Cases
Representative Matters: Bankruptcy Cases
Penrod Drilling Company
Placid Oil Company, Dallas, Texas, representing European American Bank in connection with $110 million of secured loans to an off-shore drilling rig partnership
a major closely held oil
gas producing company owned by Nelson Bunker Hunt, William Herbert Hunt
Lamar Hunt
Arrowhead Jewelry Company, San Francisco, California, representing the First National Bank of Boston, Rhode Isl
Hospital Trust
Bankers Trust Company in connection with $40 million of secured loans to a jewelry manufacturing company with facilities in San Francisco, New York
Rhode Isl
.
Homestead Provision, Inc./Giant Snacks, Inc., San Francisco, California, representing American Financial Corporation in connection with $6 million of secured loans to a West Coast producer of meat snacks
sour dough chips.
Wickes Companies, Inc., Los Angeles, California, representing Fidelity Bank in connection with $26 million of loans to The Wickes Corporation, Wickes Credit Corporation, Gambles Credit Corporation, Gambles C&M Leasing Company
Wickes Leasing Corporation.
Braniff Airways, Incorporated, Dallas, Texas, representing thirteen insurance companies, including The Prudential Insurance Company of America, New York Life Insurance Company, Mutual Life Insurance Company of New York, Connecticut General Life Insurance Company,
Aetna Life Insurance Company, in connection with approximately $200 million of debts secured by aircraft
other assets of Braniff.
Brooks Shoes Manufacturing Company, Inc., Philadelphia, Pennsylvania, representing the debtor in the restructuring of this running shoe business.
1818 Market Street, Philadelphia, Pennsylvania, representing Bankers Trust Company, the first mortgage holder for $52 million in connection with the restructuring
eventual foreclosure against a forty-story office building.
Mel Powers Investment Builder, Houston, Texas, representing European American Bank in connection with the recovery of its $15 million secured loan to this Houston office building developer.
Dentalloy, Inc. Costa Mesa, California, representing the Chairman of the Unsecured Creditors' Committee, Engelhard Corporation, in connection with preparing
confirming the first Creditors' Plan of Reorganization which was approved by the Bankruptcy Court for the Central District of California.
Philadelphia Athletic Club, Inc., Philadelphia, Pennsylvania, representing the secured creditor, Equitable Life Assurance Society of America, in connection with the bankruptcy of this office building.
Abbotts Dairies of Pennsylvania, Inc., Philadelphia, Pennsylvania, representing American Financial Corporation, the senior secured creditor in connection with collection of approximately $8 million of secured debt.
Out of Court Workouts
Representing a secured lender in connection with the restructuring of three companies based in Great Britain: one in the international project development sector involving approximately $35 million, one in the international trading
shipping sector involving approximately $40 million
one in the entertainment sector in Great Britain
Spain involving approximately $14 million.
Representing a major U.S. insurance company in connection with restructuring of its investor interests in several Texas-based, off-shore drilling rig limited partnerships, involving approximately $170 million of debt
equity investment.
Representing the largest Caterpillar tractor leasing company in California in connection with restructuring $75 million of its secured debt to various lenders.
Representing the third largest Caterpillar dealership in California in connection with the restructuring of $25 million of secured debt to its various lenders.
Representing the secured lender in connection with the collection of $10 million of secured debt, including the foreclosure on
disposition of a 3500-acre recreational
ski resort in Pennsylvania.
Representing the Middle Eastern investor interests in a mixed-use condominium
hotel project in Philadelphia
participating in attempted restructuring of $50 million of secured debt on the project to various lenders.
Representing a high-tech architectural
engineering firm in Boston, Massachusetts in connection with its restructuring of approximately $100 million of secured bank debt.
Counsel to a leading national financial institution serving as trustee for a note issue by a predecessor of a multinational environmental concern,
its affiliates, filed proceedings in Toronto, Ontario,
chapter 11 cases in Wilmington, Delaware. In pre-petition negotiations
recovery efforts, Duane Morris formed an informal noteholders committee,
advised our client on serving on the creditors committee in the chapter 11 cases. We advised the trustee
the bondholders regarding potential recoveries,
participated in intense negotiations leading to a successful outcome for the noteholders.
Counsel to a national law firm defending against a charge of breach of duty
failure to disclose material Information by its former chapter 11 debtor client. After extensive litigation in the bankruptcy
district courts, the firm achieved complete success for the client in the United States Court of Appeals for the Third Circuit.
Counsel to a national law firm defending against a multimillion dollar damage claim by the chapter 7 trustee of the firm's former chapter 11 debtor clients charging the firm with breaching its duties of fidelity
confidentiality. Duane Morris achieved a settlement after intensive discovery but before trial, which involved a small contribution to the chapter 7 estates to avoid the cost of further litigation.
