Todd M. Goren

Partner

New York, (212) 336-4325

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Education

Washington University in St. Louis (B.S., 1998)
;
Georgetown University Law Center (J.D., 2002)

Practices

Business Restructuring + Insolvency

Bar Admissions

New York

Todd Goren has experience in all facets of complex Chapter 11 reorganizations. He has represented official committees, debtor-in-possession lenders, and debtors in a number of prominent insolvency matters. He has represented parties in restructurings in industries such as real estate, mortgage lending, transportation, technology, telecommunications, retail, and energy.

Mr. Goren has also represented parties in the purchase and sale of aircraft-related securities, and has developed particular expertise in complex aircraft financing transactions and all aspects of airline-related restructurings. Mr. Goren also has significant expertise in Bankruptcy Section 363 sales, intellectual property issues in bankruptcy, the treatment of environmental claims in bankruptcy, and in cross-border insolvencies, in particular proceedings under Chapter 15 of the Bankruptcy Code.

Turnarounds & Workouts recognized Mr. Goren among its “Outstanding Young Restructuring Lawyers” for 2012 and 2013. Mr. Goren is recommended by The Legal 500 US 2013, where sources note that he "conveys difficult concepts clearly and concisely."

Residential Capital, LLC

(Bankr. S.D.N.Y.) Counsel to Residential Capital, one of the largest residential real estate finance companies with assets and liabilities each in excess of $15 billion, whose business is comprised primarily of loan servicing and origination, and its subsidiary companies, in their pending chapter 11 cases. Residential Capital was the largest bankruptcy filing of 2012 and the case represents the first time ever that a mortgage servicer was able to successfully continue servicing and originating mortgages in bankruptcy and be sold as a going concern.

In re Los Angeles Dodgers LLC, et al.

(Bankr. D. Del.) Representation of the Official Committee of Unsecured Creditors of the Los Angeles Dodgers in its Chapter 11 bankruptcy. A plan of reorganization was confirmed by the Bankruptcy Court on April 13, 2012, pursuant to which the baseball team was sold for a record $2 billion. Unsecured creditors received a 100% cash recovery under the plan, in what is the largest and most successful restructuring of a sports franchise in U.S. history.

In re Caribbean Petroleum Corp., et al.

(Bankr. D. Del.) Represented the Official Committee of Unsecured Creditors of Caribbean Petroleum Corp., one of the primary importers and distributors of petroleum products in Puerto Rico, in its Chapter 11 case. We successfully negotiated a $24 million insurance buy back from Caribbean Petroleum's liability insurance carrier for the benefit of general unsecured creditors.

In re Hawaiian Telcom Communications, Inc., et al.

(Bankr. D. Haw.) Represented the Official Committee of Unsecured Creditors of Hawaiian Telcom, the leading provider of telecommunications services in the State of Hawaii.

General Growth Properties

(Bankr. S.D.N.Y.) Representation of Eurohypo Bank AG’s New York Branch and a group of lenders that has more than $2.6 billion of exposure to GGP. Soon after confirmation of GGP’s reorganization plan, MoFo worked with the agent to defeat GGP’s objection to the agent’s claim for default interest on the loan, and obtained an order from the bankruptcy court awarding the agent, for the benefit of the lenders, almost $100 million in contract-rate default interest. The decision was appealed by GGP and the case is currently awaiting decision before the Second Circuit Court of Appeals.

Qimonda AG

(Bankr. E.D. Va.) Representation of semiconductor company Qimonda AG in its Chapter 15 bankruptcy case.

In re Mesa Air Group, Inc., et al.

(Bankr. S.D.N.Y.) Represented the Official Committee of Unsecured Creditors of Mesa Air Group, Inc., et al. in their Chapter 11 bankruptcy proceedings.

Icelandic Banks

Represented Glitnir Bank hg. and Landsbanki Islands hf., two of the largest banks in Iceland, in Chapter 15 proceedings.

DBSD North America, Inc

Represents parent company, ICO Global Communications, in restructuring transaction/sale to DISH Networks.

Intel Corp

Represented Intel Corporation as DIP Lender and purchaser of substantially all of the assets of NetEffect, Inc. through bankruptcy 363 sale.

MF Global Holdings Ltd.

(Bankr. S.D.N.Y.) Counsel to Louis J. Freeh, former Federal Judge and former Director of the Federal Bureau of Investigation, as Chapter 11 Trustee for MF Global in its Chapter 11 bankruptcy proceeding. With $41 billion in assets at the time of filing, MF Global was the largest bankruptcy filing of 2011 and the eighth-largest in U.S. history. This case involves a wind-down of an extremely complex global operation and the realization of value from various entities in the MF Global Group, many of which are in their own administration or liquidation proceedings domestically and internationally.