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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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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.
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Mallinckrodt plc – Represented the Ad Hoc Committee of seven states’ attorneys general and the Plaintiffs Executive Committee in the multidistrict opioid litigation. The representation included restructuring and settlement negotiations that culminated in the entry into a restructuring support agreement (RSA) for a Chapter 11 plan that served as the catalyst for the commencement of Mallinckrodt’s Chapter 11 cases. The RSA was executed by 50 U.S. states and territories as well as holders of 85% of Mallinckrodt’s subsidiary-guaranteed unsecured notes, and the recently confirmed Chapter 11 plan is premised upon a reorganization of the company with a $1.3 billion reduction of funded debt. Opioid Trusts, formed to effectuate distributions to holders of opioid claims, will be funded through $1.725 billion of cash payments paid over a period of eight years, warrants to purchase 19.99% of the equity of the reorganized company and various claims of the company against third parties, and will utilize a significant majority of the assets for abatement purposes – a critical issue in addressing the damage caused by the ongoing opioid epidemic.
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.