthology's proposed restructuring plan, arguing it overlooked critical litigation expenses tied to an ongoing lawsuit involving Anthology's affiliate, Astra Acquisition Corp. This litigation was projected to cost over $7 million, a financial burden Vector asserted should not fall upon them, especially given their status as creditors in the case.

The legal confrontation began when Anthology filed for Chapter 11 protection in 2025, revealing approximately $1.8 billion in debts. Consequently, the firm sought permission to implement an equity-swap proposal for reorganization, which was met with scrutiny from Vector Capital. They filed an objection on January 20, 2026, insisting that a reserve of $7.3 million must be allocated to cover anticipated legal costs linked to the Astra lawsuit, rooted in their loan agreement with Anthology that ostensibly provided for indemnification against such expenses.

Despite Anthology's claim that it was not mandated to indemnify Vector, the settlement reached now stands as a favorable outcome for the creditor within the reorganization framework. Led by attorneys Jed I. Bergman and Shai Schmidt from Glenn Agre Bergman & Fuentes LLP, the legal team, which included notable contributions from Trevor J. Welch, George L. Santiago, Rich Ramirez, and Esther Hong, navigated the intricate proceedings to ensure Vector's interests were protected.

Commenting on the successful resolution, Bergman stated, "We are pleased to have achieved a swift resolution of this matter so all parties can move forward. Litigation costs can severely impact creditors like Vector, so it is vital that they do not bear unreasonable financial burdens. I am proud of our team for employing their formidable insight as bankruptcy attorneys to win this excellent result for our client."

The collaboration between Glenn Agre and co-counsel from Bonds Ellis Eppich Schafer Jones LLP, namely Ken Green, Aaron M. Guerrero, and Bryan Prentice, underscores the strategic legal maneuvering that was required to arrive at this outcome, thereby resolving all outstanding disputes between the parties.

In a broader context, this case highlights the intricate dynamics of corporate bankruptcies, where differing interests of creditors must be carefully balanced with legal obligations. The successful settlement not only alleviates Vector's financial concerns but also allows Anthology to progress with its restructuring efforts, ultimately aiming for a more stable operational future.

About Glenn Agre Bergman & Fuentes LLP

Glenn Agre Bergman & Fuentes LLP is renowned for its litigation and trial capabilities, particularly in complex commercial disputes, bankruptcy matters, and investigations. Known for their rigorous approach and creativity in handling high-stakes cases, they continue to deliver exceptional results for their clients. More information can be found at www.glennagre.com.