Supreme Court Hears Oral Argument in Jevic on Whether Distribution of Settlement Proceeds May Depart From Statutory Priority Scheme
Doug has deep experience representing lenders, debtors and official and ad hoc committees. He works primarily with bank and hedge fund investors and co-leads Orrick’s hedge fund client initiative.
Chambers USA rates him in Band 3, calling him “a shining star . . . able to apply both a legal mindset and a businessperson’s mindset to distressed situations.” Doug is also recognized by Legal 500 as an “excellent performer” for his work in both Municipal Bankruptcy and Corporate Restructuring.
Prior to joining Orrick, Doug was special counsel at Cadwalader, where he was best known for his representation of the United States Treasury in the bankruptcies of both General Motors and Chrysler (M&A Advisor’s Magnus Deal of the Year). Treasury also retained Doug in the restructuring of several financial institutions.
Doug is currently representing an off shore drilling company and bondholders in several distressed energy and infrastructure situations.
Energy and Commodities:
An offshore drilling company in the restructuring of approximately $4 billion in secured and unsecured debt.
Renco Group in the appeal of fraudulent transfer litigation in the Magnesium Corp. bankruptcy.
Wells Fargo in the restructuring of Chesapeake Energy Company’s secured debt.
Creditors in the bankruptcy of EFH.
Debtors’ counsel in the restructuring of Mirant and LyondellBassell.
Infrastructure and Shipping:
Lenders’ and Agent’s counsel in the restructuring and bankruptcy of Indiana Toll Road.
Lenders’ counsel in the bankruptcy of Eagle Bulk Shipping.
Counsel to the borrower in the restructuring of Pocahontas Parkway toll road.
Bondholders in the restructuring of Puerto Rico.
Bidders for the DIP loan and bondholders in the restructuring and Chapter 9 bankruptcy of Detroit.
Bondholders in the Chapter 9 bankruptcy of Jefferson County, Alabama.
Bondholders of the Chicago Board
Bondholders with respect to the potential restructuring of a satellite company.
Lenders in the bankruptcy of Contec Holdings, Ltd.
Landlords in multiple recent retail bankruptcies.
Lenders in multiple real estate restructurings and bankruptcies.
Carl Icahn in the Blockbuster bankruptcy.
United States Treasury in the bankruptcies of GM, Chrysler and CIT Group and the workout of other TARP investments.