Confidential E-Commerce Business

The Togut Firm currently represents a middle market e-commerce brand incubator and aggregator that markets and sells nearly 1,000 products across a dozen brands, including lifestyle, home goods, beauty, nutrition, sports and fitness, maternity, orthopedic, pet supply, and electronic goods. In March 2023, the firm assisted the company and its corporate counsel in negotiating a letter of intent with one of the company’s senior secured lenders and certain preferred equity holders for an out-of-court transaction that will reduce secured debt by more than approximately $70 million and substantially reduce the company’s cost structure.

Confidential Paper Company

In 2022, the Togut Firm assisted a paper company with about 500 employees in preparing for a contested Chapter 11 filing while it negotiated an out-of-court restructuring with its lenders. The company was able to consummate a refinancing transaction that provided new debt and equity capital and refinanced more than approximately $75 million in outstanding secured and unsecured obligations.

Greensill Capital

Main counsel to Greensill Capital, Inc., the U.S.- based subsidiary of the international Greensill supply chain finance business, in connection with its chapter 11 case. Following an extensive marketing and auction process, the debtor closed a section 363 sale of its 100% ownership interests in Finacity Corporation, a leader in the structuring and provision of asset-backed working capital funding solutions, consumer receivables financing, supplier and payables finance, back-up servicing, and transaction reporting around the world. The Togut Firm obtained confirmation of a chapter 11 plan of liquidation that created a litigation trust to pursue claims and causes of action to provide additional recoveries to creditors.

Confidential Real Estate Development

In early 2021, the Togut Firm assisted a Seattle-based real estate developer with evaluating potential bankruptcy options in connection with its refinancing of more than $175 million in mezzanine and mortgage debt through an out-of-court transaction.

Confidential Cruise Ship Company

In late 2020, the Togut Firm served as counsel to the owner of a small cruise vessel in connection with an out-of-court restructuring that enabled the company to obtain sufficient liquidity and restructure its balance sheet during the early stages of the pandemic and avoid a bankruptcy filing. The transaction also resolved outstanding litigation involving certain of the company’s preferred shareholders and one of its key charter counterparties.

Loehmann’s Holdings Inc.

Sole counsel to the debtor women’s fashion apparel chain that operated 48 retail stores in major metropolitan areas.

Our Lady Of Mercy Medical Center

A Bronx hospital was successfully sold as a going concern in Chapter 11 despite having over $100 million in liabilities.

Cabrini Medical Center

Lead counsel to the debtor, a hospital in Gramercy Park, Manhattan, with over $100 million in liabilities.

Fortunoff Fine Jewelry & Silverware, LLC

Lead counsel to the debtor in the successful sale as a going concern of Fortunoff, a nationally known retailer.

Clift Holdings LLC

Lead counsel to the debtor in the successful restructuring of $75 million in debt for Ian Schrager’s premier San Francisco hotel.

Guilford Mills, Inc.

Sole counsel to the debtor, a leading worldwide producer and seller of textiles that successfully restructured over $300 million in secured debt and paid all its unsecured creditors in full under its confirmed Chapter 11 plan.

Dewey & LeBoeuf LLP

Lead counsel in Chapter 11 wind-down and liquidation of the largest U.S. law firm to ever file for bankruptcy.