Megan M. Wasson

Mallinckrodt plc – Assist in the representation of the Ad Hoc Committee of seven states’ attorneys general and the Plaintiffs Executive Committee in the multidistrict opioid litigation. The representation included restructuring and settlement negotiations that culminated in the entry into a Restructuring Support Agreement (RSA) for a Chapter 11 plan that served as the catalyst for the commencement of Mallinckrodt’s Chapter 11 cases. The RSA was executed by 50 U.S. states and territories as well as holders of 85% of Mallinckrodt’s subsidiary-guaranteed unsecured notes, and the Chapter 11 plan was premised upon a reorganization of the company with a $1.3 billion reduction of funded debt.  An Opioid Trust, formed to effectuate distributions to holders of opioid claims, will be funded through $1.6 billion of cash payments paid over a period of seven years, warrants to purchase 19.99% of the equity of the reorganized company and various claims of the company against third parties, and is expected to utilize a portion of the assets for abatement purposes – a critical issue in addressing the damage caused by the ongoing opioid epidemic.

Frontier Communications Corporation – Assist in the representation of the Official Committee of Unsecured Creditors of Frontier Communications Corporation in connection with the company’s balance sheet restructuring. Burdened by more than $17 billion of debt, the company sought Chapter 11 protection in the Bankruptcy Court for the Southern District of New York on April 14, 2020, and confirmed its Chapter 11 plan on August 21, 2020.

Boy Scouts of America – Assist in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of the Boy Scouts of America, seeking to achieve two key objectives: to compensate equitably victims who were harmed during their time with the Boy Scouts and to continue to carry out the organization’s mission.