Residential Capital, LLC
(Bankr. S.D.N.Y.) Lead 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.
MF Global Holdings Ltd.
(Bankr. S.D.N.Y.) Advised on various issues in relation to the UK MF Global estates in order to recover assets for the Chapter 11 estates, including claims into the estate of MF Global UK Limited in relation to which KPMG was appointed as the Special Administrator under The Investment Bank Special Administration Regulations 2011. This is the first time that the Special Administration Regime has been used; it was implemented in order to address difficulties that were highlighted following the failure of Lehman Brothers.
In re Ambac Financial Group, Inc.
(Bankr. S.D.N.Y.) Representation of the Official Committee of Unsecured Creditors in one of the largest Chapter 11 cases filed in 2010.
The Resolution Committees of Glitnir Bank hf. and Landsbanki Islands hf.
Representation of two of the largest banks in Iceland, on issues related to securities matters, restructuring of assets, cross-border conflicts of law, and litigation matters as well as providing advice related to the global settlement of claims. In addition, MoFo worked with the Icelandic banks to harmonize their winding-up procedures with those of the United States, the European Union, and Canada.
State of Rhode Islands’s Department of Business Regulation
As lead lawyer representing the insurance division of the State of Rhode Island’s Department of Business Regulation, successfully obtained approval from a Rhode Island state court for the first-ever proposed discharge and liquidations of the obligations of a solvent insurer in the U.S. (In Re: GTE Reinsurance Company Limited).
Madoff Proceedings
Representation of the liquidators of several hedge funds that invested directly or indirectly in BMIS in proceedings in the United States, Cayman, BVI and Europe.
Sumitomo Corporation
We represented Sumitomo Corporation in the Apex Silver Mines Limited Chapter 11 case as pre-petition secured lender, DIP lender, and acquirer (from Apex's non-debtor subsidiaries) of Minera San Cristobal, the largest silver, zinc, and lead mine in Bolivia.
U.S. Subsidiaries of Hampson Industries PLC
Representation of the U.S. operating subsidiaries of Hampson Industries PLC, a U.K. publicly-traded company and global manufacturer and supplier of engineered products to customers in the aerospace and specialist engineering markets, in connection with their out-of-court restructuring and ultimate sale to American Industrial Partners for approximately $44 million.