Craig A. Damast

Attorney | New York | (212) 336-4024
(212) 336-4024

Craig Damast is an attorney in the firm’s Business Restructuring & Insolvency Group. Mr. Damast focuses his practice on all aspects and phases of Chapter 11 cases and regularly represents debtors, committees, liquidation trustees, landlords, secured lenders, individual creditors and other parties. He has worked on bankruptcy cases in a multitude of industries, including the real estate, apparel, electric generation, manufacturing, retail, healthcare, theatrical and airline industries.

Prior to joining Morrison & Foerster, Mr. Damast was an attorney at another international law firm in New York. He earned his J.D. from St. John’s University School of Law in 1991 and his B.A. from the University of Pennsylvania in 1988.

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  • (Bankr. D. Del.) Counsel to the ad hoc group of secured and unsecured noteholders in connection with the chapter 11 prepackaged plan of Southeastern Grocers LLC—one of the largest conventional supermarkets in the United States operating under the Winn-Dixie, Bi-Lo, Harveys and Fresco y Más banners—successfully rationalizing its 704-store footprint and restructuring more than $1.5 billion of debt and other obligations, paying unsecured trade creditors in full.

  • (Bankr. D. Del.). Counsel to Maxus Energy Corporation and four affiliated debtors in their chapter 11 cases. Maxus and its affiliated debtors are engaged primarily in the business of managing various oil and gas-related interests, as well as providing environmental remediation management services. The companies have significant environmental remediation obligations and litigation liabilities.

  • (Bankr. D.V.I.) Counsel to HOVENSA LLC, once owner of one of the ten largest oil refineries in the world, in its chapter 11 case. At the time of its bankruptcy filing, HOVENSA had approximately $2 billion of prepetition indebtedness, exclusive of significant legacy liabilities primarily in the form of environmental obligations, pension obligations, and retiree benefits.

  • (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.

  • (Bankr. S.D.N.Y.) Representation of the official committee of unsecured creditors in the chapter 11 cases of Pinnacle Airlines Corp., et al. Pinnacle Airlines operates as Delta Connection for Delta Airlines, the Debtors’ largest customer and post-petition lender. At the time of filing of their bankruptcy petitions on April 1, 2012, the Debtors had 8,000 employees, over $1 billion in annual revenue and operated over 800 flights a day.

  • 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.



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