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The Bankruptcy Files: Sidley Tops $100 Million Mark in Tribune Case
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Home > The Bankruptcy Files: Sidley Tops $100 Million Mark in Tribune Case

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The Bankruptcy Files: Sidley Tops $100 Million Mark in Tribune Case

January 11, 2013

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Robert White, cochair of the bankruptcy and creditors' rights group at Boston's Murtha Cullina, is representing the New England Compounding Center (NECC) in its bankruptcy case, along with partner Daniel Cohn. Court filings by the firm show that it is holding a retainer in the amount of $126,807.

Paul Cirel, head of the health care group at Boston's Collora, and partners Ingrid Martin and Anthony Fuller are seeking to serve as regulatory and enforcement counsel to NECC. Court records show that the firm, whose lawyers are billing between $340 and $575 per hour, has handled such work for the company and has represented cofounder Barry Cadden since 2003. Cadden declined to testify before a congressional hearing in November.

Collora also states in court filings that it has been paid a $10,000 retainer for its services and holds a balance of $299,103 from NECC sister company Ameridose, which ceased operations on October 10 and remains closed until at least February while health officials investigate its operations. (In November the Food and Drug Administration found contamination issues at Ameridose, a hospital drug supplier that is owned by Cadden and his brother-in-law Greg Conigliaro.)

Frederick Fern, coleader of the medical and life sciences team at Harris Beach in New York, is seeking to serve as national coordinating defense counsel in the more than 180 suits filed against NECC since the meningitis outbreak that has claimed 39 lives.

The company's Chapter 11 filing includes a list of litigants with claims against the debtor. Brown Rudnick is one of several firms representing plaintiffs, and this week the Justice Department has sought the appointment of a trustee to handle NECC's bankruptcy because of alleged mismanagement at the company.

Revstone Industries

Revstone Industries, a Lexington, Kentucky–based manufacturer of components for use in the heavy truck industry, filed for bankruptcy in Delaware on December 3, according to Law360.

Brian Trust, cohead of the restructuring and insolvency practice at Mayer Brown, is leading a team of lawyers from the firm advising Revstone that includes bankruptcy partners Howard Beltzer and Frederick Hyman, and New York litigation cohead Jean-Marie Atamian. Mark Collins, chair of the bankruptcy and corporate restructuring practice at Delaware's Richards, Layton & Finger, is serving as local counsel to the debtor. Neither firm has yet filed billing statements with the bankruptcy court.

Womble's Desgrosseilliers and bankruptcy partner Matthew Ward in Wilmington are representing an official committee of Revstone's unsecured creditors. According to a list of Revstone's 20 largest unsecured creditors, the company owes $288,000 to White & Case's Frankfurt office for professional services. 

Siliken Manufacturing USA

Two U.S. units of Spanish solar equipment maker Siliken became the latest companies in the embattled solar energy sector to turn out the lights this month, as the Carlsbad, California–based subsidiaries sought Chapter 11 protection this month in San Diego.

Ali Mojdehi, a bankruptcy and restructuring partner at Cooley in San Diego, is advising the Siliken companies in their Chapter 11 case. The firm has not yet filed billing statements with the bankruptcy court. Valencia-based parent Siliken has also sought bankruptcy protection in Spain, according to Bloomberg. The American Lawyer recently reported in its Focus Europe supplement that bankruptcy laws in Spain pose problems for companies and investors alike.

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Firms mentioned

    
  • Akin Gump Strauss Hauer & Feld
  • Andrews Kurth
  • Ballard Spahr
  • Berger Singerman
  • Brown Rudnick
  • Cole, Schotz, Meisel, Forman & Leonard
  • Collora LLP
  • Cooley
  • Crowell & Moring
  • DLA Piper
  • Davis Wright Tremaine
  • Gibson, Dunn & Crutcher
  • Harris Beach
  • Jenner & Block
  • Jones Day
  • K&L Gates
  • Kirkland & Ellis
  • Leonard, Street and Deinard
  • Levine Sullivan Koch & Schulz
  • Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor
  • Lowenstein Sandler
  • Mayer Brown
  • McDonald Hopkins
  • Paul, Hastings, Janofsky & Walker
  • Reed Smith
  • Richards, Layton & Finger
  • SNR Denton
  • Seyfarth Shaw
  • Shumaker, Loop & Kendrick
  • Sidley Austin
  • Skadden, Arps, Slate, Meagher & Flom
  • Sullivan & Cromwell
  • Weil, Gotshal & Manges
  • White & Case
  • Womble Carlyle Sandridge & Rice
  • Young, Conaway, Stargatt & Taylor

Companies, agencies mentioned

    
  • Siliken Manufacturing USA
  • Clearlake
  • Waukesha, Wisconsin?based Golden Guernsey
  • Mandee
  • Agoura Hills, California?based
  • Carlsbad, California?based
  • Homefront
  • Weil Gotshal & Manges
  • Bloomberg LP
  • OpenGate Capital
  • Irvine, California?based Edison Mission Energy
  • Ballard Spahr Andrews & Ingersoll
  • Nachamie Spizz Cohen & Serchuk
  • Landis Rath & Cobb
  • Arps, Slate, Meagher & Flom.
  • Young Conaway Stargatt & Taylor
  • Gibson Dunn & Crutcher
  • Clearlake Capital Group
  • Cassel, DeCiccio & Johnson
  • Kelley & Fulton
  • The Florida Institute for Neurologic Rehabilitation
  • Florida Institute for Neurologic Rehabilitation Allegations
  • Revstone Industries Revstone Industries
  • Sullivan & Cromwell M&A
  • Associated Press
  • Schotz, Meisel, Forman & Leonard
  • Davis Wright Tremaine, Jenner & Block
  • NECC
  • Tampa Bay Business Journal
  • Ameridose
  • World Wrestling Entertainment Inc.
  • Orlando Sentinel
  • Lehman Brothers Holdings Inc.
  • Food Network
  • Big M Inc.
  • Colony Capital Inc.
  • Chicago Cubs
  • Edison International
  • Los Angeles Times
  • Justice Department
  • Brian Trust
  • Major League Baseball
  • Tribune Company
  • Chicago Tribune

Key categories

    
  • Bankruptcy and Creditors and Debtors Rights
  • In-House Counsel and Corporate Law Departments
  • Law Firm Profitability
  • Law Firm Rates and Billing Practices
  • Real Estate/commercial leasing/landlord/tenant

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