Experience Details

Representation: East Texas Steel Company
Haynes and Boone Team: Elkin, Judith, Phelan, Robin E.
Services: Bankruptcy and Business Restructuring, Creditors Committee and Equity Committee, Mergers and Acquisitions, Restructuring, Workouts, and Recapitalizations
July 1994

Description: 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.