Read about some of the recognition and coverage that our attorneys have received:
Jager Smith and Bruce F. Smith were recently recognized by Chambers & Partners, U.S.A. as leaders in bankruptcy and restructuring in Massachusetts.
Jager Smith has represented the official committee of unsecured creditors in the Chapter 11 bankruptcy cases of Baytown Navigation Inc. and its affiliated debtors, filed in Houston, Texas. In the very early days of the cases, many opined that unsecured creditors were entirely out of the money, with no hope of any recovery given the more than $242 million of senior secured debt, and the more than $36 million of subordinated secured debt. Despite such predictions, the United States Bankruptcy Court for the Southern District of Texas entered an order confirming the Debtors' consensual, second amended liquidating plan, which was the direct result of Jager Smith's formulation of that plan structure, and its successful negotiation with the subordinated secured lenders, and the Debtors and their professionals on the plan economics, which provided for a meaningful return on allowed unsecured claims. Attorneys Bruce F. Smith, Michael J. Fencer, Jonathan M. Horne, and Timothy J. Durken of the firm were involved in the engagement.
Jager Smith has successfully represented the Official Committee of Unsecured Creditors of SW Hotel Venture LLC and its affiliated debtors. On November 14, 2011, the Plan was confirmed by the Bankruptcy Court, providing for a 100% dividend, with interest, for unsecured creditors. Most unsecured creditors received the first payment of one-third of their allowed claim. Thereafter, Prudential Insurance Company appealed to the Bankruptcy Appellate Panel (BAP) and the BAP reversed the confirmation order. The debtor then appealed to the United States Court of Appeals, where the case still resides.
Jager Smith, together with its co-counsel Kavinoky Cook, LLP of Buffalo, New York, succeeded in their representation of an asset buyer in the consolidated Chapter 11 proceedings of K. Van Bourgondien of Virginia, Inc. and Simple Pleasures Flowerbulbs & Perennials, Inc., both pending in the United States Bankruptcy Court for the Eastern District of Virginia. Attorney Michael J. Fencer of Jager Smith and Attorney David A. LoTempio of Kavinoky Cook negotiated the client's private purchase of all, or substantially all of the bankruptcy debtors' assets, and secured their client's acquisition through an Article 9 secured party sale of related intellectual property and trade names from a non-debtor affiliate of the debtors-in-possession. The parties successfully closed the Court approved sale.
Our attorneys are active in multiple industry and charitable organizations on both a local and national level. Come see us at the following events: