Experience

Ascent Resources Marcellus Holdings, LLC

Image of Drilling Tower

Ascent Resources Marcellus Holdings, LLC and its affiliated debtors were formed to acquire, explore for, develop, produce, and operate natural gas and oil properties in the Marcellus Shale basin, one of the largest shale plays in the United States encompassing over 30 million acres across four states in the eastern U.S.  The debtors commenced their chapter 11 cases to obtain approval of a prepackaged plan of reorganization meant to not only reduce debt, but also maintain the underlying value of the debtors’ businesses and position the debtors for future growth.  The prepackaged plan of reorganization was approved 45 days after the commencement of the chapter 11 cases and significantly de-levered the debtors through a debt for equity conversion while providing general unsecured creditors with a 100% recovery.  Young Conaway was retained to represent the Debtors, as co-counsel to Sullivan & Cromwell.

Eagle Geophysical, Inc.

Young Conaway acted as co-counsel to Eagle Geophysical, Inc. and certain of its affiliates in their chapter 11 proceeding before the United States Bankruptcy Court for the District of Delaware. Collectively, the Debtors were a leading international oilfield service company that provided onshore and offshore seismic data acquisition services to energy companies engaged in the exploration and production of oil and gas reserves.

A.B.C. Learning Centres Limited

Young Conaway acted as counsel, with Chadbourne & Parke LLP, to the liquidators and foreign representatives of A.B.C. Learning Centres Limited and certain of its affiliates in their Chapter 15 proceeding . The Debtors operated childcare centers in Australia and elsewhere, including the United Kingdom, the United States of America and New Zealand.

School Specialty, Inc.

Young Conaway serves as co-counsel to School Specialty, Inc. and certain of its affiliates in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors are one of the largest suppliers of supplemental educational products, equipment, and standards-based curriculums to the pre-kindergarten through twelfth grade market in the United States.

In re HomeBanc Mortgage Corporation

Young Conaway served as co-counsel with Alston & Bird LLP to Homebanc Mortgage Corporation and certain of its affiliates in their chapter 11 proceedings. Prior to the petition date, the Debtors originated, serviced and sold mortgages. With the assistance of Young Conaway, the Debtors successfully wound down their operations.

Bicent Holdings LLC

Young Conaway acted as lead counsel to Bicent Holdings LLC and certain of its affiliates in their pre-arranged chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors own and operate two electric power generating facilities respectively located in California and Montana, with an aggregate production capacity of over 168 MW. With the assistance of Young Conaway, the Debtors successfully confirmed their joint plan of reorganization and emerged from bankruptcy protection on August 21, 2012.

Accredited Home Lenders Holding Co.

Young Conaway acted as co-counsel, with Vinson & Elkins, LLP, to LSF MRA LLC, LSF5 Mortgage Line LLC, and Caliber Funding LLC in the chapter 11 proceedings of Accredited Home Lenders Holding Co. and certain of their affiliates in the United States Bankruptcy Court for the District of Delaware.

Alabama Aircraft Industries, Inc.

Young Conaway served as co-counsel, with Alston & Bird LLP, to Alabama Aircraft Industries, Inc. and certain of its affiliates, in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors were an aerospace and defense company whose primary business is providing aircraft maintenance and modification services to the U.S. Government, including complete airframe inspection, maintenance, repair and custom airframe design and modification. With the assistance of Young Conaway, the Debtors successfully sold substantially all of their assets in a 363 sale.

Oriental Trading Company, Inc.

Young Conaway acted as co-counsel, along with Debevoise & Plimpton LLP, to Oriental Trading Company, Inc. and its affilaites in their chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. At the time of the bankruptcy, the Debtors were the largest direct marketers and internet retailers of party supplies, novelties, toys, and children's arts and crafts in the United States. With the assistance of Young Conaway, the Debtors sucessfully confirmed a chapter 11 plan of reorganization and emerged from bankruptcy protection in 2011.

Devon Convenience Holdings

Young Conaway acted as co-counsel to Devon Convenience Holdings, Inc. and certain of its affiliates in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. Prior to their bankruptcy filing, the Debtors were in the business of operating a chain of retail convenience stores that also sold fuel.

Middlebrook Pharmaceuticals, Inc.

Young Conaway acted as co-counsel, along with Alston & Bird, to Middlebrook Pharmaceuticals, Inc. in its chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. At the time of the bankruptcy, the Debtor was a pharmaceutical company focused on commercializing anti-infective drug products that fulfilled unmet medical needs. With the assistance of Young Conaway and Alston & Bird, the Debtor successfully sold substantially all of its assets to Victory Pharma, Inc. in a 363 sale and confirmed a plan of liquidation.

Grant Forest Products, Inc.

Young Conaway acted as co-counsel with Debevoise & Plimpton LLP for Grant Forest Products, Inc. and its affiliated debtors. Prior to the petition date, the Debtors were a leading manufacturer of oriented strand board and owned four mills used to produce this product and other wood products.

Aventine Renewable Energy Holdings, Inc.

Young Conaway served as lead counsel to Aventine Renewable Energy Holdings, Inc. and certain of its affiliates, in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors are a leading producer and marketer of ethanol, an alcohol dervied principally from corn in the United States. With Young Conaway's guidance, the Debtors successfully confirmed their joint plan of reorganization and emerged from bankruptcy protection on March 15, 2010.

Sea Launch Company, L.L.C.

Young Conaway acted as co-counsel, along with Alston & Bird, to Sea Launch Company and its affiliates, in their chapter 11 proceedings before the United States Bankruptcy Court for the District of Delaware. The Debtors provided a reliable, cost-effective, heavy-lift commercial satellite launch service for primarily commercial customers in America, Russia, the Ukraine, and Norway. With Young Conaway's help, the Debtors confirmed a joint plan of reorganization and exited bankruptcy in 2011.

Buffets Holdings Inc. I

Young Conaway acted as lead counsel to Buffets Holdings, Inc. and certain of its affiliates in their chapter 11 proceeding before the United States Bankruptcy Court for the District of Delaware. The Debtors comprised the nation's largest company-owned steak-buffet restaurant chain, and one of the largest national chains in the family dining segment of the restaurant industry. Under the guidance of Young Conaway, the Debtors successfully confirmed their chapter 11 plan of reorganization and emerged from bankruptcy protection on April 28, 2009.

Anderson News, LLC

Young Conaway acted as co-counsel, with Kasowitz, Benson, Torres, & Friedman LLP, to Anderson News, LLC in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors were the second largest wholesaler and distributor of books and magazines in the United States.

KB Toys, Inc. II

Young Conaway acted as co-counsel, along with Wilmer Cutler Pickering Hale and Dorr LLP, to KB Toys, Inc. and certain of its direct and indirect subsidiaries in their chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. The Debtors were, at the time of the chapter 11 proceedings, the nation's leading mall-based specialty toy retailer, with approximately $480 million in annual sales. With the assistance of Young Conaway and Wilmer, the Debtors successfully sold substantially all of their assets to CE Stores, LLC in a 363 sale.

Bill's Dollar Stores, Inc.

Young Conaway served as co-counsel, with Alston & Bird LLP, to Bill's Dollar Stores, Inc. in its chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. With the assistance of Young Conaway, the Debtor sold substantially all of its operating assets to Factor, Inc. in return for approximately $29 million in cash plus payment of certain cure costs and other related consideration and successfully confirmed a chapter 11 plan of liquidation.

National Dry Cleaners Inc.

Young Conaway acted as lead counsel to National Dry Cleaners, Inc. and certain of its affiliates in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. At the time of the bankruptcy, the Debtors owned and operated the largest group of affiliated dry cleaners in the United States. With Young Conaway’s help, the Debtors successfully sold substantially all of their assets through several 363 sales.

Werner Holding Co. (DE), Inc.

Young Conaway served as co-counsel to Werner Holding Co. (DE) and certain of its affiliates in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors comprised the nation's largest manufacturer and marketer of ladders and other climbing products, producing five principal categories of climbing equipment: (i) single and twin stepladders; (ii) extension, fixed, and multipurpose ladders; (iii) attic ladders; (iv) stages, planks, work platforms, and scaffolds; and (v) assorted climbing product accessories. Young Conaway assisted the Debtors with the successful sale of substantially all of their assets and guided the Debtors through confirmation of a liquidating plan in 2007.

American Home Mortgage Holdings Inc.

Young Conaway served as lead counsel to American Home Mortgage Holdings, Inc. and certain of its affiliates, in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. Prior to the bankruptcy filing, the Debtors had engaged in the origination of residential mortgage loans through their retail business and their indirect business. The Debtors' intention was to sell many of the loans they originated, either by transfer into securitization transactions or through whole loan sales to institutional purchasers. With Young Conaway's guidance, the Debtors successfully confirmed their chapter 11 plan of liquidation and emerged from bankrutpcy protection in 2010.

Bonus Stores, Inc.

Young Conaway acted as lead counsel to Bonus Stores, Inc., in its chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. Prior to its bankruptcy filing, the Debtor operated approximately 335 general merchandise stores under the names "Bill's Dollar Stores," "Bill's," "Bonus Dollar Stores," "Bonus Stores," and "Bonus SuperCenter." Under the guidance of Young Conaway, the Debtor sold substantially all of its assets to Variety Wholesales, Inc. in return for approximately $11.2 million in cash plus other related consideration. Thereafter, the Debtor confirmed a chapter 11 plan of liquidation and emerged from bankruptcy protection on September 20, 2004.

DirectTV Latin America

Young Conaway served as co-counsel to DirecTV Latin America, LLC, a leading provider of digital direct-to-home satellite television entertainment in Latin America, which includes South America, Central America, Mexico and the Caribbean. Young Conaway assisted DirecTV Latin America, LLC in restructuring its balance sheet and confirming a chapter 11 plan of reorganization.

KB Toys, Inc.

Young Conaway acted as co-counsel, along with Hale and Dorr LLP, to KB Toys, Inc. and substantially all of its direct and indirect subsidiaries in their chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. The Debtors were, at the time of the chapter 11 proceedings, the nation's leading mall-based and online specialty toy retailer, with approximately $1.5 billion in annual sales. Young Conaway and Hale and Dorr helped the Debtors successfully confirm a chapter 11 plan of reorganization and emerge from bankruptcy in 2005.

General DataComm Industries, Inc.

Young Conaway acted as lead counsel to General DataComm Industries, Inc. and certain of its affiliates in their chapter 11 proceedings. Prior to the petition date, the Debtors engaged in the design, assembly, marketing, and sale of telecommunications products and services. With the assistance of Young Conaway, the Debtors confirmed a chapter 11 plan of reorganization and emerged from bankruptcy protection on September 15, 2003.

Glenoit LLC, f/k/a Glenoit Corporation Chapter 11 Proceeding

Young Conaway served as co-counsel with Alston & Bird LLP to Glenoit Corporation and certain of its affiliates in their prepackaged chapter 11 proceedings. Prior to the petition date, the Debtors produced and distributed of a variety of decorative home furnishings, fabrics, and related textiles. With the assistance of Young Conaway, the Debtors successfully confirmed their plan of reorganization and emerged from bankruptcy in October 11, 2002.

London Fog Industries, Inc. et al. Chapter 11 Proceeding