• Amy Caton has represented investors and creditors’ committees in many of the nation’s largest, most complex and highest-profile bankruptcies for the past 24 years. Chambers USA and Legal 500 recognize her as a leading practitioner, with sources describing her as “well versed in complex and idiosyncratic legal issues,” with “a strong understanding of the deal dynamics,” noting “she is very strategic and outmaneuvers her opponents time and again” (Chambers 2022).

    Amy’s recent high-profile representations in Chapter 11 and other restructurings include representing holders of over $3 billion of revenue bonds in Puerto Rico Electric Power Authority’s (PREPA) restructuring proceedings; holders of over $6 billion of Puerto Rico, COFINA, UPR and HTA bonds in the Commonwealth of Puerto Rico’s restructurings; the majority bondholders of AES Puerto Rico; bank lenders to PG&E (California’s largest electric utility company); and the majority holders of over $1 billion of secured and unsecured bonds in First Energy’s restructuring.

    Amy also represents bondholders in workouts of public-private partnership debt, including Maryland’s Purple Line, AES Puerto Rico, California Agriculture, City of Lombard (Westin), Denver Transit Partners and Lehman Brothers Commodity Services (Main Street), among many others. Amy has represented official committees of unsecured creditors in many of the country’s largest chapter 11 cases, including Hertz, Endo Pharmaceuticals, Brazos Electric, Patriot Coal and General Motors. 

    In addition to negotiating favorable deals for her clients in multiple workouts, Amy and the Kramer Levin bankruptcy litigation team have had extraordinary success in the courtroom for clients, including winning U.S. Supreme Court litigation to deem Puerto Rico’s 2014 bankruptcy code unconstitutional, reversing an Enron bankruptcy court decision on subordination and the rule of the last antecedent, and reversing bankruptcy and district court fact-based valuation decisions in front of the Seventh Circuit Court of Appeals on behalf of LAX Airport bondholders in the United Airlines bankruptcy.

    Amy has received many professional accolades over her career, including being recognized as a leading lawyer by Chambers USA (2019 – 2023) and Legal 500 US (2010, 2012 – 2020) and being listed in the Lawdragon 500 (2019 – 2023). She was named an Outstanding Restructuring Lawyer by Turnaround & Workouts (2010, 2015, 2018), an American Lawyer Dealmaker of the Year for 2016 and 2017, and an Am Law Litigation Daily Litigator of the Week (Feb. 12, 2015). She was also named a BTI Client Service All-Star (2019) and a Law360 Bankruptcy MVP (2015).

    Experience

    • Brazos Electric Power Cooperative Inc. - Representation of the Official Committee of Unsecured Creditors.

    • The Hertz Corporation – Representation of the Official Committee of Unsecured Creditors.

    • Purple Line Light Rail Project – Representation of bondholders and indenture trustee for "Purple Line" bonds issued to fund the construction of the Maryland DOT Purple Line, a 16 mile light rail project servicing the D.C. metro area and one of the largest public private partnership projects in the country.

    • CalPlant – Representation of subordinate bond indenture trustee relating to CalPlant, a public-private partnership that involves the construction of a medium density fiberboard plant in California.

    • Commonwealth of Puerto Rico – Representation of Oppenheimer and Franklin as holders of PREPA bonds in lawsuit challenging Puerto Rico's proposed bankruptcy statute.

    • FirstEnergy Solutions Corp. – Representation of the holders of approximately 75 percent of the $2.2 billion in bonds issued by the coal and nuclear electricity generator.

    • City of Lombard – Representation of Nuveen Investments as largest holder of city of Lombard/Westin Hotel revenue and appropriation municipal bonds.

    • City of Detroit – Representation of an ad hoc group of bondholders holding more than $700 million in water and sewer revenue bonds, and Nuveen and BlackRock as holders of limited tax general obligation bonds in the city of Detroit bankruptcy proceeding.

    • Revel AC Inc. – Representation of ACR Bondholder Group and Bank of New York Mellon as indenture trustee in Revel Chapter 11 proceeding.

    • American Airlines – Representation of bondholders and indenture trustees for seven different airport financing structures totaling approximately $2 billion in municipal airport bonds, which resulted in renegotiated call protections from and reinstatement of $1.2 billion of secured bonds and above-par recoveries on unsecured claims in the American Airlines/USAir merger.  

    • Las Vegas Monorail – Representation of majority holders of Las Vegas Monorail revenue bonds in claims against Las Vegas Monorail and Ambac Assurance in the largest claim in Ambac Financial segregated account rehabilitation.

    • Southern Connector 2000 Association – Representation of U.S. Bank and Southern Connector bondholders as special litigation counsel for over $300 million of successfully restructured special revenue toll-road bonds in one of only five Chapter 9 proceedings in 2010.

    • Lehman Brothers – Representation of Bank of New York Mellon and over $700 million of Main Street bondholders in obtaining above-par recoveries for their claims against Lehman.

    • Jefferson County, AL – Representation of majority holders of sewer revenue bonds issued by Jefferson County in out-of-court restructuring negotiations and in FGIC rehabilitation proceedings in the second-largest Chapter 9 bankruptcy in history.

    • Santa Rosa Bay Bridge – Representation of ACA Financial Guaranty in restructuring negotiations for municipal revenue bonds issued by Santa Rosa Bay Bridge, FL.

    • General Motors Corp. – Representation of the Official Committee of Unsecured Creditors in GM’s successful restructuring, including leading negotiations with the U.S. Treasury on its $1 billion wind-down loan to the old GM.

    • United Airlines – Representation of banks in appellate litigation for municipal airport revenue bonds at Los Angeles International and San Francisco International airports, including in the successful 7th Circuit reversal of valuation litigation for Los Angeles airport facilities.

    • Adelphia Communications Corp. – Representation of the FrontierVision noteholder committee in recovery of full principal plus accrued interest.

    • Northwest Airlines – Representation of Citigroup Global Markets and Bank of New York Mellon in the successful litigation of settlement discussions with respect to municipal airport revenue bonds for Detroit and JFK airport facilities. 

    • Patriot Coal – Representation of the official creditors' committee in negotiation of debtor-in-possession financing facility.

    Credentials

    Education

    • J.D., University of Texas School of Law, 1997
    • Studies in E.U. Law, Universiteit Leiden (Leiden University), 1996
    • B.A., University of Texas at Austin, 1993

    Bar Admissions

    • New York, 2000
  • *No aspect of this advertisement has been approved by the Supreme Court of New Jersey. A description of the Super Lawyers selection methodology can be found here.