Third Circuit Holds Bankruptcy Trustee May Relinquish Derivative “Asset Plundering” Causes of Action for Creditors to Pursue
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Southern District of Texas Enters Temporary Restraining Order Extending PPP Loan Benefits to Debtor in Bankruptcy
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COVID-19 Ripple Effects Are Coming – Lenders Must Get Ready
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Listed in The Best Lawyers in America® Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2009-2025 Litigation – Bankruptcy, 2011, 2015-2025 Listed in Chambers USA, Bankruptcy/Restructuring, 2011-2024 Board Certified in Creditors’ Rights Law by the American Board of Certification Martindale-Hubbell® AV Preeminent Rated Listed in Mid-South Super Lawyers Bankruptcy: Business, 2016-2024 Listed in Alabama Super Lawyers, Bankruptcy & Creditor/Debtor Rights, 2014-2015 In re Colonial BancGroup, Inc. v. Branch Bank & Trust Company, 2:11 cv-00824, in the M. D. of Ala. - Defense of BB&T in lawsuit filed against it by The Colonial BancGroup, Inc., a chapter 11 debtor, seeking to claw-back $300 million in assets of its former subsidiary, the Colonial Bank, which assets BB&T acquired from the FDIC-Receiver after Colonial Bank failed. HealthSouth v. Richard Scrushy -Representation of HealthSouth in the collection of a $2.9 billion dollar final judgment entered against its former CEO arising out of his perpetration of a massive accounting fraud against the company. General Medicine vs. HealthSouth - Representation of HealthSouth in defense of fraudulent transfer claims brought by the holder of a $376 million dollar consent judgement related to the sale of a subsidiary in a leveraged buyout. Representation of International Petitioning Creditors in an involuntary bankruptcy case against a mattress manufacturer located in Alabama. Representation of Secured Lenders in numerous workouts, litigation and bankruptcies. Representation of limited partners in a fraudulent transfer lawsuit against the transferees of their former general partner who absconded with partnership assets. Representation of Judgment Creditors in execution sales and other collection procedures. Representation of public corporation in non-dischargeability action against its bankrupt, former-officer. Representation of Lenders in Litigation against obligors and guarantors. Represented bondholders in creditors’ action obtaining emergency appointment of receiver over assisted living/memory care facility in Alabama. Represented bondholders in obtaining court appointment of receiver over two assisted living/memory care facilities in Florida, acquisition of the facilities at receivership sale, and subsequent re-sale of the facilities post-receivership. Represented secured lender in workout of two separate loan facilities to related borrowers/owners/operators of assisted living/memory care communities in Florida. Represented secured lender in workout of loan to assisted living/memory care facility in Florida. Represented court-appointed receiver in receivership and stalking horse sale proceedings involving three assisted living/memory care facilities in Texas.