Represent all types of constituencies in workouts and chapter 11 bankruptcy cases
Have represented institutional lenders, including indenture trustees, in the workout, bankruptcy or restructuring of billions of dollars of secured debt across a wide spectrum of industries including, real estate, hotels, health care, steel, publishing, textiles, paper, retail, automobiles, manufacturing, toys, distribution and fast food
Pioneered the negotiation and implementation of prepackaged chapter 11 cases
Represent
Institutional lenders, including indenture trustees
Chapter 11 debtors
Acquirers of assets from chapter 11 debtors
Landlords and tenants in bankruptcy cases
Representative Cases
Notable bankruptcies in which Doug has played an important role include Copperfield Investments, LLC (Chapter 11 Trustee), Refco, Inc. (stalking horse bidder), Dan River, Inc. (indenture trustee), Wilcox & Gibbs (indenture trust), General Media, Inc. (indenture trustee), Farmland Industries (financial advisor to debtor), Weirton Steel Corporation (large bondholder), LTV Network’s, Inc. (creditor’s committee), Marvel Entertainment (successful plan proponent), Olympia & York (bondholder’s committee), Alert Holdings (equity committee), Ames Department Stores (special litigation counsel to creditor’s committee), Coleco (senior secured creditor) and Texaco, Inc. (debtor)
Chapter 11 debtor representations include a prominent destination resort hotel, a 107-unit retail chain and the largest New York City cooperative corporations to successfully emerge from chapter 11
Represented acquirers of a variety of significant assets from chapter 11 debtors including the successful purchasers of a major New York City office tower, a well-known hotel franchise, airplane equipment and many retail locations
Bar Admissions
New York
Legal Career
Joined Golenbock Eiseman Assor Bell & Peskoe LLP in December 2004
2001-2004: Managing Director, Trinity Capital, LLC with primary responsibility for the activities of Trinity Opportunity Fund, LP, a private equity fund that specialized in acquiring assets or debt of middle market businesses. While at Trinity Capital, assisted with the Firm’s financial advisory practice including its representation of the debtor in Farmland Industries and the creditor’s committee in the Future Beef chapter 11 case
Partner and associate, Battle Fowler LLP and Weil, Gotshal & Manges
Author/Speaker
Author, “Beyond the Economics of Distressed Investing,” Buyside Magazine (August 2004) (with Andrea Schwartz)
Speaker, “Looking to Buy Assets at a Bargain? Try Bankruptcy Court,” Association of Corporate Counsel, Seminar, January 27, 2004
Author, “What Institutional Lenders Can Expect From The Business Aspects of the Pending Bankruptcy Legislation,” 118 Banking Law Journal 520 (2001)
Author, “Secured Creditors Playing to Win in a Single Asset Chapter 11 Case,” 4 Journal of Bankruptcy Law and Practice 177 (1995)