Young Conaway is a nationally recognized leader in the field of mass tort bankruptcies. The firm pioneered the use of the prepackaged bankruptcy to resolve asbestos liabilities when it represented Fuller-Austin and negotiated the first successful asbestos prepack. Additionally, Young Conaway represents court appointed representatives for future mass tort victims in over a dozen mass tort bankruptcies, including Babcock & Wilcox, Federal Mogul, Mid-Valley (Halliburton), Pittsburgh Corning, Kaiser Aluminum, and Met-Coil. Together with their colleagues in the tax, corporate, litigation, employment, labor and business transaction, and personal injury practice groups, Young Conaway's bankruptcy attorneys are well equipped to provide sound, creative and effective legal solutions to companies and other parties contemplating or involved in mass tort bankruptcies.
In addition, because of our experience and substantial relationships with insolvency experts around the country, Young Conaway is able to advise clients on all matters pertinent to chapter 11 proceedings, including, among other things, asset sales, financing, debt restructuring, the validity and extent of a secured creditor's liens and claims, valuation, solvency, the analysis, prosecution and defense of potential bankruptcy and non-bankruptcy related causes of action, corporate governance and fiduciary obligations, and the most effective means of maximizing value for a debtor and its constituents.