Experience

JG Wentworth (Orchard Acquisition)

The J.G. Wentworth Company and its affiliated debtors are a leading diversified consumer financial services company focused on mortgage lending, personal and business lending, structured settlements, and prepaid cards.  The J.G. Wentworth debtors commenced their bankruptcy cases to effectuate a recapitalization of their balance sheet on a consensual basis in accordance with the terms of a restructuring support agreement with their primary stakeholders.  Following a mere 36 days, the J.G. Wentworth debtors’ pre-packaged plan of reorganization was confirmed and the company emerged from bankruptcy a week later.  Through the plan, the J.G. Wentworth debtors’ prepetition funded debt, which totaled $449.5 million, was eliminated and the company received $70 million in new funding.  Young Conaway was retained as co-counsel with Simpson Thacher & Bartlett LLP.

Woodbridge Group of Companies, LLC

On December 4, 2017, the Woodbridge Group of Companies, LLC and its affiliated debtors commenced chapter 11 cases, which arose out of a massive, multi-year Ponzi scheme perpetrated between (at least) 2012 and 2017.  As part of this fraud, the debtors raised over one billion dollars from approximately 10,000 investors, while amassing a significant portfolio of high-end real estate properties, the total estimated value of which is still being determined but which range individually in value from approximately $50,000 to over $100,000,000 per property.  The goal of the chapter 11 cases is to maximize recoveries to investors and other constituencies harmed by the Ponzi scheme.  In order to accomplish this goal, the debtors developed a plan of liquidation that memorializes a settlement reached with various investor and creditor parties in interest in consultation with the Securities and Exchange Commission.  The debtors are working diligently to confirm the plan and make initial distributions prior to the end of 2018.  Young Conaway was retained to represent the Debtors as co-counsel working with Gibson, Dunn & Crutcher LLP and Klee, Tuchin, Bogdanoff & Stern LLP.

Global. protection USA, Inc.

Young Conaway served as counsel to ILC Dover LP, defendant in a preference action brought by the Chapter 7 Trustee of Global Protection USA, Inc. in the United States Bankruptcy Court for the District of New Jersey

Ambassadors International, Inc.

Young Conway served as counsel for Wippoorwill Associates, Inc.m pre- and post-petition secured lender in the chapter 11 proceeding of Ambassadors International, Inc. and its affiliated debtors in the United States Bankruptcy Court for the District of Delaware.

Solyndra LLC

Young Conway served as co-counsel to Argonaut Ventures I, LLC., et al, post-petition DIP lender in the chapter 11 proceeding of Solyndra LLC in the United States Bankruptcy Court for the District of Delaware.

Nebraska Book Company, Inc.

Young Conaway acted as co-counsel, with Brown Rudnick LLP, to the Ad Hoc Consortium of Second-Lien Lenders in the Nebraska Book Company, Inc. chapter 11 proceedings.

Building Materials Holding Corporation

Young Conaway acted as co-counsel, with Gibson Dunn & Crutcher LLP, to Building Materials Holding Corporation 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 one of the largest providers of residential building products and constructions services in the United States. With the assistance of Young Conaway, the Debtors successfully confirmed their chapter 11 plan of reorganization and emerged from bankruptcy protection on January 4, 2010.

True Temper Sports, Inc.

Young Conway served as co-counsel to Credit Suisse, Cayman Islands Branch, as Agent in the chapter 11 proceedings of True Temper Sports, Inc., pending before the United States Bankruptcy Court for the District of Delaware.11/30

Blue Tulip Corporation

Young Conaway acted as lead counsel to Blue Tulip Corporation, in its chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtor was a retailer of gifts and entertainment products, including personalized items, for all personal and holiday occasions operating under the label of Blue Tulip. With the guidance of Young Conaway, the Debtor successfully liquidated its assets, confirmed a chapter 11 plan of liquidation, and emerged from bankruptcy protection on June 5, 2009.

Sun-Times Media Group, Inc.

Young Conaway acted as co-counsel to Sun-Times Media Group and certain of its affiliates in their chapter 11 proceeding before the United States Bankruptcy Court for the District of Delaware. The Debtors' business consists of the publishing, printing, and distributing of newspapers in the greater Chicago, Illinois, metropolitan area and the operation of various related websites. With Young Conaway’s assistance, the Debtors successfully sold substantially all of their assets in a 363 sale and confirmed a plan of liquidation in 2011.

Tweeter Home Entertainment Group, Inc.

Young Conaway served as co-cousel to Universal Millennium, Inc., defendant in an adversary proceeding commenced in the chapter 11 proceeding of Tweeter Home Entertainment Group, Inc. in the United States Bankruptcy Court for the District of Delaware

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.

CTC Communications Group, Inc.

Young Conaway acted as lead counsel to CTC Communications Group, Inc. and certain of its affiliates in their chapter 11 proceeding before the United States Bankruptcy Court for the District of Delaware. The Debtors were an integrated communications provider of voice, data and internet communications services predominately to medium and larger-sized business customers. Under the guidance of Young Conaway, the Debtor successfully confirmed its Joint Plan of Reorganization and emerged from bankruptcy protection in 2003.