Home » Bankruptcy, Insolvency, and Restructuring Litigation

Bankruptcy, Insolvency, and Restructuring Litigation

Our attorneys have served as bankruptcy litigation counsel in some of the nation’s largest and most complex chapter 11 cases. Our bankruptcy work spans sectors including life sciences, consumer products, energy and infrastructure, aviation, real estate, technology and digital assets, and healthcare.

We have represented debtors, creditors, boards and special committees, and other stakeholders in contested matters, adversary proceedings, bankruptcy-related investigations, and ancillary litigation in state and federal courts. Our work has helped develop precedent on solicitation and tabulation standards in mass-tort plan confirmations and on the application of international treaties in U.S. insolvency proceedings.

Our experience includes DIP financing and cash collateral disputes; sale and valuation disputes; avoidance actions; insider and related-party transaction litigation; intercompany arrangements and claims; fiduciary duty and governance litigation; fraud and derivative liability theories; capital structure, lien, and priority disputes; plan confirmation and claims litigation; and cross-border matters.

We also collaborate with co-counsel where appropriate and have the flexibility to take on matters without the institutional conflicts that often constrain larger law firms.

Representative matters include:

Representing Johnson & Johnson in connection with the Imerys Talc America, Inc. bankruptcy, including defeating confirmation of a plan supported by contested ballot submissions;
Representing Westinghouse Electric Company in connection with disputes arising from the V.C. Summer nuclear construction project, including litigation over claims asserted in its chapter 11 restructuring;
Representing Scandinavian Airlines in chapter 11 aircraft lease litigation, preserving SAS’s fleet operations by securing an SDNY ruling rejecting lessors’ attempt to invoke the Cape Town Convention to circumvent U.S. bankruptcy protections;
Representing Ruby Pipeline as debtor in its chapter 11 restructuring, including defending the asset-sale process against creditor objections supported by expert testimony, with work contributing to court approval of the bidding procedures;
Representing Core Scientific in its chapter 11 case and related litigation, securing a favorable settlement that reduced a $39 million prepetition claim to $10 million;
Representing Cano Health in its chapter 11 restructuring, including conducting an extensive investigation, at the direction of independent directors, of potential estate claims arising from prepetition corporate transactions and related-party dealings;
Representing Avon Products in its chapter 11 restructuring, including advising the Special Committee in its investigation of potential estate claims relating to prepetition transactions with Natura, resulting in a settlement providing, inter alia, over $30 million in cash and the waiver of approximately $530 million in secured debt;
Representing a real estate holding company in contested cross-border insolvency proceedings involving parallel filings in the United States and Israel, including chapter 15 disputes over recognition of the debtor’s main proceeding; and
Representing a nonprofit in its successful restructuring, including litigating creditor and regulatory claims, securing dismissal of enforcement actions, and negotiating settlements, enabling the organization to emerge from bankruptcy and regain its charitable status.

Certain matters described above were handled by Michael A. Betts and/or Alexandros Diplas prior to the formation of Betts Diplas PLLC.

Contact Us

Please reach out to us at [email protected] to discuss how we may be of service.