Business Reorganization & Restructuring

The needs of our clients and co-counsel who partner with us shape everything we do.

The Morris Nichols Business Reorganization & Restructuring Group is recognized as one of the premier restructuring and reorganizing practices in the United States.  Recipient of the Turnaround Management Association’s 2012 Turnaround of the Year Award, 2015 Turnaround Atlas Award and 2009 M&A Advisor U.S. Middle-Market Financing Award, the Daily Bankruptcy Review ranked the Group first in the nation among mid-size and small law firms for the number of large, public-company bankruptcy cases filed between 2001 and mid-2005 in which they acted as lead debtor’s counsel and sixth nationally among law firms of all sizes.

Our Clients

The Business Reorganization & Restructuring practice regularly serves as lead or co-counsel for publicly-traded and privately-held debtors in possession, official creditors’ committees, bondholders’ committees, secured and unsecured creditors, pre- and post-petition lenders, equity holders, purchasers of assets and variety of other parties-in-interest.  These representations require skillful negotiating and masterful knowledge of the specific practices and procedures regarding insolvencies and of the Delaware Bankruptcy Court and District Court as well as the U.S. Court of Appeals for the Third Circuit. 

Uniquely Qualified

Since 1990, Delaware has been the venue for nearly half of the nation's largest bankruptcy cases.  Morris Nichols has represented debtors, committees and other key parties in many of these sophisticated proceedings.  The team also collaborates with the Firm’s other practice groups, particularly colleagues practicing business and corporate litigation, real estate and corporate and commercial counseling to provide clients with the exceptional knowledge and experience needed for complex restructuring and workouts.  Having handled some of the nation’s largest bankruptcy cases, Morris Nichols has the resources and experience to assist troubled businesses and other major parties in large, complex proceedings.

Our Approach

We make it our goal to understand our clients’ business and devise innovative solutions that are practical and cost effective while providing superior service equal to or better than large national firms.  We work with our clients to quickly respond to today’s challenges and skillfully plan for our clients’ long-range objectives.

Attorneys

Derek C. Abbott

Derek C. Abbott

Partner

Tel: (302) 351-9357
dabbott@mnat.com
Business Reorganization & Restructuring

Donna L. Culver

Donna L. Culver

Partner

Tel: (302) 351-9208
dculver@mnat.com
Business Reorganization & Restructuring

Robert J. Dehney

Robert J. Dehney

Partner

Tel: (302) 351-9353
rdehney@mnat.com
Business Reorganization & Restructuring

Curtis S. Miller

Curtis S. Miller

Partner

Tel: (302) 351-9412
cmiller@mnat.com
Business Reorganization & Restructuring

Andrew R. Remming

Andrew R. Remming

Partner

Tel: (302) 351-9405
aremming@mnat.com
Business Reorganization & Restructuring

Eric D. Schwartz

Eric D. Schwartz

Partner

Tel: (302) 351-9308
eschwartz@mnat.com
Business Reorganization & Restructuring

Daniel B. Butz

Daniel B. Butz

Special Counsel

Tel: (302) 351-9348
dbutz@mnat.com
Business Reorganization & Restructuring

Erin R. Fay

Erin R. Fay

Associate

Tel: (302) 351-9668
efay@mnat.com
Business Reorganization & Restructuring

Matthew B. Harvey

Matthew B. Harvey

Associate

Tel: (302) 351-9393
mharvey@mnat.com
Business Reorganization & Restructuring

Marcy J. McLaughlin

Marcy J. McLaughlin

Associate

Tel: (302) 351-9436
mmclaughlin@mnat.com
Business Reorganization & Restructuring

Tamara K. Minott

Tamara K. Minott

Associate

Tel: (302) 351-9377
tminott@mnat.com
Business Reorganization & Restructuring

Representative Matters

  • Debtors:
    • Delta Petroleum
    • Laboratory Partners
    • Nortel Networks
    • Optim Energy
    • Ormet
    • Overseas Shipholding Group
    • Security National Properties
    • Seegrid
    • WP Steel
  • Cross-Border Cases:
    • Forest Oil
    • Fraser Papers
    • Hollinger
    • Zodiac Pool Solutions
  • Official Committees in:
    • Baxano
    • Exide Tech.
    • Syms/Filene’s Basement
  • Lenders, Bondholders, Agents, Indenture Trustees &
    AdHoc Committees in:
    • Cache
    • Dendreon
    • Edwin Watts Golf
    • Endeavor Int’l
    • Harry & David
    • Longview Power
    • Mineral Park
    • MSD Performance
    • RadioShack
    • Trump Entertainment Resorts
  • Equity Holders in:
    • Energy Future Holdings
    • Caesars
  • Acquirers:
    • DISH Network
    • Great Lakes Copper
    • Fifth Street Finance
    • Fortistar
    • Fuddruckers Restaurants
    • RCI (Ritz Camera)

News

Eric Schwartz guest lecturer at Georgetown University McDonough School of Business

Wilmington, DE (March 31, 2016) – Eric Schwartz was a guest lecturer at Georgetown University McDonough School of Business.  Mr. Schwartz lectured on the subject of corporate fiduciary duties in a distress situation to the Corporate Restructuring class of students in the masters in business program.   Mr. Schwartz' hour-long lecture covered... Continue Reading

Morris Nichols Elects Mac Measley, Andrew Remming, Jason Russell as Partners; Karl Randall as Special Counsel

Wilmington, DE (January 4, 2016) – Morris, Nichols, Arsht & Tunnell LLP is pleased to announce that Mac Measley, Andrew Remming and Jason Russell have been elected partners, and that Karl Randall has been promoted to special counsel, effective January 1, 2016. “We are proud to congratulate Mac, Andrew, Jason, and Karl on reaching these... Continue Reading

Morris Nichols Increases Associate Salaries to $160,000

Wilmington, DE (December 14, 2015) – Morris, Nichols, Arsht & Tunnell LLP is pleased to announce that the firm’s starting salary for first-year Associates will increase from $145,000 to $160,000, effective January 1, 2016.  “We are proud to be a consistent market leader here in Delaware,” said hiring partner Megan... Continue Reading

Morris Nichols Associates Admitted to Practice in Delaware

Wilmington, DE (December 9, 2015) – Morris, Nichols, Arsht & Tunnell LLP is pleased to announce six attorneys were sworn-in to the Delaware bar on Wednesday, December 9, 2015.   “We are proud to congratulate this talented group of new attorneys,” said hiring partner Megan Ward Cascio.  “Their impressive academic performance and... Continue Reading

Morris Nichols Participates in 2015 TMA Asia Pacific Conference

Wilmington, DE (November 19, 2015) – The Turnaround Management Association hosted its 2015 TMA Asia Pacific Conference in Singapore and Morris Nichols Partner, Eric Schwartz was invited to present on the Judges Panel covering the topic of Restructuring Regimes. He joined Judicial Commissioner Kannan Ramesh of the Supreme Court of Singapore and... Continue Reading

U.S. News – Best Lawyers Recognizes Morris Nichols in 2016 “Best Law Firms” Guide

Wilmington, DE (November 2, 2015) – U.S. News – Best Lawyers® has once again ranked Morris, Nichols, Arsht & Tunnell LLP in its annual guide of the “Best Law Firms.” In the 2016 edition, the firm was selected for inclusion in a diverse array of bankruptcy, corporate, intellectual property, and trust law practice areas in Delaware. The... Continue Reading

Who's Who Legal: Insolvency & Restructuring 2016 Names Morris Nichols Partner Derek Abbott

Wilmington, DE (September 30, 2015) – Morris, Nichols, Arsht & Tunnell LLP partner Derek Abbott has been identified as a leading restructuring and insolvency attorney by the Who’s Who Legal independent research team. He will be listed in the upcoming publication, Who’s Who Legal: Restructuring & Insolvency 2016.  As a member of the... Continue Reading

30 Morris Nichols Attorneys Listed in The Best Lawyers in America® 2016

Wilmington, DE (August 17, 2015) – Thirty attorneys from Morris, Nichols, Arsht & Tunnell LLP were selected for inclusion in the 2016 edition of The Best Lawyers in America®. The results are based on peer-review evaluations from more than 79,000 eligible attorneys. Jack B. Blumenfeld was named the Best Lawyers® 2016... Continue Reading

Greg Werkheiser Moderates ABI Discussion of Supreme Court’s Ruling in Baker Botts LLP v. ASARCO LLC

Morris Nichols partner Greg Werkheiser served as the moderator for the American Bankruptcy Institute’s briefing on the recent U.S. Supreme Court decision in Baker Botts LLP v. ASARCO LLC. On Monday, the high court ruled that §330(a)(1) of the Bankruptcy Code does not permit bankruptcy courts to award fees to §327(a) professionals... Continue Reading

Greg Werkheiser Quoted in BNA’s Bankruptcy Law Reporter on ASARCO Decision

Morris Nichols partner Greg Werkheiser provided commentary to Bloomberg BNA in its analysis of the U.S. Supreme Court’s decision on attorneys’ fee-defense litigation in Baker Botts LLP v. ASARCO LLC. In a 6-3 decision issued on June 15, 2015, the high court found that bankruptcy attorneys cannot be awarded attorneys’ fees for work... Continue Reading

Two Morris Nichols Attorneys Announced As Winners of the 6th Annual 40 Under 40 Emerging Leader Awards

Wilmington, DE (May 20, 2015) – The M&A Advisor announced the winners of the 40 Under 40 Emerging Leaders Awards on Monday, May 18, 2015. Morris, Nichols, Arsht & Tunnell LLP partners Eric S. Klinger-Wilensky and Curtis S. Miller were both named winners for the Legal Advisor Category. The M&A Advisor, renowned globally for its... Continue Reading

Chambers USA 2015 Ranks 23 Morris Nichols Attorneys and 4 Practice Groups Among the Best in Delaware

Wilmington, DE (May 19, 2015) – The 2015 edition of Chambers USA: America’s Leading Lawyers for Business ranked Morris, Nichols, Arsht & Tunnell LLP as a Band 1 law firm in the Delaware categories for Bankruptcy/Restructuring, Chancery, Corporate M&A & Alternative Entities, and Intellectual Property. Twenty-three... Continue Reading

16 Morris Nichols Attorneys Selected for Inclusion in 2015 Delaware Super Lawyers

Wilmington, DE (May 15, 2015) – Sixteen Morris Nichols attorneys have been selected for inclusion to the 2015 Delaware Super Lawyers.  Jack B. Blumenfeld was named to the “Top 10” list for Delaware.  In addition, attorneys Eric S. Klinger-Wilensky, Curtis S. Miller and Matthew R. Clark were recognized as 2015... Continue Reading

Turnarounds & Workouts Recognizes Morris Nichols on List of Top Restructurings of 2014

Wilmington, DE (January 30, 2015) – Turnarounds & Workouts recognized Morris, Nichols, Arsht & Tunnell LLP in its annual report identifying “Successful Restructurings” of 2014. Morris Nichols was recognized for work on the chapter 11 bankruptcy restructuring of Security National Properties Funding III, just one of 12... Continue Reading

2015 U.S. News - Best Lawyers Ranks Morris Nichols Among “Best Law Firms” in Delaware

Wilmington, DE (November 3, 2014) – In the 2015 edition of the U.S. News – Best Lawyers® rankings of the “Best Law Firms”, Morris, Nichols, Arsht & Tunnell LLP was selected for inclusion in a diverse array of bankruptcy, corporate, intellectual property, and trust law practice areas in Delaware.  The 16 practice... Continue Reading

28 Morris Nichols Attorneys Listed in The Best Lawyers in America® 2015

Wilmington, DE (August 18, 2014) – Twenty-eight attorneys from Morris, Nichols, Arsht & Tunnell were selected for inclusion in the 2015 edition of The Best Lawyers in America®. The results are based on peer-review evaluations from more than 50,000 attorneys. Two partners received special recognition as 2015 Delaware Lawyer of the... Continue Reading

Who's Who Legal: Insolvency & Restructuring 2014 Names Morris Nichols Attorneys

Wilmington, DE (July 1, 2014) – Morris, Nichols, Arsht & Tunnell partners Derek C. Abbott and Robert J. Dehney have been recognized in the Who’s Who Legal: Insolvency & Restructuring 2014. Through client and peer research, the independent guide evaluates hundreds of attorneys worldwide to identify leaders in the field. As... Continue Reading

17 Morris Nichols Attorneys Selected For Inclusion in Super Lawyers- Delaware Edition 2014

Wilmington, DE (May 19, 2014) – 17 Morris Nichols attorneys have been selected for inclusion in Super Lawyers - Delaware Edition 2013. Jack Blumenfeld and A. Gilchrist Sparks, III, were named to the Best of the Best Top 10 Delaware Super Lawyers list. In addition, attorneys Eric Klinger-Wilensky and Curtis Miller were recognized as 2014... Continue Reading

Chambers USA 2014 Names 21 Morris Nichols Attorneys and 4 Practice Groups as Best in Delaware

Wilmington, DE (May 23, 2014) – The 2014 edition of Chambers USA: America’s Leading Lawyers for Business today ranked twenty-one Morris Nichols’ attorneys and four practice groups as best in Delaware.  Chambers annually conducts in-depth interviews of commercial users of legal services to assess the strengths and reputations... Continue Reading

2014 Chambers USA Directory Ranks 21 Morris Nichols Attorneys as 'Leaders in their Field"

Wilmington, DE (March, 2014) – The Firm congratulates its 21 attorneys who will be included in the 2014 Chambers USA “Leaders in their Field” legal directory by Chambers & Partners. Several practices and lawyers are recognized in more than one area. Delaware A Gilchrist Sparks III, Chancery & Corporate /M&A Derek... Continue Reading

Eric Schwartz Moderates Making Your Case: Presenting Valuation Evidence at VALCON 2014

Wilmington, DE (February 28, 2014) – Morris Nichols partner Eric Schwartz moderated the panel “Making Your Case: Presenting Valuation Evidence” during VALCON 2014.  The panel covered strategies and tips for presenting financial evidence in chapter 11 cases. Panelists discussed the selection, roles and fee arrangements of financial... Continue Reading

Morris Nichols Business Reorganization and Restructuring Group Wins 2013 Legal Award: Insolvency Law Firm of the Year - Delaware

Wilmington, DE (February 4, 2014) – The Morris Nichols Business Reorganization & Restructuring Group has won the Acquisition International 2013 Legal Award: Insolvency Law Firm of the Year – Delaware.  Award winners are determined through a polling process involving Acquisition International's 53,000+ readership constituting... Continue Reading

18 Morris Nichols Practice Areas Named in U.S. News/Best Lawyers 2014 Rankings of Best Law Firms in Delaware

Wilmington, DE (November 1, 2013) – Morris, Nichols, Arsht & Tunnell LLP is pleased to announce its selection to the U.S. News & World Report/Best Lawyers 2014 “Best Law Firms” rankings for Delaware in the following 18 practice areas: Administrative/Regulatory Law Bankruptcy and Creditor Debtor Rights/Insolvency and... Continue Reading

Eric Schwartz Opening Speaker at 2013 TerraLex Bankruptcy/Insolvency Group Meeting

Wilmington, DE (September 29, 2013) – Eric Schwartz, Morris Nichols Business Reorganization & Restructuring Group partner, served as opening speaker at the TerraLex Bankruptcy/Insolvency Practice Group Meeting, at the TerraLex Global Meeting in Paris, France.  The Group's featured presentation, Current Developments Regarding Intellectual... Continue Reading

Morris Nichols Attorneys Named to 2014 Best Lawyers in America - 60 Practice Specialty Selections; 22 Top-Listed Practice areas; 5 Delaware Lawyers of the Year

Wilmington, DE (August 21, 2013) – Morris Nichols is pleased to announce that two thirds of the firm's partnership have been selected for inclusion in the 2014 edition of The Best Lawyers in America.  The firm was noted for 60 individual specialty selections, 22 "Top-Listed" practice specialties, and five individual 2014 Delaware Lawyers... Continue Reading

Chambers USA 2013 Names 17 Morris Nichols Attorneys and 4 Practice Groups as Best In Delaware

Wilmington, DE (May 24, 2013) – The 2013 edition of Chambers USA: America’s Leading Lawyers for Business today ranked seventeen Morris Nichols’ attorneys and four practice groups as best in Delaware.  Chambers annually conducts in-depth interviews of commercial users of legal services to assess the strengths and reputations... Continue Reading

22 Morris Nichols Attorneys Selected for Inclusion in Super Lawyers - Delaware Edition 2013

Wilmington, DE (May 23, 2013) – 22 Morris Nichols attorneys have been selected for inclusion in Super Lawyers - Delaware Edition 2013.  Rick Alexander and A. Gilchrist Sparks, III, were named to the Best of the Best Top 10 Delaware Super Lawyers list. Super Lawyers is a rating service of outstanding lawyers from more than 70 practice... Continue Reading

Morris Nichols Business Reorganization and Restructuring Group Wins TMA's 2012 Turnaround of the Year Award

Wilmington, DE (October 18, 2012) – Morris Nichols’ Business Reorganization and Restructuring Group received a Turnaround of the Year Award for its role as part of the turnaround team that helped reverse the fortunes of Trico Marine Group (TMG), one of Europe’s most widely-recognized brands in the offshore subsea-services... Continue Reading

Gregory Werkheiser Appointed Co-Chair of Appeals Subcommittee for ABA Section of Litigation Bankruptcy & Insolvency Committee

Wilmington, DE (September 26, 2012) - Gregory W. Werkheiser, Morris Nichols Business Reorganization & Restructuring Group partner, has been appointed co-chair of the Appeals Subcommittee for the American Bar Association Section of Litigation Bankruptcy and Insolvency Committee. The Bankruptcy and Insolvency Litigation Committee is made up... Continue Reading

28 Morris Nichols Attorneys Named to The Best Lawyers in America 2013

Wilmington, DE (August 31, 2012) – 28 Morris Nichols attorneys have been named to The Best Lawyers in America 2013 in twenty two practice areas. Morris Nichols lawyers were selected for outstanding reputations and distinguished work in their practice areas based on a confidential peer-review survey of the top attorneys in the country, according... Continue Reading

Gregory Werkheiser is Named to Board of Advisors for the Widener Law Institute of Delaware Corporate & Business Law

Wilmington, DE (June 8, 2012) - Gregory W. Werkheiser, member of the Morris Nichols Business Reorganization & Restructuring Group, has been named to the Board of Advisors for the Widener Law Institute of Delaware Corporate & Business Law. The Widener University School of Law’s Institute of Delaware Corporate & Business Law serves... Continue Reading

Morris Nichols Helps Fox Sports to Successful Outcome in Dodgers Bankruptcy

Wilmington, DE (January 20, 2012) - Partnering with litigation counsel Jenner & Block LLP, bankruptcy attorneys from Morris Nichols helped preserve valuable media rights held by News Corporation’s Fox Sports Net West 2, LLC (“Prime Ticket”) in the face of challenges by the bankrupt Los Angeles Dodgers.  Prior to... Continue Reading

Curtis Miller Appointed Co-Chair of the Bankruptcy Section of the Delaware Chapter of the Federal Bar Association

Wilmington, DE (November 1, 2011) – Curtis Miller, Morris Nichols Business Reorganization & Restructuring associate, has been appointed Co-Chair of the Bankruptcy Section of the Delaware Chapter of the Federal Bar Association. The mission of the Federal Bar Association, founded in 1920, is to strengthen the federal legal system and... Continue Reading

Twenty-One Morris Nichols Practice Areas Named in U.S. News/Best Lawyers 2011-2012 Rankings of Best Law Firms

Wilmington, DE (November 16, 2011) – Morris, Nichols, Arsht & Tunnell LLP has been recognized in twenty-one practice areas in the U.S. News & World Report/Best Lawyers 2011 - 2012 "Best Law Firms" rankings. Those practice areas are Administrative/Regulatory Law, Banking and Finance Law, Bankruptcy and Creditor Debtor Rights,... Continue Reading

Morris Nichols Business Reorganization & Restructuring Group a Finalist for Turnaround Deal of the Year at the 10th Annual M&A Advisor Awards

Wilmington, DE (November 17, 2011) – The Morris Nichols Business Reorganization & Restructuring Group has been named a finalist for the 10th AnnualM&A Advisor Awards in the Turnaround Deal of the Year and Consumer and Retail Products categories (up to $250 million).  The Group was selected for its efforts in the sale of... Continue Reading

Tarik Haskins, Curtis Miller, Eric Wilensky to Become Morris Nichols' Newest Partners

Wilmington, DE (October 20, 2011) – Morris, Nichols, Arsht & Tunnell LLP is pleased to announce that Tarik J. Haskins, Curtis Miller and Eric Wilensky will become partners, effective January 1, 2012.  Rick Alexander, firm Chair, made the announcement of the election.  Tarik Haskins joined Morris Nichols in 2006 and is a member... Continue Reading

Eric Schwartz Appointed as an Officer for American Bankruptcy Institute's International Committee

Wilmington, DE – December 3, 2010 – Morris Nichols business reorganization and restructuring partner Eric Schwartz has been appointed as an officer for the International Committee of the American Bankruptcy Institute (ABI).  The ABI is the largest multi-disciplinary, non-partisan organization dedicated to research and education on... Continue Reading

Morris Nichols Business Reorganization & Restructuring Group a Finalist for The M&A Advisor's Middle-Market Financing Awards

Wilmington, DE (June 1, 2010) – Morris, Nichols’ Business Reorganization and Restructuring Group has been named a finalist for The M&A Advisor‘s Middle-Market Financing Awards.  The Group was selected for its effort in the acquisition of Ritz Camera Centers, Inc., the reorganization and acquisition of Big 10 Tire Stores,... Continue Reading

Eric Schwartz Opening Speaker at TerraLex Bankruptcy/Insolvency Group European Meeting

Wilmington, DE – April 6, 2010 – Morris Nichols business reorganization and restructuring partner Eric Schwartz and Regional Co-Vice Chair of the TerraLex Bankruptcy/Insolvency Practice Group served as the opening speaker at the TerraLex Bankruptcy/Insolvency Group European Meeting, March 18-19, in London. Twenty-three delegates... Continue Reading

Morris Nichols Business Reorganization & Restructuring Group Named a Finalist in Three Categories for the 4th Annual Turnaround Awards

Wilmington, DE (March 17, 2010) – The M&A Advisor today announced that Morris Nichols’ Business Reorganization and Restructuring Group has been named a finalist in three categories for the 4th Annual Turnaround Awards.  The finalists will be judged by an independent panel and award recipients will be announced at the Turnaround... Continue Reading

Three Morris Nichols Attorneys Named 2010 Lawyers of the Year by The Best Lawyers in America

Wilmington, DE – November 30, 2009 – Morris, Nichols, Arsht & Tunnell LLP lawyers A. Gilchrist Sparks, III, William H. Sudell, Jr. and Kenneth J. Nachbar have been named 2010 Delaware Lawyers of the Year by the Best Lawyers in America Guide.  The firm’s lawyers received three of the six honors recognizing Delaware’s... Continue Reading

Eric Schwartz Moderates at ABI's 2009 Complex Financial Restructuring Program Case Study of Corporate Reorganization Process

Wilmington, DE – September 21, 2009 – Morris Nichols business reorganization and restructuring partner Eric Schwartz served as a program moderator at ABI’s 2009 Complex Financial Restructuring Program (CFRP) case study held concurrently with ABI’s 17th Annual Southwest Bankruptcy Conference at the Hyatt Regency Lake Tahoe Resort, Incline... Continue Reading

Morris Nichols Business Reorganization & Restructuring Group Wins The M&A Advisor U.S. Middle-Market Financing Award

Wilmington, DE (September 24, 2009) – The M&A Advisor has named Morris Nichols’ Business Reorganization and Restructuring Group the winner of its U.S. Middle-Market Financing Award in the Retail Manufacturing/Distribution & Good/Services sector deal category for its representation of Hancock Fabrics, Inc., in its successful... Continue Reading

Morris Nichols Expands IP Litigation, Business Reorganization & Restructuring Practices

Wilmington, DE – July 6, 2009 – Morris, Nichols, Arsht & Tunnell LLP is pleased to announce that Melissa Troutner has joined the firm as an associate in the Intellectual Property Litigation Group and that David Arens and Carl Fleming have joined the firm as associates in the Business Reorganization and Restructuring Group. Melissa... Continue Reading

Morris Nichols Recognized for Role as Debtor's Counsel in Successful Reorganization of Big 10 Tire Stores

Wilmington, DE (July 23, 2009) – Morris Nichols’ Business Reorganization and Restructuring Group was recognized for its role as debtor’s counsel to Big 10 Tire Stores, one of the largest independent tire dealers in the Southeastern U.S., in the successful reorganization and sale of its operations. In an announcement released by... Continue Reading

Morris Nichols Business Reorganization & Restructuring Group Wins 2009 Turnaround Atlas Award

Wilmington, DE (July 23, 2009) – Morris Nichols’ Business Reorganization and Restructuring Group has won a Turnaround Atlas Award for its role in the restructuring of Hancock Fabrics, Inc., one of the only national retailers to emerge successfully from bankruptcy as a reorganized entity since enactment of the new bankruptcy amendments... Continue Reading

Morris Nichols Represents RCI Acquisition LLC in Successful Bid to Regain Control of Ritz Camera Centers

Wilmington, DE – July 25, 2009 – Morris Nichols Business Reorganization & Restructuring partner Derek Abbott successfully concluded a marathon 24-hour auction on behalf of RCI Acquisition LLC in its bid for the assets of Ritz Camera Centers, Inc., America’s largest specialty camera store chain.  RCI’s winning bid... Continue Reading

18 Morris Nichols Attorneys Selected for Inclusion in Super Lawyers - Delaware Edition 2009

Wilmington, DE – June 3, 2009 – Super Lawyers® magazine has named 18 Morris Nichols attorneys as top legal counsel in Delaware for 2009, three more than were listed in 2008. The selections for Super Lawyers are made by Law & Politics who undertakes a rigorous selection process that includes a statewide survey of lawyers,... Continue Reading

Chambers USA 2009 Names 20 Morris Nichols Attorneys and Five Practice Groups as Best in Delaware

Wilmington, DE – June 12, 2009 – The 2009 edition of Chambers USA:  America’s Leading Lawyers for Business today ranked twenty Morris Nichols’ attorneys and five practice groups as best in Delaware. Chambers annually conducts in-depth interviews of commercial users of legal services to assess the strengths and... Continue Reading

Morris Nichols Business Reorganization & Restructuring Group a Finalist for Four Turnaround Atlas Awards

Wilmington, DE (June 19, 2009) – Morris Nichols’ Business Reorganization and Restructuring group was named a finalist in four categories for the Turnaround Atlas Awards 2009.  The Business Reorganization and Restructuring group, considered among the most prolific restructuring practices in the country, is a finalist in the Chapter... Continue Reading

Derek Abbott Quoted in Bloomberg on Tribune Co's Proposed Sale of Chicago Cubs

Wilmington, DE – March 9, 2009 – Morris Nichols’ business reorganization and restructuring partner Derek Abbott was quoted by Bloomberg media in an article about the Tribune Company’s proposed sale of the Chicago Cubs. Tribune, the Chicago-based owner of the Los Angeles Times and the Chicago Tribune, filed for bankruptcy on... Continue Reading

Events

2016 Delaware Bench & Bar Conference

The Delaware Chapter of the Federal Bar Association, in conjunction with the Federal Circuit Bar Association, will host the 2016 Delaware Bench & Bar Conference in Wilmington, Del., from May 19-20. Morris Nichols partner Curtis Miller will speak at the two-day conference featuring appellate, district and bankruptcy judges from around the United... Continue Reading

ABI Annual Spring Meeting 2016

4.14.2016 through 4.17.2016 in Washington, DC - Business Reorganization & Restructuring
by Derek C. Abbott

The American Bankruptcy Institute hosts its annual spring meeting in Washington, D.C. from April 14-17, 2016. Morris Nichols partner Derek Abbott will participate in the session, “Everything You Need to Know About Liquidating Chapter 11 Plans” on April 16. Panelists with provide debtor perspective, explaining how to successfully use a chapter... Continue Reading

Eric Schwartz guest lecturer at Georgetown University McDonough School of Business

Eric Schwartz was a guest lecturer at Georgetown University McDonough School of Business.  Mr. Schwartz lectured on the subject of corporate fiduciary duties in a distress situation to the Corporate Restructuring class of students in the masters in business program.   Mr. Schwartz' hour-long lecture covered the challenges officers and directors... Continue Reading

VALCON 2016

3.14.2016 through 3.16.2016 in Las Vegas - Business Reorganization & Restructuring
by Andrew R. Remming

The American Bankruptcy Institute, Association of Insolvency & Restructuring Advisors and The University of Texas School of Law hosts VALCON 2016 from March 14 to 16, 2016 in Las Vegas, Nev. The annual conference brings together dealmakers, fund investors, and financial and legal advisors. On March 15, Morris Nichols partner Andrew Remming... Continue Reading

12th Annual Wharton Restructuring and Distressed Investing Conference

On February 26, 2016, the Wharton School hosts the largest restructuring and distressed investing-focused school-run conference in the United States. From the Plaza Hotel in New York City, the 12th annual conference will focus on the theme, “Finding Opportunity in a Volatile World”, with keynote speakers and panelists discussing the current... Continue Reading

2015 TMA Asia Pacific Conference

11.19.2015 through 11.20.2015 in Singapore - Business Reorganization & Restructuring
by Eric D. Schwartz

The Turnaround Management Association hosted its 2015 TMA Asia Pacific Conference in Singapore and Morris Nichols Partner, Eric Schwartz was invited to present on the Judges Panel covering the topic of Restructuring Regimes. He joined Judicial Commissioner Kannan Ramesh of the Supreme Court of Singapore and Judge Bingkun Ye of Xiamen Intermediate... Continue Reading

ABI’s 12th Annual Complex Financial Restructuring Program

11.5.2015 in Philadelphia, PA - Business Reorganization & Restructuring
by Derek C. Abbott

The American Bankruptcy Institute hosts its annual program on complex financial restructuring on November 5, 2015 in Philadelphia. Taking a practical look into restructuring strategies, the day-long event will focus on a real case study of a troubled company’s efforts to reorganize. Morris Nichols partner Derek Abbott serves on the program... Continue Reading

2015 TMA Annual

10.5.2015 through 10.7.2015 in Scottsdale, AZ - Business Reorganization & Restructuring
by Derek C. Abbott

From October 5-7, 2015, the Turnaround Management Association hosts its annual conference in Scottsdale, Ariz. Morris Nichols partner Derek C. Abbott will participate in the panel discussion, “Keips, Kerps, Retentions and Other Compensation Packages: A Turnaround Manager's Tool Kit” on October 6. Speakers will explore the various tools... Continue Reading

VALCON 2015

2.25.2015 through 2.27.2015 in Las Vegas, NV - Business Reorganization & Restructuring
by Robert J. Dehney

The American Bankruptcy Institute hosts VALCON 2015 from Feb. 25 to 27, 2015 in Las Vegas, Nev. The conference brings together dealmakers, fund investors, and financial and legal advisors. Morris Nichols partner Robert J. Dehney serves on the conference advisory board and will participate in the panel discussion, “Absolute vs. Relative... Continue Reading

Mediation in Commercial Bankruptcy

On Dec. 10, 2014, Bankruptcy Judges of the District of Delaware and many experienced practitioners and mediators from Delaware and around the country will join together for a day-long CLE seminar.  Sponsored by the Bankruptcy Section of the Delaware State Bar Association, the program will focus on the ever-growing breadth of mediation in... Continue Reading

ABI 11th Annual Complex Financial Restructuring Program

11.6.2014 in Philadelphia, PA - Business Reorganization & Restructuring
by Derek C. Abbott

Morris Nichols is a sponsor of the 11th Annual Complex Financial Restructuring Program on Nov. 6, 2014. Hosted by the American Bankruptcy Institute in partnership with the Turnaround Management Association’s Philadelphia chapter, the day-long program will take place on the University of Pennsylvania Wharton School of Business campus. Morris... Continue Reading

Phila TMA Delaware Educational & Networking Event

On Oct. 28, Morris Nichols partner Gregory W. Werkheiser will join a panel discussion presented by the Philadelphia Chapter of the Turnaround Management Association. Morris Nichols will host the program in their Wilmington, Del. offices. The two-hour discussion will explore hot topics and ethical issues confronting professionals in the... Continue Reading

The Knowledge Group Webinar: Significant Issues in Distressed Debt and Restructurings

Morris Nichols partner Curtis Miller will serve as a speaker for a webcast entitled “Significant Issues in Distressed Debt and Restructurings", on May 20, 2014, from 10:00AM-12:00PM. Curtis will be joined on the panel by Richard M. Nugent, a partner at Cadwalader, Wickersham & Taft, Harvey Berenson, Managing Director at FTI... Continue Reading

VALCON 2014

2.26.2014 through 2.28.2014 in Las Vegas, NV - Business Reorganization & Restructuring
by Eric D. Schwartz

The American Bankruptcy Institute hosts VALCON 2014 from February 26 to 27, 2014 in Las Vegas, Nev. The conference brings together dealmakers, fund investors, and financial and legal advisors. Morris Nichols partner Eric Schwartz will moderate the panel “Making Your Case:  Presenting Valuation Evidence.” The panel will cover strategies and... Continue Reading

2013 TerraLex Global Meeting

Eric Schwartz, Morris Nichols Business Reorganization & Restructuring Group partner, will provide introductory remarks at the TerraLex Bankruptcy/Insolvency Practice Group Meeting, at the TerraLex Global Meeting in Paris, France.  The Group's featured presentation, Current Developments Regarding Intellectual Property Issues in Insolvency... Continue Reading

Getting Paid: A Discussion of the Ins and Outs of the Revised United States Trustee Fee Guidelines

As Co-Chair of the Bankruptcy Section of the Federal Bar Association, Curtis Miller, Morris Nichols Business Reorganization & Restructuring partner, developed the program “Getting Paid: A Discussion of the Ins and Outs of the Revised United States Trustee Fee Guidelines” hosted at Morris Nichols on Sept. 25, 2013. Gregory Werkheiser,... Continue Reading

9th Annual ABI Mid-Atlantic Bankruptcy Workshop

Gregory Werkheiser, Morris Nichols Business Reorganization & Restructuring Group partner, will serve as a panel speaker on the program titled Checking In on the Supremes: Recent Decisions and Key Supreme Court Decisions Revisited, Including Stern v. Marshall at the American Bankruptcy Institute (ABI) 9th Annual Mid-Atlantic Bankruptcy Workshop... Continue Reading

Important Provisions—Practical Considerations of U.S. Bankruptcy Law

2.14.2013 in Wilmington, DE and Vienna, Austria - Business Reorganization & Restructuring
by Eric D. Schwartz

Eric Schwartz, Morris Nichols Business Reorganization & Restructuring Group partner, presented Important Provisions - Practical Considerations of U.S Bankruptcy Law to a select group of blue-chip Austrian companies during a seminar arranged by the TerraLex Austrian law firm of Fellner Wratzfeld & Partner and its partner Paul Luiki. The... Continue Reading

ABI 9th Annual Complex Financial Restructuring Program

Derek C. Abbott, member of the Morris Nichols Business Reorganization and Restructuring Group, will be a featured panelist at the American Bankruptcy Institute’s 9th Annual Complex Financial Restructuring Program, September 13-14, 2012, at the Four Seasons Hotel Las Vegas. Derek will join a distinguished group of co-panelists who will assume... Continue Reading

TMA 10th Anniversary Mid-Atlantic Regional Symposium

Derek C. Abbott and Gregory W. Werkheiser, members of the Morris Nichols Business Reorganization and Restructuring Group, will be featured speakers at the Turnaround Management Association (TMA) 10th Anniversary Mid-Atlantic Regional Symposium, June 13-14, 2012, at the Borgata Hotel Casino & Spa in Atlantic City, New Jersey. Derek is the... Continue Reading

Fiduciary Duties at the Intersection of Federal Bankruptcy and State Corporate Law

The Institute of Delaware Corporate and Business Law hosts a day-long conference on fidicuiary duties at Widener University School of Law's Delaware campus on April 16, 2012. Morris Nichols partner Greg Werkheiser will participate in the session, “Stern v. Marshall and Other Jurisdictional Issues Relating to Breach of Fiduciary Duty Claims... Continue Reading

5th Annual New York Institute of Credit/ABF Journal/TMA Philadelphia Education Conference

Eric Schwartz, Morris Nichols Business Reorganization & Restructuring Group partner, will serve on the panel To File or Not to File . . . That is the Question – Views From the Bench, Legal & Turnaround Practitioners at the 5th Annual New York Institute of Credit/ABF Journal/TMA Philadelphia Education Conference in Villanova, Penn.,... Continue Reading

VALCON 2012

Morris Nichols Business Reorganization & Restructuring Group partner and practice group coordinator Robert Dehney will be a featured faculty panelist for the session entitled Bankruptcy, Valuation and Restructuring in the Middle Market: Current Tools, Issues and Opportunitiesat the VALCON 2012 Conference in Las Vegas, Nevada, February 22-24,... Continue Reading

TerraLex Bankruptcy/Insolvency Practice Group European Meeting

Eric Schwartz, Morris Nichols Business Reorganization & Restructuring Group partner, will speak at the TerraLex Bankruptcy/Insolvency Group European Meeting in London, November 4, 2011.  Eric’s presentation will explore significant recent U.S. bankruptcy and insolvency cases. Bankruptcy practitioners from major European and U.K. law... Continue Reading

Distressed Debt Conference 2011

10.3.2011 through 10.4.2011 in New York, NY - Business Reorganization & Restructuring
by Gregory W. Werkheiser

Gregory Werkheiser, a Morris Nichols Business Reorganization & Restructuring partner, will serve as a panel speaker on the program titled “New Rules of Disclosure in Bankruptcy” at The Distressed Debt Conference 2011, held October 3-4, 2011 in New York City. Greg’s panel will discuss, among other things, the disclosure requirements... Continue Reading

19th Annual ABI Southwest Bankruptcy Conference

Morris Nichols Business Reorganization & Restructuring partner Gregory Werkheiser will serve as a panel speaker on the Financial Advisor Track program titled, Betting Big to Win Big: Retention and Compensation Issues in Chapter 11 Cases at the American Bankruptcy Institute (ABI) Southwest Bankruptcy Conference, September 8-10, 2011 in Las... Continue Reading

4th Annual New York Institute of Credit/ABF Journal/TMA Philadelphia Education Conference

Robert Dehney, Morris Nichols Business Reorganization & Restructuring Group partner and practice group coordinator will serve on the panel Current Climate in Reorganizations:  Views From the Bench, Legal & Turnaround Practitioners at the 4th Annual New York Institute of Credit/ABF Journal/TMA Philadelphia Education Conference in... Continue Reading

TerraLex America's Fourth Annual Insolvency Practice Group Meeting

Eric Schwartz, Morris Nichols Business Reorganization & Restructuring Group partner, will serve as program moderator for the Fourth Annual Meeting of TerraLex America’s Insolvency/Bankruptcy Practice Group in Tampa, Florida, March 11, 2011. Bankruptcy practitioners from over two dozen major U.S. law firms will be represented at this... Continue Reading

Bankruptcy Litigation Advocacy Program

On March 11, 2011, the U.S. District Court for the District of Delaware and the U.S. Bankruptcy Court for the District of Delaware together with the Federal Bar Association, Delaware Chapter present the Bankruptcy Litigation Advocacy Program. Morris Nichols partner Greg Werkheiser participated in the session on “Effective Motion Practice.”... Continue Reading

Strafford Webinar: Bankruptcy: Attorney-Client Privilege and Work Product

Strafford hosts a CLE webinar providing guidance for bankruptcy counsel on the implications of the attorney-client privilege for stakeholders in the bankruptcy process—debtors, creditors, committees and professionals. Morris Nichols partner Greg Werkheiser participates on the panel which will discuss legal strategies for preserving the privilege... Continue Reading

The Intersection of Federal Bankruptcy and State Corporate Law

Morris Nichols Business Reorganization & Restructuring partner Donna Culver will moderate the panel titled Attorney-Client and Joint Defense Privileges in Business Bankruptcy Litigation at the Widener University School of Law program The Intersection of Federal Bankruptcy and State Corporate Law held at Widener Law’s Delaware Campus, May 24,... Continue Reading

TerraLex Americas 3rd Annual Insolvency Practice Group Meeting

5.14.2010 in Indianapolis, IN - Business Reorganization & Restructuring
by Eric D. Schwartz

Morris Nichols Business Reorganization and Restructuring Group partner Eric Schwartz served as program moderator for the Third Annual Meeting of TerraLex Americas Insolvency Practice Group in Indianapolis, Indiana, May 13-14, 2010. Bankruptcy practitioners from nearly two dozen major U.S. law firms were represented at this year’s Meeting,... Continue Reading

3rd Annual New York Institute of Credit/ABF Journal/TMA Philadelphia Conference

Business Reorganization & Restructuring Group partner and practice group coordinator Robert Dehney will serve on the panel Today’s Climate in Reorganizations – Views From Legal/Turnaround Professionals & Bankruptcy Judges at the 3rd Annual New York Institute of Credit/ABF Journal/TMA Philadelphia Education Conference in... Continue Reading

ExecSense Webinar: The Instant Impact of In re Premier Int'l Holdings, Inc.

Morris Nichols Business Reorganization & Restructuring associate Andrew Remming will host the live webinar The Instant Impact of In re Premier Int’l Holdings, Inc. (Del. Bkrcy. Jan. 20, 2010) on Bankruptcy Lawyers and Rule 2019 Disclosures by Informal Creditor Groups on Tuesday, February 23, 2010.  The webinar is part of a continuing... Continue Reading

Strafford Webinar: Prepackaged and Prenegotiated Chapter 11 Reorganizations: Evaluating the Benefits and Risks

Business Reorganization & Restructuring Group partner and practice group coordinator Robert Dehney will be a featured panelist for Prepackaged and Prenegotiated Chapter 11 Reorganizations: Evaluating the Benefits and Risks of Pre-Bankruptcy Restructuring Plans during a live 90-minute legal teleconference produced by Atlanta-based Strafford... Continue Reading

Intersections of Bankruptcy and Intellectual Property

The U.S. Bankruptcy Court for the District of Delaware and the Delaware Chapter of the Federal Bar Association co-present this special CLE seminar and social event in Wilmington, Del. on September 11, 2008.  Morris Nichols partner Greg Werkheiser will speak in the session, “Treatment of Licenses and Other Intellectual Property Interests in... Continue Reading

Publications

Teligent Allows Law Firm Defendant in Malpractice Action to Challenge Validity of Proceeds Assignment Contained in Settlement Previously Approved by Bankruptcy Court

Gregory W. Werkheiser, “Teligent Allows Law Firm Defendant in Malpractice Action to Challenge Validity of Proceeds Assignment Contained in Settlement Previously Approved by Bankruptcy Court,” Ethics & Prof. Comp. Comm. ABI Committee...

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Client Alerts

Delaware Court of Chancery Issues Significant Opinion on Corporate Creditors; Addresses Fiduciary Duties, Standing, and Measure of Insolvency

In an opinion issued on May 4, 2015, Quadrant Structured Products Co., Ltd. v. Vertin, the Court of Chancery provided important guidance to distressed Delaware corporations and their creditors.  Among other things, the Court (i) summarized...

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