Gibson, Dunn & Crutcher LLP specializes in representing creditor and stakeholder groups in complex restructurings and liability management, with the New York-based team responsible for executing and defending a trend setting transaction for the lenders to Serta Simmons Bedding which was widely replicated in the distressed finance market. Scott Greenberg focuses on representing debtors and creditors in in-court and out-of-court restructurings, alongside Steven Domanowski‘s practice dealing with restructuring and corporate finance, having represented a diverse range of parties in liability management transactions and distressed debt transactions. David Feldman's practice is centered around the representation of banks, hedge funds, private equity firms and companies in a wide variety of bankruptcy cases and out-of-court restructurings. Michael Cohen represents ad hoc groups in bankruptcies and insolvency matters, and has represented numerous debtors in connection with their chapter 11 cases. AnnElyse Gains, based in Washington DC, is noted for her focus on corporate restructurings, distressed financing and liability management transactions, having advised boards of directors and senior management. In 2023, both C. Lee Wilson, from Jones Day and Joseph Zujkowski, from O'Melveny & Myers LLP joined the practice. Unless otherwise mentioned, all lawyers are based in New York.
Key clients
- Ad Hoc Group for Secured Lenders of Serta Simmons Bedding
- Ad Hoc Group of First Lien Lenders to Envision Healthcare
- Ad Hoc Group of Secured Lenders to Diamond Sports Group
- Ad Hoc Group of First Lien Lenders to Mallinckrodt plc
- Ad Hoc Group of First Lien Creditors to Endo International plc
- Ad Hoc Group of Term Lenders to Intrado
- Ad Hoc Group of Term Lenders to Finastra
- Ad Hoc Group of Term Lenders to JoAnn Fabrics
- Ad Hoc Group of Lenders and Noteholders to Venator Materials
- Ad Hoc Group of Term Lenders to Cyxtera Technologies
- Ad Hoc Group of Secured Lenders and Noteholders to National CineMedia
- Ad Hoc Group of Term Lenders to Robertshaw
- Ad Hoc Group of Term Lenders to Loyalty Ventures Inc.
- Ad Hoc Group of Term Lenders to Elevate Textiles
- Ad Hoc Group of Term Lenders to West Marine
Work highlights
- Achieved a victory for the closely watched trial for an Ad Hoc Group for Secured Lenders of Serta Simmons Bedding in the United States Bankruptcy Court, with new liquidity and capital structure relief while also representing a seminal decision related to position enhancement transactions.
- Representing the Ad Hoc Group of Secured Creditors in connection with Diamond Sports Group in their Chapter 11 filing to curt more than $8 billion in debt to strengthen its balance sheet with $425 million of cash on hand.
- Advising the Ad Hoc Group of First Lien Lenders in the Chapter 11 cases of Envision Healthcare, one of the biggest portfolio companies of KKR, to restructure $7.4 billion in liabilities while continuing to care for more than 30 million patients each year.
Lawyers
Practice head
The lawyer(s) leading their teams.
Scott J. Greenberg, David Feldman