Representative Matters

Midway Games Inc.

Young Conaway served as attorneys for National Amusements, Inc., defendant in an adversary proceeding commenced in the chapter 11 cases of Midway Games, Inc. in the Unites States Bankruptcy Court for the District of Delaware

Global Vision Products, Inc.

Young Conaway served as counsel to Hobart G. Trusdell, the Chapter 11 Trustee of Global Vision Products, Inc. in its chapter 11 proceeding in the United States Bankruptcy Court for the Southern District of New York

Catholic Diocese of Wilmington, Inc.

Young Conaway served as lead counsel to the Catholic Diocese of Wilmington, Inc., in its chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtor serves approximately 233,000 Catholic faithful and 57 parishes within a territory comprising the City of Wilmington and the Counties of New Castle, Kent, and Sussex in Delaware, and the nine eastern-shore counties of Caroline, Cecil, Dorchester, Kent, Queen Anne, Somerset, Talbot, Wicomico, and Worcester in Maryland. With the assistance of Young Conaway, the Debtor successfully confirmed its chapter 11 plan of reorganization and emerged from bankruptcy protection on September 26, 2011.

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.

Madoff, Bernard L. / Irving H. Picard, Trustee

Young Conaway serves as special counsel for Irving H. Picard, as trustee for the substantively consolidated liquidation of Bernard L. Madoff Investment Securities LLC and the estate of Bernard L. Madoff in the SIPA Liquidation pending in the United States Bankruptcy Court for the Southern District of New York.

Nortel Networks UK Limited

Young Conaway serves as counsel for Alan Robert Bloom, Christopher Johon Wilkinson Hill, Alan Michael Hudson and Steven John Harris, in their capacity as joint administrators and foreign representatives of Nortel Networks UK Limited in proceedings under the Insolvency Act 1986, pending before the High Court of Justice of England and Wales.

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.

Express Scripts, Inc. v. Crawford, Delaware Court of Chancery, C.A. No. 2663-CC (Feb. 23, 2007)

In one of the most hotly contested takeover battles of the year, Express Scripts obtained a preliminary injunction in aid of its efforts to effect a hostile acquisition of Caremark for approximately $26 billion. Although Caremark's stockholders ultimately voted to approve an acquisition by CVS (after CVS upped its offer by an additional $3.3 billion), Express Scripts obtained significant judicial relief that increased its opportunity to achieve its business objectives. Additionally, the Delaware Court of Chancery issued important guidance respecting the nature of the disclosures required of a target company in a bidding contest and resolved an issue of first impression pertaining to the availability of appraisal rights where a merger is funded, in part, by a special dividend. The Court of Chancery also identified, but did not resolve, important issues respecting the validity and propriety of various deal protection measures adopted by Caremark and CVS.

Young Conaway handled the litigation of this matter and assisted Skadden, Arps, Slate, Meagher & Flom LLP in connection with advising Express Scripts on the transaction. Within the firm, the Corporate Counseling and Litigation Section carried the laboring oar, with the formal presentation in the Court of Chancery.
 

Resources

Institute for Cancer Prevention

Young Conaway served as lead counsel to the Chapter 11 Trustee for the renowned Institute for Cancer Prevention, which was dedicated to studying links between cancer and smoking. After consummating various asset sales, Young Conaway assisted the Chapter 11 Trustee in obtaining approval from the United States Bankruptcy Court for the Southern District of New York of his Chapter 11 Plan of Liquidation. Young Conaway also served as lead counsel to the Plan Administrator following confirmation of the chapter 11 plan of liquidation.