​Representative Matters

Financial Guarantor
Lead representation in Deutsche Bank AG v. Ambac Credit Products LLC, 2006 WL 1867497 (S.D.N.Y.), LaSalle Bank N.A. v. BNP Paribas, London Branch et al., 08 Civ. 6134 (S.D.N.Y. 2010), NPS LLC v. Ambac Assurance Corp., 706 F. Supp. 2d 162 (D. Mass. 2010), Ambac Assurance Corp. v. Adelanto Public Utility Authority, 696 F. Supp. 2d 396 (S.D.N.Y. 2010), 2011 WL 5553444 (S.D.N.Y. 2011), 2013 U.S. Dist. LEXIS 4703 (S.D.N.Y. 2013), 2013 U.S. Dist. LEXIS 124190 (S.D.N.Y. 2013), and 2014 U.S. Dist. LEXIS 29236 (S.D.N.Y. 2014), Baylor College of Medicine v. Ambac Financial Group, Inc., Civ. No. H-09-3678 (S.D. Tex. 2010), Confederated Tribes of the Warm Springs Reservation v. Ambac Assurance Corp., 2010 WL 4875657 (D. Ore.), Ambac Financial Services, LLC v. Bay Area Toll Authority, 2010 WL 4892678 (S.D.N.Y.), Ambac Assurance Corp. v. Countrywide Home Loans, Inc., 2015 BL 456098 (N.Y. Sup. Ct. Oct. 22, 2015), modified in part and affirmed, 150 A.D. 3d 490 (1st Dep't 2017), on remand 2018 BL 485077 (N.Y. Sup. Ct. Dec. 30, 2018) (successor liability side), Knox Hills LLC v. Ambac Assurance Corp., AAA Case No. 01-15-0004-1154 (2016), and advice and representation of Ambac and other monoline insurers in disputes regarding derivatives.

Major New York Performing Arts Organization
Represented a co-borrower in secured bridge loan that enabled the renovation of a large concert venue to be accelerated by nearly two years.

Federal Reserve Bank of New York
Representation of Maiden Lane III LLC in Bank of America v. AIG Financial Products Corp. et al., 2010 U.S. Dist. LEXIS 130463 (S.D.N.Y.), affirmed in part and dismissed in part, 2013 U.S. App. LEXIS 6866 (2d Cir. 2013).

Large Pharmaceutical & Consumer Products Company
General nationwide representation in bankruptcy proceedings and advice concerning creditors’ rights and commercial transactions for 41 years; examples:

  • representation of client and, in that capacity, leadership of an unofficial committee representing most of the U.S. and international pharmaceutical industry in In re Comprehensive Clinical Development, Inc., et al., Case No. 13-17273-JKO (Bankr. S.D. Fla.), which conceived, organized and financed the solution of interlocking issues pertaining to the storage of sensitive pharmaceutical testing records; and representation of client in the similar In re PRACS Institute San Antonio, LLC, et al., Case No. 13-50743 (Bankr. W.D. Tex.).

  • purchase of binational business and related technology and worldwide patents from sellers recently emerged from Canadian CCAA and Chapter 15 proceedings
  • complex loan to pharmaceutical development company secured by patents
  • debtor-creditor advice regarding project for the development of artificial sweetener product
  • development and implementation of a program to protect its interests in tools, dies and molds placed in the possession of vendors and contract manufacturers and representation in the bankruptcy cases of such vendors and manufacturers
  • securing amounts owed by customers
  • protecting interests in manufacturing equipment and custom products while they are work-in-process in the possession of manufacturers
  • creditors’ rights advice regarding patent and technology licenses and counterparty financial difficulties
  • numerous bankruptcy cases throughout the U.S. (including Enron, Fleming, Foxmeyer, Winn-Dixie, Saint Vincents and Liberty Medical) in various capacities, including creditor, creditors’ committee member or chairman, preference defendant and asset purchaser
  • sales of bankruptcy claims

    Similar Advice and Representation
    Lesser in scope or time, for several large media companies (broadcast and cable TV, newspaper, magazines and books), a greeting card company, several major foundations and other non-profit entities, a mobile telephone manufacturer and numerous European exporters to the United States.

    Major German Industrial Company
    Lead counsel in the four-way restructuring of $135 million contract for the assembly of railcars of Boston T.

    Major Media Conglomerate
    Involvement in all aspects of the nationwide resolution through Chapter 11 of numerous class actions and other claims of consumer fraud in connection with sweepstakes operation, described in In re American Family Enterprises, 256 B.R. 377 (D.N.J. 2000).

    Major Media Conglomerate
    Resolution through Chapter 7 (including litigation with trustee) of a failed joint venture.

    Major Media Conglomerate
    Representation in Chapter 11 of failed licensee (described generally in In re Patient Education Media Inc., 210 B.R. 237 (Bankr. S.D.N.Y. 1997)) and related creditor litigation (see Dinaco, Inc. v. Time Warner, Inc., 346 F.3d 64 (2d Cir. 2003)).

    Creditors’ Committees
    Representation of official committees of unsecured creditors in Chapter 11 cases of media buying and barter company (including protracted litigation and appeals; see generally The Mediators, Inc. v. Manney, 190 B.R. 515 (S.D.N.Y. 1995), and 105 F.3d 822 (2d Cir. 1997)).

    Major Independent Oil Refining & Marketing Co.
    Lead counsel in successful Chapter 11 reorganization involving $200 million in restructured debts (including issuance of $165 million of indentured secured notes).

    Major Foundations
    Advice regarding security and creditors’ rights issues in connection with the largest and second largest art sales in history.

    New York Real Estate Developer
    Representation in bankruptcy, litigation and arbitration with co-developer of $400 million real estate project.

    Supermarket Chain Affiliates
    Representation of affiliates of a major supermarket chain in the Chapter 11 reorganization of the chain and in their own Chapter 11 cases.