After losing licenses for the former Boardriders brands along with Volcom and Spyder in Dec., Costa Mesa, CA-based Liberated Brands is now seeking Chapter 11 protection in DE bankruptcy court and planning to sell off its assets. The petition was filed over the weekend, estimating assets and liabilities between $100 and $500 million. Authentic Brands Group, which owns the skate and surf brands, is also a 19.9% shareholder of Liberated. Liberated was the licensee for ABG-owned Billabong, Quiksilver, RVCA, DC Shoes, Roxy, and Element for multiple categories in the U.S. and ... Log in to view full article.