Majestic Liquor Stores, Inc. Chapter 11 Lender Representation
Albergotti, Robert D.
Services: Bankruptcy and Business Restructuring
, Retail and Restaurant Companies
, Loan Workouts and Bankruptcies
, Restructuring, Workouts, and Recapitalizations
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.