Insolvency-Related Transactions

Our lawyers have represented a variety of constituencies in a wide range of transactions in the course of formal bankruptcy proceedings as well as other workouts and restructurings.

Our lawyers have represented investors such as financial institutions, creditors, private equity firms, and hedge funds purchasing and acquiring distressed companies and assets, including the following:

• Totality Corporation in the acquisition of the debtor in In re Breakaway Solutions.

• IndyMac Bank in the acquisition of assets and retail offices of the debtor in In re American Home Mortgage.

• Hellman & Friedman as proposed equity financer of an alternative plan of reorganization for large cement and building products companies in In re Lone Star Industries, et al.

• Leprino Foods Company as a creditor and the acquirer of a large cheese processing plant in In re Knudsen, Inc.

• The Bank of California in disposing of more than twenty rural cable television systems in a multi-district federal receivership.

• Godfather's Pizza in In re Sambo's Restaurants, Inc., including a postpetition loan to finance conversion of Sambo's restaurants to the Godfather's Pizza format, coordinating perfection of interests in leases, litigating with landlords on lease assumption issues, addressing objections to confirmation of the Chapter 11 plan, and collection of loans.

• A Chicago-based investor group in acquiring assets of telecommunications company in In re Voice Bank Communications.

Our lawyers have developed and successfully confirmed pre-packaged plans for debtors to implement operational and financial restructurings and sales, including:

• Representing MPath Interactive, Inc. in its acquisition of Catapult Entertainment, Inc. through a pre-packaged plan of reorganization.

• Representing the acquirers in a pre-packaged chapter 11 plan for the Sugar Bowl Corporation ski resort.

• Representing an acquirer through a pre-packaged chapter 11 plan in In re General Cellular Holdings Corporation.

Lawyers in the FRI Department also have represented:

• Assignors in several assignments for the benefit of creditors including Linux Networx and MVP.com.

• A major movie studio in negotiating and documenting credit default swap transactions.