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.

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.

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.

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.

ANC Rental Corporation, et al.

Young Conaway served as co-counsel to the Official Committee of Unsecured Creditors in the Alamo and National Car Rental bankruptcy cases. ANC Rental Corporation filed its bankruptcy cases based upon its sharp decline in business after September 11, 2001, and Young Conaway worked with the committee and the debtors as they restructured the debtors' businesses by combining Alamo and National rental services at airports across the country. Young Conaway also participated in negotiations concerning a sale of substantially all of the debtors' assets and assisted in the preparation and submission, prosecution and confirmation of a joint plan of liquidation.

Classic Cable Communications

Young Conaway served as co-counsel to Classic Cable and its affiliates, which provided cable television services to markets in Texas, Oklahoma, Missouri, Nebraska, Louisiana, New Mexico, Arkansas, Ohio, Kansas, and Colorado. As of the chapter 11 filing, Classic Cable's consolidated cable television operations served over 350,000 cable subscribers.

US Office Products

Young Conaway served as co-counsel to US Office Products and certain of its affiliates in their chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors constituted one of the world's leading suppliers of office products and business services to corporate customers. US Office Products was also the parent company of non-debtor Mail Boxes Etc., the world's largest franchisor of retail business, communications, and postal service centers, which was sold to United Parcel Service outside of bankruptcy. With the assistance of Young Conaway, the Debtors successfully sold substantially all of their assets and confirmed a liquidating plan in 2001.