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Bankruptcy
and Commercial Litigation
Adelphia Communications Corporation Unsecured
Creditors’ Committee: KTBS presently serves as special
counsel to the official unsecured creditors’ committee in
this case, prosecuting potential claims relating to approximately
$13 billion in secured and unsecured debt.
Brobeck Phleger & Harrison LLP Former Partners: KTBS represented approximately 125 former partners of Brobeck
in connection with disputes relating to that firm's chapter 7 bankruptcy.
CHF Capital Partners: KTBS successfully defended CHF against
claims of more than $100 million relating to the leveraged buyout
and subsequent chapter 11 of Burke Industries.
Enron: KTBS served as lead counsel for the Enron estate in the so-called “Mega Claims” litigation against Citigroup, Deutsche Bank and various related parties. This litigation was resolved successfully, following the defeat of motions to withdraw the reference, and resulted in the recovery by the estate of almost $1.7 billion in cash and waivers of in excess of $4.5 billion in claims.
Florida Power & Light: KTBS successfully prosecuted litigation
on behalf of FP&L and affiliates, relating to their ownership
of numerous generating facilities, in connection with the Pacific
Gas & Electric chapter 11 case and the related problems of Southern
California Edison.
Iridium Official Unsecured Creditors' Committee: KTBS served
as special litigation counsel to investigate and prosecute claims
against Iridium's lenders; successfully negotiated a settlemen that
produced in excess of $50 million for unsecured creditors.
Levine Leichtman Capital Partners: KTBS represented and successfully
resolved litigation against LLCP relating to the Chorus Line and
Carole Little chapter 11 cases.
National Century Financial Enterprises Creditors: KTBS served
as special counsel to Official Subcommittee of NPF XII Noteholders
concerning notes totaling over $2 billion, and achieved a favorable
settlement. The firm currently serves as special counsel to a trust
set up under the plan pursuing a preference recovery of $75 million
against one of NCFE’s investment banks.
Paramount Studios/Viacom: KTBS has represented and continues
to represent Paramount and Viacom in litigation relating to the
Valley Media and Heritage Networks chapter 11 cases.
Pioneer Electronics (USA), Inc.: KTBS has represented Pioneer
in connection with preference, fraudulent transfer and franchise
termination litigation in numerous chapter 11 cases, including Druckers,
Valley Media, Carter Hawley Hale, Ames Department Stores, Poplar
Place Stereo and Highland Superstores.
Quokka Sports, Inc.: KTBS represented an unofficial committee
of the 7% Convertible Promissory Notes in this chapter 11 case and
successfully settled, under a plan of reorganization, preference
and other potential claims against the holders of the Notes totaling
at least $12 million. The settlement provided for a full release
of claims without any payment by noteholders, plus reimbursement
of a substantial portion of the fees incurred by the firm in connection
with the case.
TCW: KTBS represents TCW in connection with litigation filed
by the Brill Media chapter 11 estate against it.
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