Legality of the Leveraged Lending Guidance is Questioned
Limits on Creditors’ Remedies Against Solvent Debtors Echoed in the Quadrant Litigation
In distressed situations, it is crucial that counsel be experienced, creative and pragmatic. It is imperative that counsel have the ability to structure and negotiate transactions as well as the litigation skills necessary to protect our clients’ rights. Our 45-attorney Corporate Restructuring and Bankruptcy Department has the resources necessary to tackle complex problems and deliver tangible results. Institutions, committees, corporations and individuals look to us to find practical solutions where others cannot. We have been actively involved in most of the major U.S. bankruptcy cases over the past 30 years, and our breadth of industry experience is second to none. We are knowledgeable in the automotive, financial services, gaming, telecommunications, real estate, banking, health care, manufacturing, retail, consumer products, mortgage finance, supermarket, food service, construction, air and sea transportation, utilities, and media and entertainment sectors, among others.
We work closely with the firm’s other departments, and our diverse practice area includes representation of creditors’ committees, equity committees, debtors, banks, bondholders, trade creditors, landlords, investors, debtor-in-possession lenders and acquirers as well as representation of investors in the purchase and sale of securities and assets of troubled companies. Among other areas, we have particular experience giving advice in connection with complex bankruptcy litigation and investigations, distressed investments, mergers and acquisitions, and mass tort and class action bankruptcies. We also have an active subgroup of attorneys focused on distressed and special situations lending, and another devoted to claims trading in distressed enterprises.
Principal Areas of Focus
Our ability to deliver successful outcomes is why we are regularly involved in the nation’s largest cases, including the Residential Capital, Energy Future Holdings, Puerto Rico Electric Power Authority, Caesars, American Airlines, General Motors, Chrysler, Capmark Financial, Enron, WorldCom, Calpine, Adelphia, General Maritime, Bally Total Fitness, Dana Corp., United Airlines, Owens Corning, ASARCO, Patriot Coal and Hostess Brands bankruptcies.
The department’s honors and accolades include the following:
Members of our team regularly publish, teach and lecture widely on bankruptcy-related topics, including issues related to DIP financing, asset sales, mass tort bankruptcy, acquisition of troubled companies, creditor and shareholder rights, distressed investing and developments in claims trading. Many of our attorneys have clerked for prominent federal and bankruptcy judges. We continue to draw on the qualities that have fueled the success of the firm and our clients: a commitment to excellence and a dynamic spirit.