Overview

DLA Piper's dedicated US restructuring lawyers address our clients' needs whenever and wherever they arise on a timely, cost-effective basis. With lawyers in offices across the US, our team has in-depth experience representing and advising companies experiencing financing difficulties, purchasers of and investors in distressed companies, and lenders to and creditors of such companies on complex business reorganizations, troubled company M&A, debt restructurings and financing matters.

DLA Piper can also draw on its network of business lawyers in offices across the US to advise on fiduciary, regulatory, employment, insurance, tax and other matters arising in a restructuring.

Capabilities

  • Handle assignments from the mid-market to the largest national and international restructurings and insolvencies
  • Represent distressed public and private companies, boards, lenders, investors and creditors with respect to in-court and out-of-court restructurings, including exchange offers, pre-packaged, pre-negotiated and traditional bankruptcy cases
  • Have extensive experience in both the boardroom and the courtroom throughout the country
  • Provide knowledge in a wide array of industries, including energy, financial services, health care, hospitality and leisure, real estate, retail, technology and transportation sectors

Experience

Debtor
  • 4 West Holdings, Inc., Orianna Investment, Inc. and 133 affiliates, collectively a health care business that owns and operates skilled nursing homes across seven states, in its chapter 11 proceedings in the US Bankruptcy Court for the Northern District of Texas
  • Abengoa US Holding LLC and affiliates, the US unit of Spanish renewable energy company Abengoa SA, in its chapter 11 and chapter 15 petitions in the US Bankruptcy Court for the District of Delaware in Wilmington. Also represented US Abengoa SA with the approved sale of five ethanol plants in Indiana, Illinois and Nebraska for more than US$355 million
  • Appvion, Inc., the specialty paper company, and five affiliates with their chapter 11 cases in the US Bankruptcy Court for the District of Delaware and subsequent sale to its stalking-horse bidder for US$358.3 million consisting of its prepetition first-lien and debtor-in-possession financing lenders led by Franklin Advisers, Inc.
  • Celadon Group, Inc., a truckload shipping company, in its chapter 11 case in the US Bankruptcy Court for the District of Delaware in Wilmington
  • Mayflower Communities, a 271-unit continuing care retirement community, in its chapter 11 filing in the US Bankruptcy Court for the Northern District of Texas. Assisted in the US$61 million sale of substantially all its assets to Prairie Landing Community, Inc., pursuant to Section 363 of the US Bankruptcy Code
  • PHI, Inc., a helicopter services company, and several affiliates, with their chapter 11 filings in the US Bankruptcy Court for the Northern District of Texas
  • Promise Healthcare Group and affiliates, operator of 14 long-term acute care hospitals, two acute care institutions and two nursing homes across the country, in connection with its chapter 11 filings in the US Bankruptcy Court for the District of Delaware
  • REVA Medical, Inc., a San Diego-based medical device company in connection with its pre-packaged chapter 11 case pending before the United States Bankruptcy Court for the District of Delaware
  • Senior Quality Lifestyles (SQLC), the owner of many continued care retirement communities, in connection with chapter 11 filings in the US Bankruptcy Court for the Northern District of Texas
Distressed M&A
  • Authentic Brands Group, LLC as stalking horse bidder in the acquisition of Nine West and Bandolino footwear and handbag business from Nine West Holdings Inc. for $200 million in cash in connection with its chapter 11 case in the US Bankruptcy Court for the Southern District of New York
  • Authentic Brands Group, LLC in their purchase of the intellectual property of legendary luxury retailer, Barneys New York. ABG's successful bid is in connection with Barneys New York chapter 11 case in the US Bankruptcy Court for the Southern District of New York
  • Authentic Brands Group, LLC that led the consortium that won the bankruptcy auction worth US$243.3 million for Aéropostale Inc., potentially saving 229 of the teen apparel retailer’s stores and preventing a complete liquidation in connection with its chapter 11 case in the US Bankruptcy Court for the Southern District of New York
  • Authentic Brands Group, LLC as a purchaser of the e-commerce business of Frederick's of Hollywood Inc. in connection with its chapter 11 case in the US Bankruptcy Court for the District of Delaware in Wilmington
Creditor
  • ACR Energy Partners, LLC, the largest trade creditor of Revel AC, Inc. and its affiliated debtors, in Revel's chapter 11 cases in the US Bankruptcy Court for the District of New Jersey in Camden
  • US and cross-border counsel to the Nortel Networks ‎Canadian Creditors Committee in the multi-nation insolvency proceedings of Nortel's Canadian parent and its US and EMEA affiliates, including their dispute over how $7.3 billion in global asset sale proceeds should be allocated among them
  • Bridging Financial, Inc. in regards to Hygea Health Holdings, Inc. and its chapter 11 filing in the US Bankruptcy Court for the District of Delaware in Wilmington