Representative Matters

Triangle Petroleum

Triangle Petroleum is an independent energy holding company with a strategic focus in the Williston Basin of North Dakota.  Triangle Petroleum commenced its bankruptcy case to consensually restructure approximately $167 million in secured not obligations in accordance with a pre-packaged plan of reorganization, which was confirmed after approximately six weeks.  As a result of Triangle Petroleum’s plan, JP Morgan Securities, LLC obtained 100% of the new common stock of the reorganized entity, and general unsecured claims were left unimpaired. Young Conaway served as co-counsel to the debtor with Paul, Weiss, Rifkind, Wharton & Garrison LLP, and served in a lead capacity in many aspects of the case.

Bon-Ton Stores

Bon Ton Logo

The Bon-Ton Stores, Inc. and its affiliated debtors were a leading hometown department store retailer with 256 stores located in twenty-three states in the Northeast, Midwest and upper Great Plains.  The Bon-Ton debtors commenced their bankruptcy cases due to adverse trends in the retail industry, including consumers’ shift from shopping in brick-and-mortar stores to online retail channels.  Following a marketing and sale process and auction, the Bon-Ton debtors ultimately sold substantially all of their assets to a joint venture led by Bon-Ton’s second lien noteholders.  Young Conaway was retained as co-counsel in Bon-Ton’s bankruptcy cases with Paul, Weiss, Rifkind, Wharton & Garrison LLP.