Patterson Belknap is particularly known for its active and effective litigation in bankruptcy court. It represents several major corporations in preference and related bankruptcy litigation on a coast-to-coast basis, but concentrates in handling complex litigation arising from bankruptcy cases. Noteworthy recent matters include:
- Representation of a major financial institution in a negligence suit against a nationwide accounting firm upon which it relied in lending to a bankrupt manufacturer.
- Representation of a nationwide accounting firm in litigation brought by financial institutions which relied on it in lending to a bankrupt commodities trader.
- Representation of a large foreign bank in its efforts to avoid fraudulent conveyance through the use of Liechtenstein trusts and similar asset protection vehicle.
- Representing a large real estate developer in bankruptcy proceedings commenced by the developer’s foreign partner. This matter, which was reported extensively in the local and national press and involves one of the most important real estate projects in Manhattan, was litigated vigorously in bankruptcy court and in arbitration proceedings.
- Defending a group of foreign corporations from bankruptcy petitions filed without authorization in New York. In addition to obtaining prompt dismissal of the petitions, the firm obtained the largest sanctions award ever assessed by a bankruptcy court.
- Representing U.S. subsidiaries of a major foreign defense and telecommunications manufacturer in the Bicoastal (formerly Singer) Chapter 11 case and settlement on terms described by the Court as the most favorable obtained by any creditor.