David is a 25-year veteran of the financial restructuring world who provides practical, straight-forward advice to all types of institutions that interact with a distressed business.
As the lead attorney for multiple high-profile matters, David is skilled at managing complex restructurings and unraveling the competing interests of all relevant parties. In both in-court bankruptcies and out-of-court workouts, David has led work on many complex, multi-party matters, including one recent case involving a large-scale fraud and tens of thousands of consumer claims. His clients include debtors, senior secured lenders, bondholders, creditors' committees, receivers and asset purchasers.
Tapping his business education, David looks for creative solutions that satisfy the diverse constituencies of a distressed business. He puts a premium on speed, as value erodes and options diminish nearly every day in a financial restructuring. David's quick thinking and persistence helps clients preserve value and plan for the future even as "the ice cube melts."
Some of his recent notable representations include:
* US Fidelis, Inc. Lead attorney for the Creditors' Committee in the Chapter 11 of the nation's largest vehicle service contract provider. As featured on a 2014 episode of CNBC's "American Greed," the case centered on $100 million scheme that resulted in a 42-state attorney general investigation and a bankruptcy settlement that satisfied millions of dollars in consumer claims.
* Christy Refractories Company, LLC. Represented the Debtor in the Chapter 11 case of an 80-year-old company facing thousands of asbestos claims. The Bankruptcy Court confirmed a Chapter 11 plan that channeled the asbestos claims into a Section 524(g) trust — one of only two such cases in Missouri history.
* Analytics, Inc. Represented a federal court receiver in the $25 million sale of high tech business with a large chemical testing facility. This multi-state receivership involved the interaction of Federal Priority Statute with federal income tax claims incurred during the receivership. The going concern sale preserved a large number of highly skilled jobs.