Cases
Represented the company’s principal in avoidance litigation and other actions brought in bankruptcy court in Delaware, the Business Restructuring and Bankruptcy Group prevailed before the 3rd Circuit Court of Appeals resulting in a precedential decision regarding property of a bankruptcy estate.
Represents Mountain Shadows Golf Club and the shuttered Mountain Shadows Resort in their Chapter 11 reorganizations in Arizona, the Business Restructuring and Bankruptcy Group successfully defeated early attempts by the secured creditor to dismiss the cases, for relief from the automatic stay to foreclosure, and to oppose interim financing, along with significant opposition from other creditors and parties ranging from dissenting homeowners to the township. Through extensive negotiations with creditors, the Business Restructuring and Bankruptcy Group successfully confirmed a plan of reorganization that paid all creditors in full, allowed equity to retain ownership, and obtained all necessary approvals for development, paving the way for the reorganized debtor to break ground on the revitalization of the Mountain Shadows Resort.
Represented the Monorail in successfully restructuring $650 million of debt. This representation required extensive involvement of other Gordon Silver practice groups, including securities and tax analysis given the non-profit status of the Monorail and the debt being conduit bond financing sponsored by the State of Nevada.
Represented Jerry's Nugget in its ongoing Chapter 11 bankruptcy proceeding. A plan of reorganization was confirmed retaining existing ownership and providing for debt restructuring.
Represented the Company in its successful restructuring which resulted in the lender taking ownership of the property and payment in full of unsecured creditors.
Represented the dip lender in this charter airline case in the US Bankruptcy Court in Arizona. Upon confirmation of a plan of reorganization, the dip lender assumed ownership of the reorganized debtor and Gordon Silver now represented the reorganized debtor.
Represented the Chapter 11 trustee in successfully recovering for shareholders the value of the intellectual property of the debtor wrongfully transferred to a third party. The transactions occurred in Canada and required extensive extra-territorial services on the part of Gordon Silver.
In a Chapter 11 case, represented a committee of investors in notes and deeds of trust serviced by the debtor.
Successfully represented Harrah’s in the Enron Chapter 11 case in a litigation seeking more than $50 million.
Represented the lender in this Chapter 11 case for the manufacturer of London Fog clothing.
Represented Herbst Gaming in Chapter 11 with regard to the restructuring of more than $1.2 billion of debt, with unsecured creditors being paid in full.
Represented the Riviera Hotel & Casino in two Chapter 11 cases. The first in 1990 resulted in a reorganization of both the ownership and debt. The second in 2010 again resulted in the restructuring of approximately $200 million of debt into a combination of debt and equity, with unsecured creditors being paid in full. In the second representation, Eve Karasik with her former firm represented the unsecured creditors' committee.