Lenard Parkins

Practices

Industries

Education and Clerkships

J.D., University of Houston Law Center, 1976, Managing Editor, Houston Law Review (1975-76); Order of the Barons Honor Society

B.S., Washington and Lee University, 1970

Bar Admissions

Texas

New York

Court Admissions

United States Supreme Court

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. District Court for the Southern District of New York

U.S. District Court for the Eastern District of New York

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of Texas

U.S. District Court for the Western District of Texas

Profile

Lenard Parkins focuses on the counseling and representation of large corporations, bondholders, indenture trustees, secured lenders, numerous funds, and creditor committees in financial restructurings, litigation, workouts and formal reorganization cases throughout the United States. He has also represented debtors regarding issues of dealing with collective bargaining agreements and the requirements needed to deal with collective bargaining agreements under Section 1113 of the bankruptcy code.

Speeches and Publications

  • "Delaware Bankruptcy Court Declines to Designate Votes of Parties to a Post-Petition Restructuring Support Agreement," Pratt's Journal of Bankruptcy Law, April/May 2013.
  • Speaker on various bankruptcy related topics at various CLE seminars and presentations.

Professional and Community Activities

  • American Bar Association
  • New York State Bar Association
  • Texas Bar Association
  • American Bankruptcy Institute

Recognition

Best Lawyers

Haynes and Boone Maintains Strong Presence in The Best Lawyers in America 2016

The Best Lawyers in America 2016, an annual referral guide listing outstanding lawyers throughout the U.S., has recognized 114 Haynes and Boone, LLP lawyers across more than 60 practice areas.


Published by Woodward/White, Inc. in August 2015

Selected Client Representations

  • Senior bankruptcy and trial counsel representing Midland Loan Services as special servicer on an $825 million senior secured loan collateralized by 45 hotels in the Innkeepers bankruptcy case pending in the Southern District of New York Bankruptcy Court.
  • Representation of an affiliate of The Related Companies in the Chapter 11 case of FKF Madison Group Owner LLC pending in Wilmington, Delaware.
  • 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.
  • Representation of PIM Ashford Subsidiary I, LLC, an affiliate of Ashford Hospitality Trust, Inc., in the Chapter 11 case of Transwest Resort Properties, Inc. pending in Tucson, Arizona.
  • Represents The Penn Traffic Company and its affiliates as Debtors' Counsel in their Chapter 11 cases pending in the United States Bankruptcy Court in Wilmington, Delaware.
  • Represented The Bank of New York as agent for the first lien lenders in Wellman, Inc.'s Chapter 11 case in the Southern District of New York. Successfully defeated efforts by the Debtor and junior lien holders to effect a cramdown valuation of the agent's collateral. The Court found the value of the agent's collateral to be twice the amount proposed at trial by the debtor and junior lienholders.
  • Represents the senior lenders in the Chapter 11 cases of Latham International, Inc. and its affiliates pending in the United States Bankruptcy Court in Wilmington, Delaware.
  • Represents NexBank, SSB and ad hoc second lien lender group in connection with Metroflag workout.
  • Represents secured lenders and equity holders in the cable TV Chapter 11 cases of Broadstripe, LLC and its affiliates pending in the United States Bankruptcy Court in Wilmington, Delaware.
  • Represents secured lenders and equity owners in large retail and distribution Chapter 11 case in Dallas.
  • Represented prepetition secured lenders, that were also DIP and exit financing lenders that became the equity owners of JHT Holdings, Inc., implemented by a debt-for-equity swap in this national trucking company case in the United States Bankruptcy Court for the District of Delaware.
  • Represented Atlas Worldwide Holding, Atlas Air Inc., Polar Air Cargo Inc., in their financial restructuring and successful confirmed Chapter 11 cases in Miami, Florida, on July 16, 2004. This effort included the first restructuring of Enhanced Equipment Trust Certificates (EETC's) through an airline Chapter 11 case. Atlas is headquartered in New York.
  • Represents Highland Capital Management, LP in various restructuring transactions and in Chapter 11 matters throughout the United States. These representations include the Delphi Corporation Chapter 11 case as well as the Solutia, Inc. Chapter 11 case, both in the United States Bankruptcy Court for the Southern District of New York.
  • Represented MAIR Holdings, Inc. in the Mesaba Chapter 11 case in Minneapolis, Minnesota.
  • Represented the secured bank group of La Petite Academy, Inc.
  • Represented the Indenture Trustee and senior secured bondholders in Epic Resorts, LLC Chapter 11 case in Wilmington, Delaware.
  • Represented the senior secured lenders in Nexpak Industries, Inc. in its financial restructuring efforts and pending Chapter 11 case in Canton, Ohio. A pre-negotiated reorganization plan has been filed where the senior secured lenders will exchange a portion of their debt for the new equity of reorganized Nexpak along with holding a performing senior secured debt Instrument.
  • Represented the secured term lenders in the Galey & Lord Industries Chapter 11 case in Atlanta, Georgia.
  • Represented senior secured lender on steering committee and take-out working capital lender in the Trussway Industries, Inc., restructuring in Houston, Texas. 
  • Represented senior secured sender on steering committee in respect of Citation Corporation.
  • Currently represents Sysco Corporation in restructurings and bankruptcy cases throughout the United States.
  • Currently represents the Sygma Network (major food service supplier and subsidiary of Sysco Corp.) in restaurant restructurings throughout the United States.
  • Currently represents Vistar Corporation in respect of acquisition opportunities in restaurant Chapter 11 cases throughout the United States.
  • Represented Continental Airlines as Chapter 11 Debtor in Possession in its first successful Chapter 11 case in Houston, Texas.
  • Represented Buttes Gas and Oil Company as Chapter 11 debtor in possession in its Chapter 11 case in Houston, Texas.
  • Represented the secured bank group in the Box-Crow Cement Company Chapter 11 case in Dallas, Texas.
  • Represented senior secured lender on steering committee in Dade Behring, Inc. restructure in Wilmington, Delaware.
  • Represented the senior secured lenders in Moll Industries Inc.'s, restructure and successful confirmed Chapter 11 case in San Antonio, Texas in 2003. In this case, the senior secured lenders exchanged a portion of their senior secured debt for the equity of reorganized Moll Industries, becoming the new owners of the reorganized company along with holding a performing senior secured debt instrument.
  • Represented First Plus Financial, Inc. as debtor in possession in its Chapter 11 case in Dallas, Texas.
  • Represented the unsecured creditors committee consisting of $250 million of unsecured noteholders in the Commercial Financial Services Chapter 11 case in Tulsa, Oklahoma.
  • Represented Northwest Airlines, Inc. in major Bankruptcy Court litigation in Maine regarding commuter airlines relationship.
  • Represented Bristol Resources as debtor in possession in its Chapter 11 case in Houston, Texas.
  • Represented Castle Dental, Inc. in its successful financial restructuring in Houston, Texas.
  • Represented Northwest Airlines, in Minneapolis, Minnesota in their financial restructurings in 1992-1993 and 1998.
  • Represented Northern Border Pipeline in 2002, a subsidiary of Enron Corporation, in analysis of substantive consolidation issues for Northern Border during the Enron Chapter 11 case.
  • Represented Prime Succession as debtors' counsel in its pre-negotiated successful Chapter 11 case in Ft. Lauderdale, Florida.
  • Represented the Asbestos Tort Claimants' Committee in the first Chapter 11 case of National Gypsum in Dallas, Texas.
  • Represented the Tort Claimants' Committee in the Dow Corning Chapter 11 Case in Bay City, Michigan.
  • Represented Martin Shugrue when he acted as Chapter 11 Trustee for Eastern Airlines.

Bankruptcy

courthouse

Mississippi Bankruptcy Court Approves Global Settlement for Haynes and Boone Clients

A Southern District of Mississippi court has ruled in favor of a group of lenders represented by Haynes and Boone, LLP, approving a global settlement of claims brought by the U.S. Department of Justice and others in bankruptcy proceedings involving Mississippi Phosphates Corporation and its affiliates.

Professional Recognition

  • Recognized by Chambers Global, Chambers & Partners, in Bankruptcy/Restructuring, 2014-2015
  • Recognized by Chambers USA, Chambers & Partners, as a leading lawyer in Bankruptcy in New York, 2012-2014; selected as a "recommended practitioner," 2014
  • Selected for inclusion in The Best Lawyers in America, Woodward/White, Inc., for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2005-2016; Litigation - Bankruptcy, 2014-2016
  • Selected for inclusion in Super Lawyers, Thomson Reuters, 2003-2007, 2009-2014
  • Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent™

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