Asset Purchases from Bankruptcy Estates
Represent and advise parties seeking to purchase assets from Chapter 7 and Chapter 11 bankruptcy estates.
Counsel to Boeing, Boeing Capital Corporation, and their affiliates in commercial transactions including those involving the sale and lease of commercial aircraft, aircraft financing matters and maintenance and supplier agreements.
Negotiated settlement prior to trial dismissing all of plaintiffs’ $191 million in lender liability claims and granting Wachovia and other banks $1.2 million in cash plus additional property on their counterclaims.
General bankruptcy counsel to large developer of residential real estate projects in Oregon and Washington.
General bankruptcy counsel to family owned chain of 34 retail stores, resulting in liquidation sales and payout of over 65% to general unsecured creditors.
Counsel to class, including all Catholic parishes and parishioners in Western Oregon, in first Catholic diocese bankruptcy in United States.
Representation of Boeing and affiliates in a heavily contested motion for appointment of a Chapter 11 trustee based on mismanagement and malfeasance related to CEO and majority owner's stock repurchase prior to insolvency. Motion granted following trial.
In re Delta Airlines Inc.
Counsel to Boeing and Boeing Capital Corporation as creditors and as chair of official committee of unsecured creditors.
In re Philippine Airlines
Represented Boeing as a secured creditor in bankruptcy case involving a sovereign insolvency proceeding in a U.S. Bankruptcy Court ancillary proceeding.
Successful defense of $50 million preference and fraudulent transfer avoidance action brought by liquidating trustee of bankrupt wholesale electrical power trader.
Representation of Boeing and affiliates in airline bankruptcy cases including In re AMR Corporation, et al., (Bankr. S.D.N.Y. 2011), In re Delta Air Lines Inc. (Bankr. S.D.N.Y. 2005), In re Northwest Airlines Inc. (Bankr. S.D.N.Y. 2005), In re U.S. Airways Inc. (Bankr. E.D. Va. 2004), In re Aloha Airlines Inc. (Bankr. D. Haw. 2004), In re ATA Airlines Inc. (Bankr. S.D. Ind. 2004), In re Atlas Air Inc. (S.D. Fla. 2004), In re Hawaiian Airlines Inc. (Bankr. D. Haw. 2003), In re UAL Corporation (Bankr. N.D. Ill. 2002), In re U.S. Airways Group Inc. (Bankr. E.D. Va. 2002), In re TWA Post Confirmation Estate (Bankr. D. Del. 2001), Japan Airlines Corporation (Tokyo 2010)
Counsel to ad hoc committee of Eclipse Aircraft purchasers and owners.