Michael R. Nestor,
Vice-Chair of the Firm and Partner

WilmingtonP: 302.571.6699

Experience

Riverstone Networks, Inc.

Young Conaway acted as co-counsel, along with Morgan Lewis & Bockius LLP, to Riverstone Networks, Inc. and certain of its affiliates, in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors developed, marketed, and sold high-end Ethernet routers that telecommunications service providers use for business and residential communications services. With Young Conaway's help, the Debtors successfully sold all of their assets and confirmed a plan of reorganization.

Robert S. Brady, Michael R. Nestor, Edmon L. Morton, Kenneth J. Enos

Uniflex, Inc.

Young Conaway is currently co-counsel to the Official Committee of Unsecured Creditors in In re Uniflex, Inc. Uniflex, Inc. designs, manufactures and sources a broad line of customized plastic, clear, paper and non-woven bags, as well as packing materials, plastic envelopes, promotional products and products for various segments of the healthcare industry. In December 2004, the U.S. Bankruptcy Court for the District of Delaware approved the sale of substantially all of the assets of Uniflex, Inc.
Michael R. Nestor

Planet Hollywood

Young Conaway served as co-counsel to Planet Hollywood International, Inc. and its affiliates, which operated distinctive movie, sport and entertainment-based theme restaurants and retail merchandise stores throughout the United States, Europe and Canada. The companies emerged from their chapter 11 cases in less than four months, pursuant to a pre-negotiated plan of reorganization providing for the restructuring of the company's substantial debt.
James L. Patton, Jr., Pauline K. Morgan, Michael R. Nestor

Women First Healthcare, Inc.

The chapter 11 plan of Women First Healthcare, Inc. was approved by the United States Bankruptcy Court for the District of Delaware on December 21, 2004 and went into effect on January 18, 2005.

The successful approval of the chapter 11 plan was the culmination of intensive joint efforts by Young Conaway and Latham & Watkins LLP, working closely together as bankruptcy attorneys to the company, as well as Miller Buckfire Lewis Ying & Co., LLC, financial advisors and investment bankers to the company.

Women First was founded in 1996 as a specialty pharmaceutical company focused primarily on the increasing health needs of midlife women. At the time of it bankruptcy filing, the company had a portfolio consisting of seven prescription products addressing four main therapeutic areas: (i) unwanted facial hair, (ii) estrogen replacement therapy, (iii) migraines/pain relief, and (iv) bacterial infections. The company filed for chapter 11 bankruptcy protection on April 30, 2004 amidst significant liquidity constraints. After winning approval of its debtor-in-possession financing facility, Women First and its professionals engaged in extensive efforts to maximize asset value through liquidation efforts. Six of the pharmaceutical product lines were acquired through several spirited sales and auctions resulting in significantly higher value than originally projected. In accordance with the chapter 11 plan, a liquidating trustee has been appointed to, among other things, liquidate any remaining assets, prosecute avoidance actions and reconcile claims.
Michael R. Nestor, Sean M. Beach, Kara Hammond Coyle

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.
James L. Patton, Jr., Michael R. Nestor

Lason, Inc.

Young Conaway acted as lead counsel to Lason, Inc. in the chapter 11 proceeding in the United States Bankruptcy Court in the District of Delaware.  At the time of their bankruptcy filing, the debtors were one of the leading providers on information management solutions in the United States, with approximately 94 operating locations in 26 states.  Young Conaway helped the Debtor successfully confirm a chapter 11 plan of reorganization and emerge form bankruptcy in 2002.

Robert S. Brady, Michael R. Nestor

Tuscany International Holdings (U.S.A.) Ltd

Young Conaway served as co-counsel to Tuscany International Holdings (U.S.A.) Ltd. in its chapter 11 proceeding pending before the United States Bankruptcy Court for the District of Delaware.  The debtors provide onshore drilling and worker services to oil and gas companies to support the exploration, development, and production of oil and gas.  With the assistance of Young Conaway, the debtors successfully confirmed their plan of reorganization and emerged from bankruptcy protection on June 9, 2014.

Michael R. Nestor, Kara Hammond Coyle

Biogan International, Inc.

Young Conaway acted as lead counsel to Biogan International, Inc., a publically-traded “shell” company, in its pre-packaged, liquidating chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. With the assistance of Young Conaway, the Debtor successfully liquidated its assets and confirmed its plan

Michael R. Nestor, Erin D. Edwards

Aurora Foods, Inc.

Young Conaway served as co-counsel for J.W. Childs Equity Fund in connection with its acquisition of Aurora Foods pursuant to a chapter 11 plan of reorganization. The underlying transaction, which included a merger with Pinnacle Foods, Inc., was approved pursuant to a chapter 11 plan of reorganization and resulted in net consideration to the estate in excess of $900 million.
Michael R. Nestor

Seitel, Inc.

Young Conaway serves as co-counsel to Ranch Capital and Berkshire Hathaway. Seitel is one of the largest seismic databases in North America, offering a library for license to over 400 customers which are domestic and international oil and gas exploration and production companies. Ranch Capital purchased in excess of $280 million of notes in the debtor for approximately $190 million and was the plan sponsor under the debtor's proposed chapter 11 plan of reorganization. In response to that plan, the equity committee formed in Seitel's chapter 11 cases filed and confirmed a plan that proposes the payment of the full amount of the notes to Ranch Capital with interest, costs and fees.
Michael R. Nestor

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.

Michael R. Nestor, Joel A. Waite

Micro Warehouse, Inc. / Bridgeport Holdings, Inc.

Young Conaway acted as co-counsel, along with Kramer Levin, to Mirco Warehouse, Inc. and certain of its affiliates 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 a specialty catalog and online retailer and direct marketer of brand name personal computers, computer software, accessories, peripherals and networking products to commercial and consumer customers. With the assistance of Young Conaway and Kramer Levin, the Debtors successfully sold substantially all of their assets to Gores Services LLC in a 363 sale.

Michael R. Nestor, Edmon L. Morton, Matthew B. Lunn

Waterlink, Inc.

Young Conaway serves as co-counsel to Bank of America, N.A., as agent for the prepetition secured lenders of Waterlink, Inc. and its affiliated debtors and non-debtors, in connection with a $35,500,000 prepetition credit facility. Young Conaway has assisted and advised Bank of America in connection with the debtors' efforts to use cash collateral and obtain court approval of the sale of substantially all of their assets.
Michael R. Nestor

Evolve Software, Inc.

Young Conaway acted as lead counsel to Evolve Software, 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 a national provider of service delivery software.

Michael R. Nestor, Joseph M. Barry

Oakwood Homes Corporation

Young Conaway served as co-counsel to Clayton Homes Corporation, the proposed purchaser of Oakwood Homes Corporation in connection with its chapter 11 plan of reorganization, and Berkshire Hathaway. Under the plan, Clayton Homes acquired Oakwood Homes for approximately $370 million. Oakwood manufactured model single section homes, multi-section homes and modular homes, which are constructed and furnished at the debtor's manufacturing facilities and transported to the relevant home sites. On the date of its chapter 11 filing, Oakwood Corporation had approximately $820 million in assets and $731 million in liabilities, with annual sales of approximately $927 million.
Michael R. Nestor

Sleepmaster Finance Corporation

Young Conaway served as co-counsel for National Bedding Company as a prospective purchaser of Sleep-Master Finance Corporation and its affiliates. Sleep-Master manufactured and distributed a full line of conventional bedding, including mattresses and box springs, and marketed under the well-known brand name of Serta. National Bedding became a plan sponsor pursuant to a chapter 11 plan of reorganization submitted and prosecuted by the Official Committee of Unsecured Creditors, which plan was confirmed by order by the United States Bankruptcy Court.
Michael R. Nestor

Unitel Video, Inc.

Young Conaway served as co-counsel to Unitel Video and certain of its affiliates in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors were a leading provider of studio- and mobile-production facilities to virtually every major entertainment company in the United States and also provided post-production services to television producers and corporations. With the assistance of Young Conaway, the Debtors successfully sold substantially all of their assest and confirmed a liquidating plan in 2001.

Robert S. Brady, Michael R. Nestor

Harvard Industries

Young Conaway served as co-counsel to Harvard Industries and its affiliated debtors, which were primarily engaged in the business of designing, engineering, and manufacturing components for original equipment manufacturers producing cars and light trucks in North America, principally to customers such as General Motors Corporation, Ford Motor Company, and The Chrysler Corporation. Young Conaway assisted Harvard in successfully prosecuting its plan of reorganization.
James L. Patton, Jr., Michael R. Nestor

Finova Group, Inc.

Young Conaway served as co-counsel to Berkshire Hathaway Inc., Leucadia National Corp. and Berkadia LLC, the plan proponent and principal funding entity of the chapter 11 plan of reorganization in the Finova Group, Inc. et al. chapter 11 cases.
Michael R. Nestor

Global Ocean Carriers Limited, et al.

Young Conaway served as co-counsel with Morgan Lewis & Bockius LLP to Global Ocean Carriers, Limited and certain of its affiliates in their chapter 11 proceedings. The Debtors operated an international shipping business, focused on the purchasing, operating and chartering of dry bulk carriers pursuant to short to medium-term charters. The Debtors operated a fleet of twelve vessels, including ten feeder container vessels and two dry bulk carriers. With the assistance of Young Conaway, the Debtors confirmed their plan of reorganization.

James L. Patton, Jr., Joel A. Waite, Michael R. Nestor

Mondi of America, Inc.

Young Conaway served as co-counsel to Mondi of America, Inc. and its affiliates in the liquidation of 49 retail store locations, wholesale distribution businesses, leases and other assets. The liquidation of Mondi's retail locations was consummated pursuant to an auction conducted by Mondi's prepetition and an agency agreement executed by Mondi prior to the petition date, which transaction was approved by the bankruptcy court subsequent to the chapter 11 filing. Young Conaway assisted and advised Mondi in connection with confirmation of its chapter 11 plan of liquidation, which provided a significant recovery to unsecured creditors.

Michael R. Nestor

Golden Ocean Group Limited

Young Conaway acted as co-counsel to the Official Committee of Unsecured Creditors in the Chapter 11 Cases of Golden Ocean Group Limited, an international shipping company, which successfully confirmed a chapter 11 plan of reorganization.
James L. Patton, Jr., Michael R. Nestor
Press Release

In Memoriam Hon. John T. Dorsey

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