Bankruptcy and Restructuring

Corporate Governance

Our firm's Corporate Governance practice advises corporate boards, special committees, and individual officers and directors regarding their fiduciary duties in situations involving financial distress, insolvency, restructuring, or bankruptcy. These situations often involve competing interests, difficult decisions, and stakeholder demands that are impossible to reconcile. The law surrounding the duties of officers and directors of a financially distressed or insolvent company is evolving, and it is important to have counsel who are up to speed on the most recent developments. We help our clients navigate these complex situations so that they are able to follow appropriate procedures, comply with their duties, maximize value for stakeholders, and at the same time protect their own interests. Situations involving financial distress or bankruptcy sometimes result in litigation against officers and directors, as aggressive creditors, trustees, and committees second-guess judgments that were made, seek leverage, and look for every possible source of recovery. We are experienced at defending these claims, and we have a track record of success in doing so.


HelpMeSee Inc. Breach of contract and breach of fiduciary duty claims

Representation of HelpMeSee Inc., a cataract surgery charity, in an American Arbitration Association arbitration in New York involving breach of contract, breach of fiduciary duty, fraudulent inducement, conversion and copyright infringement claims.

National Union Fire Insurance Company Director and officer insurance-related litigation

Representation of National Union Fire Insurance Company of Pittsburgh, Pa., as lead counsel, in connection with director and officer insurance-related litigation filed in the Eastern District of Virginia Bankruptcy Court in the Health Diagnostic Laboratory (the “HDL”) bankruptcy proceedings.

Andreessen Horowitz Governance-related litigation

Representation of Andreessen Horowitz, one of Silicon Valley’s most prominent venture capital firms, and one of its partners, in governance-related litigation pending in the Delaware Chancery Court and Delaware Bankruptcy Court arising out of the firm’s investment in Jumio, Inc.

Directors Governance-related litigation

Representation of major investors in governance-related litigation against certain directors and former directors of Zetta Jet.

Madhu Vuppuluri (Former CEO of Essar Steel Minnesota, LLC) Various Claims

Representation of the former CEO of Essar Steel Minnesota, LLC, the debtor in a Delaware bankruptcy case. The debtor sued our client and certain entities in a 32-count complaint seeking damages in excess of $1 billion.


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