Fraudulent Transfer Lawsuit Case Strategies: Official Committee of Unsecured Creditors of Norstan Apparel Shops, Inc. V. Norman Lattman, Stanley Lattman et Al.

Overview

Written by experienced bankruptcy litigators, Fraudulent Transfer Lawsuit Case Strategies provides an inside look into the war room of committee counsel in their pursuit of $70 million on behalf of the debtor's estate against selling shareholders in a failed LBO. Offering in-depth explanations of concepts unique to bankruptcy law, practical advice on methodologies and procedural strategy, and suggestion of best practices, this book provides invaluable insight into the rigors of recovering funds received by ...
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Overview

Written by experienced bankruptcy litigators, Fraudulent Transfer Lawsuit Case Strategies provides an inside look into the war room of committee counsel in their pursuit of $70 million on behalf of the debtor's estate against selling shareholders in a failed LBO. Offering in-depth explanations of concepts unique to bankruptcy law, practical advice on methodologies and procedural strategy, and suggestion of best practices, this book provides invaluable insight into the rigors of recovering funds received by outgoing shareholders in a failed LBO for the benefit of unsecured creditors in a liquidating Chapter 11 case. This book also provides readers with crucial information regarding the pitfalls faced by unsecured creditors' committees in Chapter 11 cases which lack adequate funding to pursue avoidance actions and highlights one committee's experience in overcoming this significant obstacle. Furthermore, by shadowing the maneuvers of the Norstan committee in its pursuit of recovering almost $70 million taken from the company by outgoing shareholders in a failed LBO, this book provides a road map for future committees and putative defendants to avoid the pitfalls they might experience in similar litigation.
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Product Details

  • ISBN-13: 9780314989833
  • Publisher: Aspatore Books
  • Publication date: 3/1/2008
  • Pages: 24
  • Product dimensions: 5.10 (w) x 8.20 (h) x 0.40 (d)

Meet the Author

Ronald R. Sussman is a partner in the bankruptcy and restructuring practice of Cooley Godward Kronish LLP. He joined Kronish Lieb Weiner & Hellman in 1998, which was merged into Cooley Godward Kronish in 2006. Mr. Sussman is resident in the New York office and is one of two New York based hiring partners for the firm. Mr. Sussman has successfully handled a multitude of contested bankruptcy matters on behalf of creditor committees, employee committees, other official committees, and debtors throughout the country. His experience includes exclusivity contests, officer and director liability litigation, equitable subordination actions, purchase price adjustment litigation, plan of reorganization confirmation proceedings, fraudulent conveyance/transfer actions, preference actions, turnover proceedings, cash collateral hearings, severance and retention hearings, claims litigation, UCC litigation, lease and executory contract litigation, and asset disposition hearings. He has also litigated a broad range of commercial disputes in connection with contested bankruptcy proceedings.

Jeffrey L. Cohen is an associate in the bankruptcy and restructuring practice group of Cooley Godward Kronish LLP. Mr. Cohen joined Kronish Lieb Weiner & Hellman LLP in 2002, which was merged into Cooley Godward Kronish LLP in 2006, and is a resident in the New York office. Mr. Cohen's practice is concentrated in the area of Chapter 11 bankruptcy reorganization, liquidation and related litigation. He frequently represents unsecured creditors' committees and debtors in Chapter 11 cases, as well as fee committees, purchasers of assets, parties to executory contracts, and unsecured creditors.

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