Hughes Hubbard's Corporate Reorganization & Bankruptcy group represents companies, creditors and trustees in complex restructurings—both in and out of court—and in the multiple types of litigation that insolvency proceedings generate. Deeply experienced and commercially-savvy deal lawyers with a full team of stand-up litigators, our group consists of more than 30 lawyers located across five offices, including Paris, which serves as the hub of our European practice, and Miami, where our Latin American practice is centered.
Having achieved 100 percent recoveries for customers and distributing billions to creditors in the liquidations of Lehman Brothers Inc. and MF Global Inc., the largest and eighth largest bankruptcies in history, and having represented the receiver of Washington Mutual, the largest failed bank to date, our group is particularly well known in the area of financial services insolvency. We also have extensive experience in restructurings involving aviation, commodities, energy, manufacturing, media and entertainment, retail, shipping and technology. In addition, our group’s partners serve as fiduciaries in multiple capacities, including as Examiners, Trustees, and Directors.
The group’s prowess is routinely recognized by The Deal, Chambers USA, Legal 500, and Global Restructuring Review. We count among our group a fellow of the American College of Bankruptcy, a contributing author to the leading treatise Collier on Bankruptcy, two Law360 Bankruptcy MVP’s, a Turnaround & Workouts Outstanding Restructuring Lawyer of the Year and two 40 under 40 Lawyers of the Year, and an American Lawyer Dealmaker of the Year. We have been recognized nationally as a “Practice Group of the Year.”
Our Experience
- Lehman Brothers Inc.: Representation of the Trustee in the $123 billion liquidation of Lehman Brothers Inc., the largest bankruptcy in history. Secured a 100% recovery for customers, secured and priority claimants and distributed more than $9 billion to general unsecured creditors
- Republic Airways: Representation of Republic Airways as debtor’s counsel in connection with the company’s $3.5 billion chapter 11 restructuring
- MF Global Inc.: Representation of the Trustee in the $40 billion liquidation of MF Global Inc., the eighth largest bankruptcy in US history. Secured a 100% recovery for customers and secured creditors, and a 95% recovery for unsecured creditors
- GOL Linhas Aéreas Inteligentes S.A. (GOL): Co-counsel to Brazilian airline GOL and 12 affiliates in their successful chapter 11 proceedings, a representation named runner-up in the American Bankruptcy Institute’s International Matter of the Year Award competition
- Azul SA: Representation of a major US carrier in connection with a potential investment in reorganized Azul as it emerges from its chapter 11 case
- Minerals Technologies Inc. (MTI): Representation of multinational mining company MTI in connection with the chapter 11 filings by its subsidiaries to resolve liabilities associated with talc mining and distribution
- AgileThought: Representation of digital services provider AgileThought, Inc. and 31 affiliates in all aspects of their chapter 11 proceedings, which resulted in a $100 million credit bid sale to lender Blue Torch Capital
- Imerys SA: Representation of French multinational mining company Imerys in resolving its exposure to many billions of dollars of tort claims arising from allegations that talc mined and sold by its North American subsidiaries caused personal injuries
- Genesis Global Capital: Representation of Gemini Trust Company – the cryptocurrency trading platform founded by Cameron and Tyler Winklevoss – in connection with Genesis’ loan default and chapter 11 filing, which we resolved for Gemini users by securing a 185% recovery overall at time of distribution
- Nuvo Group: Representation of Nuvo Group USA, Inc. – the distributor of an innovative remote pregnancy monitoring band – and two affiliates in chapter 11 bankruptcy proceedings resolved with the Section 363 sale of the company
- Weiss Multi-Strategy Advisers: Served as court-appointed Examiner in connection with a hedge fund’s chapter 11 proceedings and charged with investigating $20 million in compensation and bonus payments made to Weiss insiders, which resulted in a settlement between the debtors and certain litigation targets
- Stanadyne LLC and Pure Power Technologies: Representation of automotive parts company and its affiliate as lead counsel in their chapter 11 proceedings, which resulted in a Section 363 sale to lender Cerberus Capital
- Grupo Aeroméxico: Representation of Delta Air Lines in its capacity as strategic partner and equity investor in the multibillion-dollar chapter 11 restructuring of Mexico’s largest airline
- DB US Holding Company: Representation of German rail company Deutsche Bahn AG subsidiary in connection with the chapter 11 filing of its former affiliates, which were sold to Berkshire Hathaway
- Airbus Oneweb Satellites: Representation in its restructuring and chapter 11 proceedings, which secured hundreds of millions of dollars in DIP financing and several hundred million dollars more in contractual commitments for the company
- Venator Materials PLC: Representation of Iluka Resources Ltd., the second largest unsecured creditor in Venator’s chapter 11 proceedings, in which we negotiated payment in full of Iluka’s claim
- Paxion Capital Partners: Representation of a private equity firm in chapter 11 cases filed by its portfolio company Lolli & Pops, Inc.
- Patriot National: Representation of a Florida-based insurance services company and 18 subsidiaries as lead debtor's counsel in its chapter 11 restructuring, which was resolved with a plan involving an exit loan facility and a new term loan facility
- GulfMark Offshore Inc.: Representation of DNB Bank ASA as prepetition, DIP and exit lender in connection with GulfMark Offshore Inc.’s $565.2 million chapter 11 restructuring
- Nortel: Representation of the UK administrators of Nortel’s European, Middle Eastern and African affiliates in connection with one of the largest cross-border insolvencies ever, including parallel proceedings in Canada, the US and the UK
- CST Industries: Representation of CST Industries as debtor’s counsel in connection with the tank and dome manufacturing company’s $225 million chapter 11 restructuring
- Receiver for Doral Bank: Representation of the FDIC in the $5.9 billion closure of Puerto Rico’s Doral Bank, the largest bank failure in the US since 2010
- Scout Media: Representation of CBS Corporation as stalking horse bidder in its acquisition of the assets of digital sports media company Scout Media
- iHeartMedia: Representation of Univision Communications as a leading member of the Official Committee of Unsecured Creditors, which, as a group, holds over $40 billion in intercompany claims
- Toys “R” Us: Representation of Hain Celestial Group, Inc. in connection with its vendor-based claim in Toys “R” Us’ $7.9 billion chapter 11 restructuring
- Takata Corporation: Representation of Daicel as a critical vendor in Takata’s $9 billion chapter 11 restructuring
- Longview Power: Representation of MUFG Union Bank as collateral agent and issuer of synthetic letters of credit in multi-billion dollar restructuring of coal power facility
- M&G USA Corporation: Representation of Banco do Brasil in connection with its significant secured claim against certain debtors in M&G USA Corporation’s $1.7 billion chapter 11 restructuring
- The Weinstein Company: Representation of AMC Networks as a creditor in the Weinstein Company's $520 million chapter 11 restructuring
- NII Holdings: Representation of American Tower as one of the largest trade creditors in the $3 billion chapter 11 reorganization
- Worldwide Transportation: Representation of Marcou Transportation Group in connection with the acquisition of Worldwide Transportation pursuant to section 363 of the Bankruptcy Code
- Excel Maritime: Representation of Credit Suisse AG as secured creditor, DIP lender and section 363 purchaser in a $1 billion restructuring of international shipping conglomerate
- Ultrapetrol (Bahamas) Ltd.: Debtor’s counsel in the chapter 11 restructuring of international shipping and service company that operates in seven jurisdictions globally
- Cenveo Corporation: Representation of Cenveo in connection with a Rule 144A debt tender/exchange offer involving $189.7 million in notes
- Mosiac Management Group Inc.: Representation of Caja Paraguaya De Jubilaciones Y Pensiones Del Personal De La Itaipu Binacional (CAJUBI) as chair of Official Committee of Unsecured Creditors in a major chapter 11 restructuring
- Dendreon Corp.: Representation of the Chair of the Creditors Committee in the $640 million chapter 11 restructuring of a pharmaceutical company
- Digital First Media: Representation of Digital First Media in its acquisition of Freedom Communications Inc. pursuant to section 363 of the Bankruptcy Code
- International Ship Holdings: Representation of an unsecured claimholder in connection with the shipping company’s chapter 11 restructuring
- Receiver for Washington Mutual Bank: Representation of the FDIC in the defense and resolution of several lawsuits relating to the sale of mortgage-backed securities
- NSB Advisors: Representation of the largest creditor of investment fund NSB Advisors in the company’s chapter 11 restructuring
- Receiver for IndyMac Bank: Representation of the FDIC in connection with the prosecution and defense of billions of dollars of indemnification claims relating to purchases of banking institutions from the receivership
- Receiver for BankUnited Financial: Representation of the FDIC in connection with analysis of potential claims against officers and directors of the failed banking institutions; as well as in connection with many transactions involving the packaging and sale of assets acquired from insolvent banking institutions
- Delta Petroleum Corporation: Representation of Delta Petroleum, a public oil and natural gas exploration company, as chapter 11 debtor’s counsel, and eight affiliated entities in all aspects of their chapter 11 restructuring
- Affiliated Media, Inc.: Representation of Affiliated Media as lead restructuring counsel in prepackaged bankruptcy of second-largest newspaper publisher in the US. Achieved acceptance of prepackaged plan by virtually all creditors, and confirmation of plan in 41 days
- Eagle Picher: Representation of trustees of a billion dollar trust established to resolve hundreds of thousands of asbestos personal injury cases
- Refco Capital Markets, Ltd.: Representation of largest individual creditor, a Latin American resident, through month long trial and conversion to stock broker liquidation of this Bermuda entity
- Enron Corp.: Representation of Aetna Inc. and affiliates in $1 billion commercial paper litigation
- Spectrawatt: Representation of UK company in recovery of 100% of its advance payments following the bankruptcy of a US solar producer
- MSR Resorts: Representation of the Trump Organization as stalking horse bidder and successful purchaser of the Doral resort in Miami, Florida
- National Envelope Corporation: Representation of Cenveo, the Debtors’ largest competitor, in bidding for substantially all the assets of National Envelope, the largest envelope manufacturer in the United States
- Atrium Corporation: Representation of existing equity holder in acquiring ownership of reorganized chapter 11 debtor via "new value" plan of reorganization. The debtor and its affiliates manufacture residential windows and patio doors
- PBGC: Representation of the Pension Benefit Guaranty Corporation in the Quebecor reorganization and in litigation arising out of the Metaldyne chapter 11
- Nikon: Representation of Nikon Inc. as the largest creditor in the Ritz Camera and Penn Camera reorganization and in litigation arising out of the Circuit City bankruptcy
- Union Bank: Representation of Union Bank in the prepackaged Homer City chapter 11 and other insolvency matters
- Kraft Retail Holding Corp.: Representation of debtor in chapter 11 restructuring involving 80 subsidiaries in the retail sector
- DaimlerChrylser Financial: Representation of DaimlerChrysler Financial in respect of aircraft lease transactions in the Delta Air Lines and United Airlines reorganizations
- Toyota Motor Credit: Representation of Toyota Motor Credit Corp. as secured creditor in the Hi-Lift and Performance Transportation chapter 11 cases
- Loews Corporation: Representation of Loews Corporation affiliates as hotel owner, operator and creditor in the Lake at Las Vegas chapter 11 cases
- ALSTOM: Representation of ALSTOM in connection with its acquisition of substantially all the assets of Power Systems Mfg., LLC in the Calpine chapter 11 cases
- Christie’s: Representation of Christie’s in connection with several chapter 11 cases, including the Barquet, Esmerian, Berryhill and Fred Leighton
- Isetan Japan: Representation of Isetan Japan as landlord and largest creditor in chapter 11 case of Barney’s, Inc., including investigation and litigation of financial and accounting fraud, and franchise relationship covering operation of retail stores in Japan and Southeast Asia
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