Majestic Liquor Stores, Inc. Chapter 11 Lender Representation
Representation of the senior secured lender in the Majestic Liquor Stores, Inc.’s and affiliated Chapter 11 cases filed in the United States Bankruptcy Court in Fort Worth, Texas. The case involved protracted litigation between the lender and Majestic. Haynes and Boone developed a successful strategy, which included the filing of a motion to terminate exclusivity and a proposed plan to merge Majestic into one of its competitors. The firm's strategy and tactics led to the confirmation of a plan of reorganization that resulted in the sale of Majestic into the same competitor proposed by the Haynes and Boone team.
ASARCO LLC v. Americas Mining Corp. (In re ASARCO LLC), Adversary No. 07-02011 (S.D. Tex.)
Assisted bankruptcy and tax counsel with briefing and argument of novel issues of law and preservation of error in adversary proceeding between parent company and wholly-owned, "disregarded" entity over ownership of a $50 million tax refund, liability for more than $100 million in post-petition federal income taxes owed under tax sharing agreement, and liability for taxes attributable to $600 million deferred intercompany gain.
Bristol Resources Corporation
Chapter 11 case involving Bristol Resources Corporation’s operation of oil and gas properties located in Texas, New Mexico and Oklahoma, and an auction process.
Trussway
Represented the largest term lender in the out-of-court restructuring of the debt and equity of this manufacturer of structured building materials.
ExxonMobil - Bankruptcy Counsel
Serve as one of ExxonMobil's national bankruptcy counsel.
Talent Tree, Inc.
Represented the agent for the secured bank group in the out-of-court restructuring of this premier staffing solutions company.
Texas Petrochemical
Represented bank as agent for revolving credit lenders who are owed approximately $50 million by this Chapter 11 debtor in the isobutene and MTBE production business.
Representation of Debtor - EOTT Energy Partners
Represented this crude oil pipeline and marketing company, an affiliate of Enron Corporation, in its fast track pre-arranged Chapter 11. At the time of its Chapter 11 filing, EOTT had $10 billion in annual sales. A major issue in the case was EOTT’s claim against a major pipeline operator for indemnity in respect of massive crude oil spills and discharges. Litigation of liability and damages resulted in very large recovery that contributed to EOTT’s emergence from Chapter 11 as a standalone enterprise.
Perry Gas
Representation of the Creditors' Committee in the Chapter 11 case of a gas production and retail sales company.
Bankruptcy Preparation - Airline
Represented major airline in the representation of several other major air carriers. Also advised major airline management regarding its use of bankruptcy as a means of resolving its difficult labor situation.
Gas Production and Retail Sales Company
Representation of the Creditors' Committee in the Chapter 11 case of a gas production and retail sales company.
Foodservice Company
Serves as national corporate bankruptcy counsel for a global public foodservice company, for a full range of bankruptcy matters all over the United States, including dealing with a customers and suppliers in bankruptcy or on the verge of bankruptcy.
East Texas Steel Company
Represented the Creditors’ Committee in the Chapter 11 case of this steel company in which our attorneys secured bankruptcy court approval to run an auction of the company’s assets. The success of the Committee in putting the company on the market led to the company’s parent infusing sufficient cash into the company to permit a near full recovery to unsecured creditors.
Representation of a Financial Lender
Represented a lender in obtaining confirmation of contested plan of reorganization (while opposing four (4) other plans simultaneously), allowing the one hundred and forty year old company’s operations to continue.
Co-Counsel to Official Committee of Unsecured Creditors of Idearc, Inc.
Represent the Official Committee of Unsecured Creditors of Idearc, Inc. in its Chapter 11 case pending in Dallas. Idearc, the publisher of the Verizon Yellow Pages, was spun off from Verizon in 2006 and filed for bankruptcy protection in March 2009. Idearc owes approximately $3 billion in unsecured debt as well as more than $6.8 billion in secured debt.
Representation of Debtor - First Plus Financial
Represented this major financial services enterprise that specialized in the origination, securitization, and servicing of high loan to value consumer loans. Assets totaled more than $3 billion.
Representation of Indenture Trustee - Greyhound Lines, Inc.
Represented the official committee of bondholders in connection with the involuntary bankruptcy of this national bus transportation company.
Representation of Indenture Trustee - Greyhound Lines, Inc.
Represented the indenture trustee for the holders of Greyhound Lines subordinated notes in its first Chapter 11 case.
Chapter 11 Representation - ASARCO LLC
Represent Americas Mining Corp., the corporate parent of ASARCO LLC, a copper miner and smelter which filed for Chapter 11 bankruptcy protection in Corpus Christi, Texas with approximately $10 billion in claims. Following Chapter 11 filing, ASARCO filed a fraudulent transfer action against Americas Mining Corp., seeking recovery of several billion dollars. Successfully confirmed parent's plan in three-week contested confirmation hearing resulting in dismissal of all fraudulent transfer claims.
Chapter 11 Creditors Committee - American Home Star
Represented the Official Committee of Unsecured Creditors in the Chapter 11 case of this major manufacturer of manufactured housing.
Bankruptcy - Fitness Equipment Retailer
Represented the Creditors’ Committee of this regional chain of fitness equipment retailers in its bankruptcy in Houston, Texas.
Vallecito Gas, LLC
Representation of Petro Cap, Inc., a potential purchaser of the Hogback Lease in the Vallecito Gas, LLC bankruptcy case. The representation included assisting in specialized negotiations with American Indian tribes over oil and gas properties governed by United States Indian Law.