Jenner & Block

Committee Representations

Our lawyers have considerable experience representing creditors’ and equity committees.  We have a significant, nationwide committee practice and have represented committees in the airline, steel, mortgage financing and services, insurance, transportation, telecommunications, health care, retail, financial and manufacturing industries.

Our representation of creditors’ committees include the following major cases:

  • Representation of the Creditors’ Committee in the Chapter 11 case of ABC-NACO, Inc., a large U.S. supplier to the railroad industry.
  • Representation of the petitioning creditors and Unsecured Creditors’ Committee in the involuntary bankruptcy proceedings of the law firm of Altheimer & Gray.
  • Representation of the Committee of Executive and Administrative Retirees in the Chapter 11 proceedings of The Budd Company. Our constituents include the non-union retirees of The Budd Company, with claims in excess of $100 million.
  • Representation of the Equityholders Committee in Coram Healthcare Corporation. We successfully defeated two plans of reorganization that had been proposed by the company and represented the interests of equityholders in connection with a contested third plan of reorganization (this one proposed by the Chapter 11 trustee). Our attorneys were also instrumental in removing management of this entity.
  • Representation of the Official Trust Originated Preferred Holders Creditors’ Committee in the Chapter 11 bankruptcy proceedings involving Conseco Inc. and Conseco Finance, a provider and servicer of mortgages and mortgage-related products.
  • Representation of the Official Committee of Unsecured Creditors in the Chapter 11 case of Keystone Consolidated Industries, Inc., a producer of industrial steel products.
  • Representation of the Official Equity Committee in the Meruelo Maddux Properties Chapter 11 case in the Bankruptcy Court for the Central District of California, a heavily contested Chapter 11 case involving one of the largest developers of real estate in downtown Los Angeles.
  • Representation of the Retirees of Northwest Airlines in the carrier’s Chapter 11 proceedings. On behalf of the retiree committee, we negotiated an agreement with the airline concerning medical, prescription drug and dental coverage for retirees; the proceeds were credited to a Voluntary Employees Beneficiary Trust. Certain individuals below age 65 were offered coverage as part of the plan for active employees.
  • Representation of the Creditors’ Committee of Pentacon Inc., a large supplier of airline parts prior to the filing of the Chapter 11 case, in negotiating the terms of a pre-packaged plan of reorganization and representing the formal committee post-filing.
  • Representation of the Retired Salaried and Management Employees ofUnited Airlines in the Chapter 11 case of UAL Corporation. Our attorneys assisted the committee in reaching an agreement with UAL Corporation regarding termination of pension plans covering active machinists and thousands of retirees.