Legality of the Leveraged Lending Guidance is Questioned
Limits on Creditors’ Remedies Against Solvent Debtors Echoed in the Quadrant Litigation
Jeffrey S. Trachtman litigates complex bankruptcy, mass tort and securities fraud matters, including some of the nation’s most significant and high-profile cases. As one of the principal litigators on behalf of breast implant tort claimants in the Dow Corning bankruptcy, Mr. Trachtman helped fashion, and obtain judicial approval for, the $3.17 billion settlement. He continues to represent the interests of tort claimants in the Settlement Facility – Dow Corning Trust as lead counsel for the Claimants’ Advisory Committee.
Mr. Trachtman has also helped lead litigation teams in bankruptcies and class actions involving asbestos and diet drugs, and on behalf of the creditors’ committees in the massive Chrysler, General Motors and Residential Capital bankruptcies. He also has represented creditors or creditor groups in such other well-known bankruptcy cases as Adelphia, Washington Mutual and WorldCom. Earlier in his career, Mr. Trachtman helped lead a team of lawyers that obtained a $90 million recovery – at the time, one of the largest arbitration awards – in a contract and securities fraud action arising out of a failed merger between Gulf Oil and Cities Service Corp.