Hughes Hubbard is representing Gemini Trust Company – the cryptocurrency trading platform founded by Cameron and Tyler Winklevoss – as it navigates the bankruptcy of Genesis Global Capital. Gemini is agent to over 232,000 of Gemini users that lent over $1 billion of cash and crypto assets to Genesis before it declared bankruptcy in January of 2023. The firm recently piloted Gemini to a deal in principle that, if approved by the Bankruptcy Court, will result in the return of all assets in kind – valued at well over $1.7 billion today – to Gemini’s users who have been denied access to their funds for over fifteen months.

Hughes Hubbard advised Stanadyne, and its subsidiary Pure Power, on their section 363 asset sale to S-PPT Acquisition Company, an entity formed by Cerberus, which was the prepetition agent and secured lender. The sale was conducted in the context of Stanadyne’s and Pure Power’s Chapter 11 cases, in which Hughes Hubbard serves as the debtors’ lead Chapter 11 counsel.

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Hughes Hubbard continues to represent Christopher K. Kiplok as Trust Administrator for the Lehman Brothers Inc. (LBI) Liquidating Trust on behalf of certain creditors who decided to become trust beneficiaries rather than “cashing out” at a higher rate of return as part of the historic conclusion of the LBI proceeding. This is the first grantor trust implemented in a liquidation proceeding.

As counsel to the Trust Administrator, Hughes Hubbard continues to administer LBI’s contingent long-horizon assets, including antitrust and securities class action claims arising from financial crisis era litigation. As a result of Hughes Hubbard’s efforts, the Trust Administrator made distributions of approximately $21 million to Trust beneficiaries in January 2023.

Hughes Hubbard was lead debtors' counsel to publicly traded digital services provider AgileThought and 30 of its affiliates in all aspects of their Chapter 11 proceedings.

Two subsidiaries of Minerals Technologies Inc. filed for Chapter 11 protection in Texas to address and comprehensively resolve liabilities associated with talc. Hughes Hubbard represented MTI and its non-debtor affiliates in the cases.

Hughes Hubbard is representing Imerys S.A., a French multibillion-dollar mining company, in connection with the 2019 Chapter 11 filing by its three indirect subsidiaries to address their historic talc-related liabilities in the U.S.

Hughes Hubbard represented AAKB Investments in its defense of a fraudulent transfer claim arising out of AAKB’s receipt of more than $7.8 million in merger proceeds following a go-private transaction of Constellation Healthcare Technologies.