Acquisition of Ashley Stewart by GB Merchant Partners
N/AOUTCOME: Successful acquisition of the company from Urban Brands Inc.
Received the Turnaround Atlas Award for "Turnaround of the Year ($5 million plus)"
New York, NY
Chapter 11 bankruptcy Lawyer at New York, NY
Practice Areas: Chapter 11 Bankruptcy, Bankruptcy & Debt
OUTCOME: Successful acquisition of the company from Urban Brands Inc.
Received the Turnaround Atlas Award for "Turnaround of the Year ($5 million plus)"
OUTCOME: Successful acquisition
Received the Turnaround Atlas Award for "Special Situation M&A Deal of the Year (middle markets)"
OUTCOME: Provided for the reduction of Cygnus’ secured indebtedness from more than $206 million to $60 million
Received the Turnaround Atlas “Pre-Packaged Chapter 11 Reorganization of the Year†award for the restructuring of companies with less than $1 billion in assets.
OUTCOME: CIT satisfied all of the conditions required to consummate the prepackaged Plan of Reorganization (the "Plan") and successfully distributed new debt and equity securities.
CIT Group received the Turnaround Atlas Award for the “Pre-Packaged Chapter 11 Reorganization of the Year†for companies with more than $1 billion in assets. It was the fifth largest Chapter 11 res ... tructuring ever.
OUTCOME: Successful reorganization
Bally Total Fitness received the “Chapter 11 Reorganization of the Year†award for companies with $500 million - $1 billion in assets. The reorganization plan cleared the way for the U.S. health cl ... ub operator to emerge from Chapter 11 by reducing its debt by roughly $700 million to less than $100 million.
OUTCOME: Successful reorganization
Charter Communications, Inc. received the Industry Turnaround Award of the Year for the “Telecom & Technology†category. U.S. Bankruptcy Judge James Peck said the bankruptcy plan resolved one of th ... e most complex battles ever between a company and a lender and will also allow the fourth-largest cable operator to “flourish.â€
OUTCOME:
Largest bankruptcy filing in United States history.