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Daniel M. Eggermann
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- Partner
- Co-Head, Distressed Investing
- New York
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Daniel M. Eggermann represents significant parties, including distressed investors, bank debt holder and bondholder groups, creditors’ committees, independent directors of debt issuers, and other parties in interest, in complex Chapter 11 bankruptcy cases, out-of-court restructurings and other distressed situations. Daniel advises reorganized companies and their investors on a comprehensive range of corporate issues, and regularly counsels market participants in connection with credit default swaps.
Experience
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Tether – Representing Tether Holdings, and certain of its affiliates, in connection with a lawsuit commenced by the bankruptcy estate of Celsius Network in the United States Bankruptcy Court for the Southern District of New York. The lawsuit seeks the return of up to 39,542.42 Bitcoin (worth nearly $4 billion at today’s prices) that was posted as collateral by Celsius and liquidated by Tether in the 90 day period prior to Celsius’s bankruptcy filing as the prices of Bitcoin dropped precipitously. The complaint asserts that the relevant transfers were preferential and/or constructively fraudulent and, in addition, asserts claims for breach of contract and breach of the covenant of good faith and fair dealing.
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Diamond Sports Group – Representing an ad hoc group of first lien lenders in connection with the Chapter 11 proceedings commenced by Diamond Sports Group and certain of its affiliates. Diamond Sports Group is a subsidiary of Sinclair Broadcasting and owns a portfolio of regional sports networks with exclusive broadcasting rights to 42 professional sports teams, including NBA, MLB and NHL teams. Diamond Sports also holds joint venture interests in the local networks for the Chicago Cubs, the New York Yankees and the Brooklyn Nets.
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Crypto – Advising various parties, including crypto lenders/borrowers, customers and claims purchasers with respect to issues arising in connection with the various crypto bankruptcy cases including FTX, Celsius and Voyager.
Credentials
Education
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J.D., cum laude, New York University School of Law, 2002 -
B.A., Criminal Justice, magna cum laude, LIU Post, 1998
Bar Admissions
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New York
Court Admissions
- U.S.D.C., Eastern District of New York
- U.S.D.C., Southern District of New York
Focus Areas
- Bankruptcy and Restructuring
- Bankruptcy Litigation and Investigations
- Bondholder, Lender and Other Creditor Representations
- Corporate Governance
- Creditor Committee Representations
- Debtor and Company-Side Representations
- Derivatives and Structured Products
- Distressed Investing
- Distressed Mergers and Acquisitions
- Municipal and Government Insolvencies
- Real Estate Investment Trusts (REITs)
- Special Situations
- Private Credit
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*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.