We are among the most highly-regarded advisers to official creditors’ groups, with a reputation for creative solutions that help committee members navigate their fiduciary duties and allow unsecured creditors to maximize their recoveries through negotiations, investigations and, where needed, litigation.
Our bankruptcy and restructuring lawyers have repeatedly been selected to represent official committees of unsecured creditors in many of the largest and most complex Chapter 11 cases, including cases with international operations and creditors.
We are well-known for our industry-leading experience guiding official creditors’ groups through the bankruptcy process and developing creative solutions to help unsecured creditors maximize their recoveries. We are well-versed in finding ways to bridge gaps among diverse and often-divergent constituencies that include trade, landlords, bondholders, unions, trustees, litigation and class action claimants (including tort claimants), the Pension Benefit Guaranty Corp and pension funds.
Through negotiations, investigations and objections/litigation, our team creates innovative and industry-leading solutions to preserve unsecured creditors’ rights and frequently leverages these tools to go from little to no unsecured creditor recoveries to an enhanced pool of recoveries (including cash and/or participation in litigation claims often preserved by investigations and objections to releases that our team spearheads).
We have also represented numerous official committees of unsecured creditors across industries that include retail, healthcare, automotive, coal, financial, oil and gas, paper, food services and telecommunications. We have played a leading role in bankruptcies of companies including:
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Rite Aid
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Express
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Stanadyne / Pure Power Technologies
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Toys "R" Us
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Seadrill Ltd
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Eagle Hospitality
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CHC Group Limited
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NII Holdings (Nextel International)
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Capmark Financial
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Hostess Brands
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Smurfit-Stone Container Corp
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Cooper-Standard Holdings
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Dana Corp
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Arch Coal
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Residential Capital LLC (GMAC Mortgage)
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Patriot Coal
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Chrysler
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General Motors
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Magna Entertainment
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California Pizza Kitchen
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Ruby Tuesday’s
Our lawyers are adept at addressing each constituent’s unique issues; harmonizing the various committee members’ interests; facilitating global settlements of significant inter-company and inter-estate issues; crafting practical, consensual solutions to seemingly intractable conflicts; and litigating unresolved issues to maximize and protect value.
