William H. Patrick III

William H. Patrick III


Fishman Haygood L.L.P.

Recognized since 1995

New Orleans, Louisiana

Practice Areas

Banking and Finance Law

Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Litigation - Bankruptcy

Lawyer of the Year Badge - 2019 - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Lawyer of the Year Badge - 2014 - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Lawyer of the Year Badge - 2013 - Litigation - Bankruptcy Lawyer of the Year Badge - 2011 - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
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William H. Patrick, III concentrates his practice in corporate bankruptcy, corporate workouts and financial restructuring, representing debtors, committees, trustees, equity investors and other parties in interest. He has played major roles in the restructuring of casinos, utility companies, restaurant and fast food chains, hotels, television broadcast companies, orthodontic management companies, and resolving claims arising from asbestos, breast implants, nuclear radiation, and other hazards.

He is presently co-counsel to Federal Guaranty Insurance Company, insurer for $1.7 billion of bonds, in Chapter 9 bankruptcy case of Jefferson County, Alabama. He represents Municipal Employees Retirement System of Louisiana and Firefighters Retirement System of Louisiana in the Chapter 11 cases of Commonwealth Investment Funds (Delaware).

He also represented the Chapter 11 Trustee in liquidating the assets and distributing the proceeds to investors in Pooled Pension Fund Management Corporation, which was essentially a ponzi scheme. He has been principal reorganization counsel to the debtors in possession in the bankruptcy cases of Communications Corporation of America (27 television stations in several states); OCA, Inc. (largest manager of orthodontic practices in the United States); Legends Gaming Company (owner and operator of two casinos and hotels in Bossier City, La. and Vicksburg, Ms.); Harrah’s Jazz Company (owner of the land-based casino in New Orleans) and its publicly-traded successor, Jazz Casino Company; and Clean Harbors Plaquemine, LLC (owner and former operator of hazardous waste injection well).

Mr. Patrick represented the holders of $230 Million in secured bonds in the bankruptcy case of Entergy New Orleans, Inc., the owner of the public utility for New Orleans, La. He has also represented official creditors’ committees in the bankruptcy cases of Grand Palais Riverboat, Inc. (riverboat casino in New Orleans) and Hollywood Casino Shreveport (riverboat casino and hotel in Shreveport, La.), and several thousand Louisiana breast implant claimants in the Dow Corning bankruptcy case in Michigan. He was counsel for corporate governance issues and issues related to the Apollo/Parks Township settlement (nuclear exposure claims) in the mass tort asbestos case of The Babcock & Wilcox Company. He has also represented debtors and creditors in reorganization cases involving nursing homes, hotels, apartment complexes, real estate developments, shopping centers, industrial contractors, and a variety of other gaming companies and retailers. He speaks frequently at seminars and continuing legal education events.

Location

  • 201 Saint Charles Avenue, Suite 4600
    New Orleans, LA 70170-4600

Education

  • Louisiana State University, juris doctor, graduated 1997
  • Louisiana State University, graduated 1975

Bar Admissions

  • Louisiana, Louisiana State Bar Association

Lawyer of the Year Badge - 2019 - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Lawyer of the Year Badge - 2014 - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Lawyer of the Year Badge - 2013 - Litigation - Bankruptcy Lawyer of the Year Badge - 2011 - Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law

Named "Lawyer of the Year" by Best Lawyers® for:

  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, New Orleans (2019)
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, New Orleans (2014)
  • Litigation - Bankruptcy, New Orleans (2013)
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, New Orleans (2011)

Recognized in The Best Lawyers in America® 2023 for work in:

  • Banking and Finance Law
  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Litigation - Bankruptcy

Awards:

  • Fellow American College of Bankruptcy
  • AV Rating Martindale-Hubbell
  • Louisiana Super Lawyers Top 50 since 2007
  • Chambers USA Bank 1 Rating
  • City Business Leadership in Law
  • American Bar Association
  • American Bankruptcy Institute
  • Louisiana Bar Association
  • Member Louisiana Law Review
  • Member Order of the Coif
  • Member Phi Kappa Phi

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