Togut, Segal & Segal has the high degree of experience, sophistication and administrative skill required to represent debtors in corporate reorganizations unique in their sheer scale or complexity. We have served as bankruptcy counsel to corporate mega-debtors with assets and liabilities in the billions of dollars, thousands of employees in multiple locations, and hundreds or thousands of creditors holding substantial claims — Chapter 11 "Mega" Cases.
Learn more about our "Mega" Chapter 11 bankruptcy services by contacting our New York law office online or by calling 212-594-5000.
Examples of Past Work Undertaken by Our Bankruptcy Lawyers
It takes a team of attorneys with significant corporate bankruptcy experience to handle the most complex Chapter 11 cases. Our firm has built a tradition of excellence resolving difficult and complicated business bankruptcy matters, often by using innovative ideas to reach the best possible outcome.
Some of our representative "mega" cases include:
- Toisa, Limited.: lead counsel to the debtors, 24 international shipping companies involving 46 vessels and the restructuring of more than $1billion in liabilities.
- SunEdison, Inc.: co-counsel to the debtors ,one of the world's leading developers of renewable-energy solutions, involving the restructuring of more than $8 billion in liabilities.
- Aeropostle, Inc.: co-counsel to the Debtors, a teen clothing retail chain of more than 800 stores involving the restructuring of approximately $260 million in liabilities.
- Dewey & LeBoeuf LLP: Lead counsel to the debtor in the largest law firm bankruptcy ever under Chapter 11. In record time, with the Togut Firm's leadership, the debtor reached a settlement with former partners in a precedent-making partner contribution plan that allowed for confirmation of a Chapter 11 plan in less than nine months. The plan confirmation was fully consensual and the case was done more quickly than any that preceded it.
- Relativity Fashion, LLC: Counsel to the Official Committee of Unsecured Creditors of 143 debtors engaged in motion picture and television production and distribution, resulting in the restructuring of liabilities exceeding $750 million.
- Federation Employment and Guidance Service (FEGS): Co-Counsel to the Debtor, a not for profit health and human services organization servicing more than 120,000 individuals annually
- General Motors: Conflicts counsel to the debtor, the largest domestic automaker and the largest industrial enterprise ever to file for bankruptcy, with an estimated $91 billion in assets.
- Chrysler Group LLC: Conflicts counsel to the debtor, the first of the "big three" domestic automakers to file for bankruptcy, with liabilities exceeding $55 billion.
- Enron Corporation: Co-counsel to the debtor with Weil, Gotshal & Manges LLP in what was then the second largest Chapter 11 case ever filed.
- Corporate Resource Services, Inc.: Counsel to Chapter 11 trustee in cases involving $100 million tax fraud by professional employer organization.
- City of Detroit: Counsel to Chapter 9 municipality, responsible for investigation and prosecution of preferential transfer claims.
- Rockefeller Center Properties: Sole counsel to the debtor in the restructuring of mortgage and other indebtedness involving 12 historic landmarked buildings in the heart of Manhattan.
- Nortel Networks Inc.: Counsel to the Official Committee of Retired Employees; obtained a nearly $100 million settlement for retirees.
- Delphi Corporation, et al.: Conflicts counsel to the debtor, the largest automotive parts supplier in the United States.
- AbitibiBowater Group Inc.: Counsel to debtor Bowater Canada Finance Corporation and responsible for investigating claims, including a claim for more than $600 million against the debtor's corporate parent arising under the Nova Scotia Companies Act.
- Olympia & York Tower B Company: Sole counsel to the debtor in restructuring mortgage and other indebtedness.
- Tronox Inc.: Conflicts counsel to the debtor, one of the world's largest producers and marketers of titanium dioxide pigment with assets and liabilities exceeding $1 billion.
- Ambac Financial Group Inc.: Conflicts counsel to the debtor, a financial guarantee insurance company whose business includes the issuance of insurance policies to support public finance, structured finance, and international finance transactions.
- ContiMortgage Corporation: Lead counsel to the debtor, a billion-dollar consumer finance business that both originated and serviced subprime home equity loans.
- Refco LLC Counsel to the Chapter 7 Trustee for a registered futures commissions merchant in the largest Chapter 7 case ever filed, involving more than $4 billion in assets.
- Loews Cineplex Entertainment Corporation: Co-counsel to the debtor, one of the nation's largest motion picture theater exhibition companies with assets and liabilities exceeding $1 billion.
- Loehmann's Holdings Inc.: Sole counsel to the debtor women's fashion apparel chain that operated 48 retail stores in major metropolitan areas.
- Daewoo International (America) Corp.: Sole counsel to the debtor, the U.S.-based trading arm of the Daewoo group of companies, which successfully underwent what was then the largest nonsovereign debt restructuring in history with aggregate liabilities exceeding $70 billion.
- Frontier Airlines: Conflicts counsel to the debtor, a regional airline, involving over $100 million in liabilities.
- Saint Vincent's Hospitals: Conflicts counsel to the debtor hospitals in a Chapter 11 restructuring involving over $1 billion in liabilities.
- Ames Department Stores, Inc.: Co-counsel to the debtor, the largest regional discount retailer in the United States, which had revenue exceeding $1 billion before it ceased operation.
- SK Global America, Inc.: Sole counsel to the debtor, the U.S.-based trading arm of what was then the third largest conglomerate in South Korea and one of the largest business enterprises in the world.
Contact a New York City Business Reorganization Attorney
Our team of business debt relief lawyers is ready to discuss your company's financial concerns today. Please contact our law office online or schedule your initial consultation by calling 212-594-5000.