In the News

Haynes and Boone Bankruptcy and Business Restructuring Practice Honored at 2011 Turnaround Atlas Awards

NEW YORK – Haynes and Boone, LLP has been awarded the Chapter 11 Turnaround of the Year ― Middle Markets Award in the 2011 Turnaround Atlas Awards program for its successful representation of a second-lien agent and a second-lien lender group in the FX Luxury Las Vegas I, LLC bankruptcy case.

Haynes and Boone Partner Lenard M. Parkins led the team in the case in the Las Vegas bankruptcy court. On behalf of the clients, the team obtained ownership of a 17-acre mixed use commercial property located on the Las Vegas strip across from CityCenter development. >>



Recent Publications

Law360 Guest Column: Case Study - In Re Village At Camp Bowie

Law360, New York (August 25, 2011) -- Bankruptcy Judge Michael Lynn of the Northern District of Texas recently issued a noteworthy opinion in In re Village at Camp Bowie I LP that addresses two important Chapter 11 confirmation issues. >>

Weathering the Storm: Bankruptcy Court Permits Minimal Artificial Impairment and Applies Investment Band Approach to Determine the Cram-Down Rate Under Till

Bankruptcy Judge Michael Lynn of the Northern District of Texas recently issued a noteworthy opinion in In re Village at Camp Bowie I, L.P. that addresses two important Chapter 11 confirmation issues. >>



Jarom Yates

Associate

Dallas


2323 Victory Avenue
Suite 700
Dallas, Texas 75219
T +1 214.651.5139
F +1 214.200.0784

Areas of Practice

Education

  • J.D., Vanderbilt University Law School, 2009
  • B.A., Spanish Translation and English Literature, Brigham Young University, 2005

Bar Admissions

  • Texas, 2009

Jarom Yates is an associate in the Bankruptcy and Business Restructuring Practice Group in the Dallas office of Haynes and Boone, LLP.

Selected Representative Experience


Innkeepers USA Trust
Representation of Midland Loan Services, the special servicer for an $825 million mortgage debt, in the Chapter 11 case of InnkeepersUSA Trust. Innkeepers' attempt to enter into a plan support agreement regarding a debt-for-equity swap was defeated. Midland's efforts resulted in the properties being placed on the market and a substantial increase in creditor recoveries.

Bosque Power Company, LLC
Representation of Prepetition Agent and Working Group of Lenders in the 2010 Chapter 11 of Bosque Power Co LLC and its affiliates. The Texas-based electricity generation company borrowed approximately $410 million in January 2008 in part to fund a conversion of two of its combustion turbines. The Prepetition Agent and the Working Group of Lenders terminated the exclusivity period and confirmed a plan of reorganization in the fall of 2010.

FX Luxury Las Vegas, LLC - Bankruptcy
Representation of second lien agent and certain second lien (junior) lenders in the FX Luxury Las Vegas I, LLC bankruptcy case in the Las Vegas, Nevada bankruptcy court. Successfully obtained ownership for the firm's clients of a seventeen-acre property located on the Las Vegas strip across from City Center.

Online Publications

08/25/2011 - Law360 Guest Column: Case Study - In Re Village At Camp Bowie
Law360, New York (August 25, 2011) -- Bankruptcy Judge Michael Lynn of the Northern District of Texas recently issued a noteworthy opinion in In re Village at Camp Bowie I LP that addresses two important Chapter 11 confirmation issues.

08/11/2011 - Weathering the Storm: Bankruptcy Court Permits Minimal Artificial Impairment and Applies Investment Band Approach to Determine the Cram-Down Rate Under Till
Bankruptcy Judge Michael Lynn of the Northern District of Texas recently issued a noteworthy opinion in In re Village at Camp Bowie I, L.P. that addresses two important Chapter 11 confirmation issues.

08/16/2010 - The Lehman and Charter Attack on Ipso Facto Clauses
Congress included five sections in the Bankruptcy Code that limit the enforcement of ipso facto clauses in a bankruptcy case (“Anti-Ipso Facto Sections”).

05/12/2010 - Lehman Brothers: Priority of Collateral
On February 5, 2010, the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) issued a ruling (the “Memorandum Opinion”) creating a new wrinkle in the Lehman Brothers bankruptcy cases.
© Bloomberg Finance L.P. 2010. Originally published by Bloomberg Law Reports. Reprinted by permission.

03/31/2010 - Weathering the Storm: The Mervyn's Holdings Decision: A Lesson for Sellers and Equity Firms Participating in Leveraged Buyouts
The recent case of Mervyn’s LLC v. Lubert-Adler Group IV, LLC, et al. (In re Mervyn’s Holdings, LLC), serves as a warning to sellers and equity firms participating in leveraged buyouts to be wary of the effect such buyouts will have on creditors of the target company.