David D. Cleary - Greenberg Traurig LLP

David D. Cleary

Listed in Best Lawyers since 2012
Phone: 602-445-8579

David D. Cleary is Chair of the firm's Phoenix Business Reorganization & Financial Restructuring Practice. He focuses his practice on business restructuring and reorganizations, distressed asset dispositions and financings, debt restructurings and workouts, and litigation. David regularly represents distressed companies, financial institutions, secured and significant creditors, noteholders and bondholders, hotel/resort owner/operators, boards of directors, debtors, official and ad hoc committees, and insurance and surety portfolios.

Arizona State UniversityBA 1984DePaul University College of LawJ.D. 1987
YWCA, Maricopa CountyArizona Inn of Court

Case History

Areas of Concentration
  • Corporate reorganization, restructuring and refinancing
  • Mergers and acquisitions involving financially distressed entities and/or assets
  • Bank lending/financial institutions
  • Counsel to boards of directors and management
  • Gaming
  • Hospitality
  • Airlines
  • Health care
  • Tax-exempt restructuring

Other Court Admissions
  • U.S. Court of Appeals for the Ninth Circuit
  • U.S. Court of Appeals for the Seventh Circuit
  • U.S. District Court for the District of Arizona
  • U.S. District Court for the Northern District of Illinois
Significant Representations
  • Represented bondholder committee in Conseco Finance bankruptcy case.
  • Represented City of Chicago in United Airlines bankruptcy case.
  • Represented leading American automotive OEM in its pre-bankruptcy reorganization and corporate restructuring.°
  • Represented significant creditors in Kmart bankruptcy cases.
  • Represented credit enhancers in ATA, Delta and Northwest Airlines.°
  • Represented Richie Risk-Linked Strategies Trading (Ireland) Ltd (Life Settlement) as debtor in its Chapter 11 case.°
  • Acted as restructuring and bankruptcy counsel for Mercury Finance Company in its out-of-court restructuring efforts and subsequent Chapter 11 filing involving in excess of $2 billion indebtedness.°
  • Represented retiree committee in Florsheim Shoes.
Part 2
  • Counsel to bondholder committee in restructuring and Chapter 11 case involving an energy facility in Alabama.
  • Counsel to bondholder committee in Chapter 11 case involving a waste to energy facility in Illinois.°
  • Represented indenture trustee of approximately $600 million of senior subordinated notes in National Gypsum Chapter 11 case.°
  • Represented major manufacturing company in connection with several acquisitions in and out of bankruptcy cases.
  • Represented indenture trustees in defaults and bankruptcy cases.
  • Represented bondholders, indenture trustees and credit enhancers in both tax-exempt and taxable issues for energy, health care, airline and municipal-related transactions.
  • Provided restructuring and dispute resolution counsel as national coordinating counsel for insurance and surety companies (asbestos, construction and mass tort).
  • Represented numerous receivers and other parties-in-interest in ancillary proceedings and credit enforcement engagements.

Client Comments

"Cleary is the consummate professional. He knows how to navigate "troubled waters" with grace. He is a lawyer's lawyer."

"Dave Cleary is the consummate professional. He knows how to manage difficult cases/personalities with relative ease. "

-Keith T. Ghezzi, MD
Managing Director
Alvarez & Marshal Healthcare Industry Group, LLC

Office Location

2375 East Camelback Road, Suite 700
Phoenix, AZ 85016
United States

Practice Areas

Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
Litigation - Bankruptcy