Case Study: Bankruptcy & Restructuring

Quarterbacking a successful claims resolution process

Challenge

A major U.S. healthcare client and its subsidiaries needed help with the resolution of a significant number of post-effective date bankruptcy claims and issues.

Getting to Next

The bankruptcy group worked with an interdisciplinary team tasked in January 2018 with resolving approximately 3,000 claims throughout the United States totaling over $900 billion. The case involved wide-ranging legal issues including, among others, bankruptcy, tax, insurance and antitrust. The case was before the U.S. Bankruptcy Court in New York.

Results

The claims were favorably resolved in less than one year.

Further, four high-ranking doctors subsequently sought to void their non-compete agreements, requiring the reopening of the client's bankruptcy case. The doctors later withdrew their petitions.


Related Practices:

Complex Commercial & Financial Disputes
Bankruptcy & Restructuring
Insurance
Tax

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